The Apex Predator That Will Take Down Wall Street (And K Street)
Grant Williams grabbed our vote for the top Alt-Finance presentation of 2017 for A World of Pure Imagination , which highlighted global stock, bond and real estate bubbles that are now showing signs of imploding.
The co-founder of RealVision TV excelled again during 2018 for Cry Wolf, an encomium for a gold-backed currency, which Williams argues would act as an “apex predator” to check government policies that have enticed Americans to borrow themselves into near-bankruptcy.
“In gold’s absence, bankers have multiplied precipitously, creating new variations on the same theme: credit,” says Williams, who likens the process to the proliferation of deer in Yellowstone National Park following extermination of wolves in the 1930s. “They have grazed the financial landscape to virtually nothing.”
Williams’ arguments are well-understood in the precious metals community, where he has taken on a growing role as a Yoda of sorts—a lonely voice arguing cogently for financial sanity.
However, Williams’ ideas are essentially unknown to ordinary investors and the general public, in part because (ironically, for what many describe as a capitalist economy) free market thinkers are essentially banned from governments, universities, and the mainstream media.
Hence the importance of Cry Wolf, which dramatically illustrates the role of what Joseph Schumpeter called “creative destruction,” whose effects Williams likens to the reintroduction of wolves in Yellowstone in 1995.
Destructive preservation: rewarding the inefficient
Right now, the U.S. economy is (in many ways) the opposite of a free market.
Much of this is directly tied to the gradual banning of gold-backed currencies, which has enabled governments to print money and distribute it to favored interest groups, often in secret, without taxpayer approval.
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