- Oct 29, 2017
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None of the BRICS countries could be considered Austrian in their approach to markets. Most of these countries are more interventionist in markets than we are. You could describe Brazil and India to be reminiscent of our Keynesian phase. China is extremely interventionist -- they have a true state capitalism that is, in many practical respects, centrally planned. Every major company in China has a board within it mandated by the government that has the power to make important decisions in the company's operations. Russia is somewhat free in its markets compared to China, but it has a high level of corruption between oligarchs and the government. South Africa is even more corrupt than Russia.
How will any of the unsupported allusions of interventionism and corruption affect one storing wealth in the form of gold?
How does the interventionism and corruption of the U.S. Government, keep the American People, and those who hold this monopoly money abroad, safe from the extraction of their wealth through the storing of depreciating fiat currency?
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