"I was a part of a family business that was very successful, and I'm the second generation," said Duane. "And I saw in 2005 that the economy was too good. I woke up very wealthy and wondered why things weren't always this way, and it actually scared me. And it made me start questioning how things were so good. I mean, the property value of my house had doubled in three years, our sales were going through the roof, and I started to question that reality, and what I found scared me, saved me, and ultimately it made me a lot of money. I found that our entire economy is built off of debt, and that our money is actually debt, and it was a weird thing for me to have so much of it and have very little understanding of the very nature of our money, and this is something that your listeners have got to understand; every dollar that comes into existence is backed by a dollar's worth of debt plus interest."
He continued, "So the reason why I made so much money before is because I was a part of this debt-based Ponzi scheme that had been growing. I recognized that things were growing too good, and I got out. I sold everything. I sold all my stocks, I sold my house, I sold my business. I got out, and I invested everything into gold and silver, because I just looked, and what else could I put it into? And trust me, none of my business partners or my family was happy that I did all this stuff, but it was the ultimate deciding factor in making me financially independent now. And I'm warning your listeners now; we're on the exact verge of the exact same scenario playing out again, only this time instead of being confined to the United States, it's going to be global."
Bennett commented that the Fed recently revised their total U.S. debt from 330 percent to 350 percent of GDP. The Fed discovered another $2.7 trillion in debt and everyone seems to remaining silent. We have the S&P back over 2000 again. Duane noted that he's not surprised.
Read the full interview between Dawn J Bennett and Chris Duane here: http://www.releasewire.com/press-releases/dawn-bennett-host-of-radio-show-financial-myth-busting-interviews-chris-duane-founder-of-sons-of-liberty-academy-and-author-638283.htm