Former Apple Co-Founder Reveals Why Gold Could Back the Next Economy

➡ In this podcast, we’re joined by Ronald G. Wayne, an experienced financial expert. He shares his insights on the current global financial situation, emphasizing the importance of understanding currencies and their history. He believes that the world is moving towards a system backed by precious metals like gold and silver, and advises people to invest in these to protect their wealth. He also discusses his book, “Tomorrow’s Money”, which explores these topics in depth.
➡ The speaker believes that due to population growth and decreased availability of silver coins, the value of silver is increasing. He suggests that people should invest in silver coins as a form of self-preservation, as he predicts a return to silver coinage as a universal currency system. He also discusses the potential for a new U.S. currency backed by metal and the implications of a global currency reset. He emphasizes the importance of physical gold and silver over digital currencies, predicting that any other form of currency will eventually fail.
➡ The speaker emphasizes the importance of gold and silver as the most reliable forms of money, based on their historical stability and inability to be corrupted. He dismisses bonds, cryptocurrencies, and digital currencies as illusions, and believes that the world will only recover financially when it returns to using gold and silver. He also mentions his book, “Tomorrow’s Money,” which further discusses these ideas.

Hi everyone and welcome to this very special podcast. We have a very special unique first time guest, a one of a kind guest, the one and only Mr. Ronald G. Wayne. And we’re going to be talking with him about all things financial. He’s got a lot of experience and cogent knowledge, knowledge healed over several decades that are critically important and contributory to the season that we’re in in this global reset, particularly as it relates to currencies, precious metals and the like. And with his background it fits perfectly. So if you’re new to the podcast, please do like subscribe and share as it helps the channel grow and others to gain in the knowledge that you’re currently being afforded.

As you always know, we do customarily with first time guests. I’ll read his bio. Today’s guest is Ronald G. Wayne, engineer, inventor, author, entrepreneur of one of the most thoughtful voices in the subjects of money value and long term economic resilience. His life spans across more than seven decades, excuse me, in business and engineering. He has witnessed economic cycles, technological revolutions, changing monetary policy systems and evolving relationship between innovation, risk and wealth creation. He’s also the author of Tomorrow’s Money, a book that explores the history of money, critiques modern fiat currency systems and advocates for sound money principles rooted in precious metals and physical discipline.

Having lived through and learned from some of the most consequential business financial developments of last century offers a rare combination of first hand experience and historical insight. And also he was the co creator of this little device that we all use today the world over and many other devices like it. And I’m pleased and honored to welcome to the podcast one only, Mr. Ronald G. Wayne. How are you doing today sir? Very well sir, thank you. But it’s an honor to have you. Thank you so much for your time and knowledge and education. So a lot going on in the world as you know right now on this podcast July 14th.

Give us a sense of your temperature. With all of your various experiences over the years, you’ve seen cycles, but this is different in landscape because it seems that we are going back to a constitutional republic with sound financial money backed by precious metals. Is that the case in your estimation? And if so, how do you see that dovetailing its way into the fiat foreign currencies around the world as well as cryptos? Well, I can say for a fact that the conditions that we call an inflation are due entirely to fiat currencies. The world worked fine for 2,500 years on silver and gold money and there was only World War II that upset the economies of the world to the point where they took the world off the gold standard and left it entirely run on fiat money.

The problem with that is that if men were honorable, it would be no problem because they would have limited the amount of paper that they issued. Unfortunately, the temptation to turn the little handle and run off a few more when you’re on unbacked paper money is politically irresistible. And the net result is that every fiat money in history has inflated itself out of existence, without exception. So I ran across that situation happening decades ago after having my introduction to the whole thing was at age 19, I read a book called wealth of nations by Adam Smith, a book published in 1775.

And it was no easy feat to read it. It was written in 18th century English. However, I learned a great deal of the basis of currencies in general. But it wasn’t until 1968 when they repudiated the silver certificates and refused to redeem them in silver anymore that I realized we are heading for a disastrous situation, particularly since this was a worldwide phenomena. What I mean by that is this many countries before this experience had gone into hyperinflation before and had managed to work their way out of it because they had neighbors whose economies were stable and with whom they could trade and rebuild their own economies.

But when everybody, every country in the world is on fiat money, you know, we’re all in the same boat and we’re all going to go over the same cliff at the same time. My reference in my book is, suppose your house is on fire. What do you do? You call the fire department comes down, they put the fire out, et cetera. But what do you do if the whole town is on fire, including the fire department, Then who do you call? In other words, there’s no help coming from anyone because everyone’s doing the same thing and aiming for disaster.

Well, I began to get resources to try to write several books on the subject over a span of time, trying to get people to understand the nature of what was going on. So the books explained the nature of currency, starting with barter and the distinction of barter and how it evolved into coin money and how coin money established the modern technological world because of the simple fact that you can’t, for example, barter together an automobile. You do that with currencies that have universal buying power and that enables the modern technology, modern world of high technology, because now your currency is good in purchasing power for anything.

So at any rate, that’s where it all began. The important thing was that My book was intended to give people an understanding of the nature of currencies, beginning with barter and how it evolved into currency and so on, and to give people an understanding of what was coming, because I started writing these books 20 years ago. any rate, the book tells the whole story of currency, tomorrow’s money. It tells the whole story of currency and what people have to do to defend themselves. What they have to do to defend themselves is really quite simple. Simple. We’ll start at the beginning.

It’s easier that way. In 1964, that was the last year in which the US struck Silver street coin. And then in 1965, they started issuing copper nickel slugs, supposedly having the same buying power. And you wound up with two different currencies on the street at the same time, each with the same buying power. And what happened was something called Gresham’s Law, stated simply. Gresham’s law is bad money drives out good money. And what that really means is this. A person has an interest in buying something for 25 cents. They look in their palm and there’s a silver quarter and a copper nickel quarter.

You know, without necessarily understanding the economics of it, just by intuition, they spend the slug and keep the silver. That mechanism of thinking eventually, over time, draws all the silver out of the economy. It took about 18 months for 80%, 90% of all US silver coin to vanish from circulation. The same thing that happened in every country in the world. Exactly the same thing. So all that money was squirreled away someplace where in private hordes such as mine. Because I realized what was going on, as a number of other people did, and began doing the same thing.

So suddenly, the whole country is dwindling in precious metal coinage, and all you’ve got is copper nickel slugs left. Well, those. That silver that was squirreled away in private hoards is now what’s coming out of the woodwork to become a parallel money system, a system of gold and silver. In other words, people right now, in order to preserve themselves, must recognize that what we are heading for is a world returning to silver and gold money. It will do that, okay? And it doesn’t matter what they’re charging for it. People should be buying up all the silver coin they can because its buying power will be much greater.

That silver coin will be much more powerful. After the roof caves in and we return to silver money, prices will drop because of the simple fact that the buying power of money is dependent upon a comparison between how many people there are in a country and how much money There is in the country, silver coin is rare because a lot of that coinage that was sucked out of circulation didn’t necessarily go into private hordes. Some of it was Destroyed, melted down, etc. The net result is that this ratio of people to money has changed over the past, what is it, 50 years, 60 years right now? When I was a child, I was given a quarter to go to the movies.

What did that get me? It got me 10 cents to get into the show and 15 cents to get sick on candy because you could with the candy bars, a nickel apiece. Soda pop was a bottle of soda pop was a nickel and $0.02 deposit on the bottle. That’s the prices of things now. In those days, people were working for 35, 40, $45 a week in silver coin and making a good living at it. You can only. All right, let me rephrase this just a little bit so it’s easier to understand. The buying power of money is dependent upon one thing and one thing only.

The volume of currency in the country as compared to the number of people in the country. And there was a lot more coinage per person when I was a kid than there is now, simply because the population has changed dramatically. There are more people in the country and the volume of silver coin per person has dropped dramatically. So that in today’s world, or to go back to the world I was talking about when I was a child, you could get a decent breakfast for 75 cents and a decent lunch for a dollar and a half because you were paying for it in silver coin.

It’s going to be more severe than that because there’s a lot more people now and a lot less coinage, silver coin money in the country. When we, after the roof caves in, we’re back to silver coin money again as a universal currency system. So self preservation right now calls for buying silver coin. If it’s 50 times phase, 60 times phase, a dime might cost you, you know, $6. That seems like an extravagant amount of money. But that dime will buy you a breakfast for, for 60 cents and a lunch for a buck and a quarter in, in the world to come, that is after the roof caves in.

This is essentially my message. Recognize that the whole world is going back to silver coin because there is no option, simply because there isn’t a single currency fiat currency in history that has failed to inflate itself out of existence, including every fiat currency that’s in the world today. Well, thank you, Mr. Wayne, I appreciate that. It was great information, great history overview of your, of your Summary, background and I think a great conclusion of where we are. We’re headed back, basically. Going back to the future, if you will. Yep. With, with money in essence. And, and what I also heard you say, correct me if I’m wrong, essentially a supply and demand issue is inverse.

So that becomes. Yes as well. Right. Great. So I want to show you a couple of things, If I may, Mr. Wayne, that will illustrate your point and give visual matrix to the whole thing, if you like. Okay. This first slide you should see in a moment. So I’m going to ask you a two part question just to you know, make the best use of your time in the audience time, of course, respectively, one in the same. You can see here, can you see the, the article here, sir? The vision, the visual. The bell. Yes. Bell, yes.

Okay. So this is depicting the US Mint putting out America’s 250th celebration. You know, we just had recently, they’re estimating that the new Liberty Coin is going to be released at 19,600. They’re saying the product would be available for sale this week on Thursday, July 16 at noon, east coast time. So my, my question to you would be is, is we know President Trump and Secretary Treasury Scott Bessant are running essentially the treasury, thereby running the mint. Are they giving us breadcrumbs of the roof caving in with the revaluation of gold and silver? If they are, in your estimation, from your vast experience, would that tell you that that is coming sooner than later this year? And how does that effectuate running into currencies like the Iraq dinar which are going to be backed by gold and oil.

Zimbabwe has tons of gold, Vietnam has lots of silver, as you mentioned before. Do you see the correlation pattern with that as well? Well, if I hear you correctly, they’re coming out in the US with new currency, Is that what you’re saying? Because I have not heard anything about this. They’re coming. Yes. They’re coming out with a new treasury note with some, it’s really a heck backing going back to the past as you, as you said, back to the future. Well, is it paper money that’s redeemable in metal? Yes. Okay. So they will be striking silver street coin again, that’s our understanding.

Yes, sir. Then that is essentially the beginning of the, of the end of what we’ve had before. And but the problem is it has to happen all over the world at the same time because if it doesn’t and one country decides to go to silver and gold money and everybody else’s still on worthless paper. Before you know it, all that silver and gold money in this country would disappear. It’d be traded off for worthless paper. Right. So it’s. I, I’m not familiar with the, what they’re planning to do about that. How would they prevent people from turning in foreign currencies and in exchange for U.S.

money? Well, there’s going to be a global currency reset. That’s what we’re in the midst of now, sir. As you know, President Trump is meeting today with Prime Minister Al Zahedi of Iraq to prepare this for them to come back to the international stage. And XRP as a crypto, which is gold backed, not pegged would be the blockchain mechanism, technologically speaking, that would run the rails for all these currencies to go concurrently. To your point, you say what currency xrp. And that is crypto. That’s a crypt. That’s a blockchain crypto backed by gold that will tie in everything together for transactions so they can run concurrently.

All right. If they go back to a golden gold and silver currency. Okay, please continue, Mr. Wayne. As you were saying. Okay. What I was saying very simply is that the whole world ran on simple coinage and paper money was, was an invention that was supposed to make things easier. Instead, it destroyed the whole economy of the world. All right, now, that’s what they have to return to, is gold and silver coin money on the street. Cryptocurrency or digital currency or anything else. Sounds to me like a sideways move to keep on doing what they’ve been doing before.

Either you have silver and gold in your pocket and that’s money, or you don’t. Anything else is a fake. If they’re pulling this nonsense with some fantastic mechanism of digital currency or something like this, they’re not solving the problem, they’re compounding it. So people should be still squirreling away silver and gold money. If they don’t have that, they won’t have currency anything else and is going to destroy itself automatically because nothing with gold and silver has worked for 2500 years and never failed. Any other tricks you try with digital currency or paper or crypto or anything else is all nonsense.

It’s a sidewise way of slipping out of the trouble line and thinking you’re going to get away with something. I encourage people stay with the silver coin money because in the end, that’s what’s going to happen. Right. Thank you, sir. We, we used to have a guest on Bill Holter who’s quite esteemed in this matter you may know. And he always said that gold and silver will be the last man standing, as he puts it in the old. Absolutely. Western terminology. We’ve always encouraged people just because we haven’t worked together before, Mr. Wayne, but we always encourage people on our channel to become their own central bank and diversify and always try to control the assets in hand whenever you get a chance because if you don’t touch it, you don’t own it.

So, and this isn’t, this isn’t to sort of incite any sort of debate or anything like that. It’s just that with certain cryptos that have utility on the blockchain, you can have a digital wallet just, just for the discussion, for your own education, where you physically hold it in your possession. You know, yes, it’s, it’s less surety than, than precious metals, to be sure, but there are other mechanisms that you can use to extrapolate it into your hands. And, and as a Christian. Yeah, actually, I think gold and silver have probably been. You could make a case that had been around for at least 5,000 years, since the very beginning of time.

And so it just reinforces your point. Well, go ahead, please. So all I’m saying is anything else they try, I don’t care what it is, look shiny and new and viable at the moment, but I guarantee it will collapse. You don’t have silver and gold money. Anything else is a. Oh, a sideways step to oblivion. Interesting way to look at it. Okay, thank you, sir. So let’s go back to what you shared a moment ago in your, and I’m going to call it more of like a. Your sort of unwinding of your experience, a dissertation, if you like.

You talked about the roof caving in. You said that several times, which I agree. Based on your history and based on what you see with economic trends now as we’re seeing the old system and the new system start to kind of, you know, overlap and converge in the transit transition period or point. When would you surmise, just in your own educated experience and guess. When would you see the roof caving in? That could happen, in my opinion, anywhere from three to five years. I don’t think we can keep the pieces together for five years. Yeah, I don’t either.

I agree. And I personally think it’ll be just humble opinion. I think it’ll be even sooner than that. As I said. Three to five years. Yeah, sooner. But I believe that these are, is a, this is a fair evaluation based upon my knowledge of the history of the monetary history of the World, to say the least. You’re 100. So that brings up a, excuse me, a sub point. So one of the things we need to look at, and you kind of mentioned it before, is the, and you know you’ve had vast experience in this, is the bond market, particularly the treasury yield bond market.

You see what Japan is doing to move away from that and back their yen with gold and silver and other assets they have in ground, as every nation is and should do. Yes. When do you see that bond market implosion? Do you see 10% this year, 10% next year, and then in three years, how do you see that? I’ve never been involved in speculation. Stocks and bonds have never interested me at all. That’s a different world altogether and really has no fundamental relationship to the nature of street currency. Okay, so what, I guess what is your, if we had to take, you know, all of your 70 plus years of experience in business, finance and just general living, if we had to put a bullseye around it, what would be your clarion call message to the audience today? Other than, than precious metals, what is the main thing you’re passionate about expressing to people? I don’t quite know how to answer that question because I’m not clear on what the question is.

What is the main message you have for the people today other than precious metals? What is the thing that you really want to caution them about with all your history, to be candid, I don’t see anything but silver and gold money because that’s the only thing that has worked for thousands of years without any problems. Everything else is business and speculation and paper that’s worth so much or it, it’s all illusion. So for you, basically, gold or not. Right. What about other metals such as copper, bronze, things of that nature for the lower levels of purchasing power? You know, the penny will come back with silver and gold money.

So they’re, they’re copper, right now they’re zinc. No, the, you know, there’s zinc. Yeah, right. Pennies were zinc since 1925, I think. 82. Okay, 1982, there were seven different pennies issued. Yeah. Oh, that’s true, that’s true. Yeah. Okay. And you have a, you have a book out, I believe. Can you talk a little bit about that and the substance of that? The book Insolence of Office. It was a book I did about 10 years ago. And then I, I can go back several, several years beyond that, but they were all nibbling away at the same understanding with only the grossest of base information.

The book tomorrow’s money is exactly what the name says, tomorrow’s money. And that is gold and silver. No matter what silly games they try to play, it’s still going to be back to gold and silver. And the more they try to impose artificial money in any way whatsoever, the longer it will take to recover. And we, we will not achieve recovery until the whole world is back on simple gold and silver money. Not bonds, not crypto, not digital nothing. It’s all, it’s all something to plug the holes or to create the illusion that some sort of improvement is made because they made a marvelous new discovery as to what money should be.

The world doesn’t work that way and monetary systems don’t work that way. They’re based on something that cannot be corrupted. You can’t manufacture gold or silver. It’s either there or it’s not. Right? Right. Fair enough. Thank you, sir. Well, with the time that we have left, because obviously I want to respect your time and the audience’s time. If people wanted to look you up and learn more about your background beyond the book, is there a website or anything, how can they find your work? I’m sorry, Ronaldg Wayne.com Ronaldg Wayne.com which is now, shall we say, under construction and is moving along very nicely.

I would say that would be your best contact reference. And if you can’t get to it yet, it will be there very quickly. Okay, so ronaldg Wayne.com correct? That is correct. Okay, we will leave that link folks in the description so you can check out this fine gentleman’s work. And he said it all very succinctly and repetitively in different prosecutors about the importance of precious metals. And so folks, you know, we’ve, we’ve waxed political about that many, many times. As you know, Noble Gold is our chief financial sponsor for precious metals, one of the most reliable according to Gold magazine, one of the top two companies they’re offering for anyone who’s buying straight metals purchases or converting Forward K annuity IRA as he mentioned, basically essentially worthless paper into something that’s priceless.

They’re giving away a 10 ounce bar. For the 250th anniversary of America, we just celebrated with qualified accounts. So for more information go to link in the description noblegold investments.com forward/jd metals is my promo code. Or if you call in, just tell them that you saw the podcast with me and Mr. Wayne for a reference point and they will take good care of you with the best pricing and service. Mr. Ronald G. Wayne, thank you so much for joining us on the podcast today. We appreciate your time, your patience, your professionalism, and your experience. We pray that this was useful to you and certainly to our audience.

And we hope you have a blessed rest of your day. Well, I thank you so much for this opportunity to get this vital information across directly to the public. Absolutely. It was our honor. Thank you, sir. And have a blessed rest of your day. Thank you. Ra.
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