Not every good idea goes as planned. We must strive to always do the best we can and accept that we might sometimes fail. The greatest ideas in the world are only as good as people implementing them, and good ideas in the wrong hands can become an unmitigated disaster all too quickly.
Such was the case with a program called LODE that advocated sound money principles via blockchain technology to create digital tokenized system 100% backed by gold and silver that could be used by anyone for everyday transactions…
Connecting the Dots Video
Guest: David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories, and bullion dealers. He is the publisher of The Morgan Report, a world-class publication designed to build and secure wealth. He is the author of “The Silver Manifesto”, a co-author with David Smith of Second Chance, and a featured speaker at investment conferences worldwide.
…This idea has been batted around by crypto currency/block chain advocates for more than a decade, and when my friend David Morgan mentioned that he was working with a Canadian/ Swiss group that was perfecting a tokenized system that provided a legal alternative to fiat money Central Bank systems; I wanted to know more.
I was introduced to the principal organizers, marketing folks, software designers, and financial experts that were putting the pieces of the puzzle together in a seemingly brilliant way. The program was called LODE and everything presented to me made perfect sense as long as they implemented the plan exactly as advertised.
Obviously, the key to success, as in any business plan, is having adequate finances to carry the plan forward during the initial startup phase and thru implementation. I was told that besides the funding of investors, a 35 million dollar LOC was in place to carry the project well into full implementation.
I was told that our personal investment funding would be used to purchase gold and silver bullion to incorporate into the production of precious metal containing tokens, and that every ounce of gold or silver sent to their depositories would be subject to a full audit on a regular basis.
Although every investment comes with some risk that we must accept, my concern is much more than the significant financial loss that my wife and I incurred, it is that I endorsed a program to my friends and followers that may have also cost them money.
I have many friends that trust my integrity, sincerity, advice and general intelligence. On LODE I surely let them down and apologize to the bottom of my heart for trusting a group of individuals that I did not intimately know befor endorsing their specific program.
The program itself made perfect sense and I have little doubt that someone with more adequate funding and a bit more integrity will take a similar concept to fruition in the very near future.
I just wish that I/we through LODE could have been leading the way to a return to honest, precious metals based money married to the latest block chain based security technology. The plan as outlined to me made perfect sense. That I still believe! I cannot however, defend the actions of the principal organizers.
There is little doubt in my mind that the entire fraudulent fiat Central Bank money system is about to collapse; the question remains, what will replace it?
The powers that be are working feverishly to come up with a new digital cashless system that allows them to retain the ability to create money out of nothing and lend it at interest to sheeple willing to accept their own enslavement.
I have spent my entire adult life trying to educate and enlighten people on the subject of constitutional money and the scam known as fiat currency created by Central Bankers at the Federal Reserve, IMF, World Bank, and elsewhere.
My Connecting the Dots podcast is dedicated to the freedom loving citizens of the English speaking world that need to know how to protect themselves from the coming economic and social chaos that threatens the future of humanity.
I am not infallible, but I am entirely sincere in this effort and will continue to provide the best in guest experts and programing to that end. If I fail in that regard, it will never be from a lack of hard work or dedication to the cause of individual liberty and a respect for human dignity. I will continue to seek God's help and guidance in that mission, and seek your continued listener support of Connecting the Dots podcasts.
