It's a container to store your economic energy until you're ready to deploy it.

真の富とは 時間と自由です

But the whole world has been turned away from real money and has been fooled into using currency, -

お金は 時間を取引する ツールに過ぎません

a deceiptful imposter that is silently stealing your two most valuable assets.

使用する時まで

Your time and your freedom. Welcome to the rabbit hole.

経済的エネルギーを保存する 容器であります

We are entering a period of financial crisis that is the greatest the world has ever known.

しかし 世界は 真の貨幣を使わなくなり

The wealth transfer that will take place during this decade is the greatest wealth transfer in history.

通貨を使用するよう 騙され続けています

Wealth is never destroyed. It is merely transferred.

欺瞞に満ちた その通貨は

And that means that on the opposite side of every crisis there is an opportunity.

最も価値のあるものを あなたから奪い続けています

The great news is that all you have to do to turn this crisis into your great opportunity is to educate yourself.

あなたの時間と自由です

I believe that the best investment that you can make in your lifetime is your own education.

あなたの想像を超える ｢うさぎの穴｣へようこそ

Education on the history of money.

我々は 過去に 経験したことのない規模の

Education on finance. Education on how the global economy works.

金融危機に 足を踏み入れようとしています

Education on how all of these guys, the central bankers, the stock market, how they can cheat you. How they can scam you.

この十年間に起こる 富の移転額は

If you learn what is going on and how the financial world works, you can put yourself on the correct side of this wealth transfer.

史上最大の規模になります

Winston Churchill once said that the further you look into the past, the further that you can see into the future.

富は決して崩壊しません 単に移動するだけです

This program is all about creating your own crystal ball.

｢危機｣が生じるその裏には

Being able to gaze into the future.

常に｢機会｣が存在します

Being able to change this crisis, the greatest crisis in the history of mankind, into your great opportunity.

危機を機会に変えるために

The hidden secrets of money. Some of them are hidden in plain sight.

あなたには やるべきことがあります

They're like right in front of you.

自分自身を教育することです

Uh, the way the monetary system works is something that isn't actually hidden away from all of us.

あなたの生涯において 最良の投資となるものは

It's out in the open, but it's complex and people just don't, they can't see how it works.

自身の教育です

It's hard for them to imagine that we're living in such a hoax.

マネーの歴史を学び ファイナンスを学び

Others are meant to be secret, but the truth is slowly coming out.

グローバル経済の仕組みを学び

Like the Federal Reserve being a private corporation and not really part of the U.S. Government.

中央銀行や株式市場など 金融機関が

But when I started studying this, uh, what I found was that there was no place that I could point people to where they could get it all in one spot.

いかに詐欺を行うかを 学ぶのです

And so I basically decided to write my book about it and consolidate monetary history, economics, the markets, uh, the fundamentals of gold and silver.

借用証書 財務省

There's a lot of smoke and mirrors in economics, and I've sort of made it my job to lift the fog for people.

社会の現象と 金融界の仕組みを学べば

Welcome to Egypt. This is where it all began.

富の移転において

Roughly 5,000 years ago, the Egyptians started using gold and silver as their predominant form of currency,-

｢正しい側｣に 自分自身を位置づけられます

but it was not yet money.

ウィンストン･チャーチルが 言っています

The pieces of gold and silver that they were using were odd sizes and weights. Odd purities.

｢過去を遠くまで 遡って見つめるほど

So it still was not interchangable where each unit is the same as the next. This meant that nothing really had a price yet.

それだけ遠くの未来を 見ることができる｣

You couldn't put a price of so many coins on something because they didn't have coins yet. Trade was still difficult.

このプログラムの目的は 自分だけの水晶玉を見つけ出し

It was still a guessing game when it came to the exchange of values.

未来を見つめ

One of the reasons that we are in the financial mess that we are today globally is that people do not understand the difference between currency and money.

現在の危機を...

Currency is a medium of exchange, a unit of account. It is portable, durable, divisible, and something called fungible.

人類史上最大のこの危機を

Fungible means that each unit is the same as the next unit.

最良の好機に 変えることにあります

A dollar in my pocket buys the same amount as a dollar in your pocket.

ゴールド＆シルバー 隠されたマネーの歴史

Money is all of those things plus a store of value over a long period of time.

通貨　対　貨幣

Even financial planners, bankers, your accountant, they don't understand the difference between currency and money.

マネーの秘密...

The currency in your pocket is a medium of exchange. It's a unit of account because it's got numbers on it.

そのいくつかは 日常の中に隠れています

It's somewhat durable, it's portable, it's divisible in that you can make change, and it's fungible.

あなたの目の前にあるのです

A dollar in my pocket buys the same amount as a dollar in your pocket.

貨幣システムの仕組みは

But because governments can print more and more and more of it and dilute the currency supply,-

我々全員に 隠されているものではありません

it's continually transferring wealth out of your pocket, out of your bank account to the government and to the banking system.

開示されているものです

The reason that gold and silver are the optimum form of money is because of their properties.

しかし　複雑なので その仕組みが理解できず

It's an easy medium of exchange because gold and silver store a large amount of value in a very small area.

虚像の世界だということに 気づかないのです

It's a unit of account. Pure gold has the same value all over the planet.

逆に　意図的な秘密もありますが

So an ounce of gold buys the same amount here in Egypt as it would in China or in the United States.

真実は少しずつ 明らかになりつつあります

It's durable. The same gold that Egyptians were using in trade 5,000 years ago is still here with us today.

たとえば 連邦準備制度が私企業であり

It does not corrode. It's divisible.

アメリカ政府の 一部ではないことです

You can make change with it. It's very portable.

その秘密を探り始めた頃

You can use something like oil as money. It's just that you can't carry around a barrel of oil on your back.

ここに全て書いてある、と言える

It's fungible. Pure gold is the same wherever it is on earth.

書物がないことを発見しました

Pure silver is the same wherever it is on earth. It's limited in quantity.

そこで マネーの歴史、経済、市場

That's the reason that it maintains its purchasing power. Governments cannot print it.

そして ゴールドとシルバーの基礎を

Over the last 5,000 years, only gold and silver have maintained their purchasing power.

一箇所に統合した 本を執筆することにしました

There have been thousands upon thousands of fiat currencies.

経済には 多くのまやかしがあります

Currencies that are unbacked by gold or silver, and they have all gone to zero. It's a 100 percent failure rate.

私は それを取り除くことを 自分の使命しました

Well, fiat currency, of course, is um, a currency that is, exists at the dictate or by fiat from, from a government.

エジプトへようこそ

They have their printing presses, and the paper money rolls off the printing presses.

全てがここで始まりました

And then they give it the fiat designation which then makes the currency official.

およそ５千年前

It's just worthless paper, but when Ben Bernake gives it the special sign, and they have the cult meeting -

エジプト人が

at the Federal Open Market Committee meetings, it suddenly becomes currency.

ゴールドとシルバーを

If you look at what's really going on it's, it's a con game. And so there's confidence.

主要な貨幣として 使い始めました

Well, the Federal Reserve is very forthright about what they're doing.

しかしそれは まだ貨幣ではありませんでした

If you read their website they'll tell you it's a confidence game.

彼らが使っていた ゴールドとシルバーは

They tell that there's no intrinsic value in their money.

サイズも重量も 純度もまちまちでした

They'll tell you that they print it backed by absolutely nothing.

隣にあるゴールドとの

They actually display all these facts.

交換は不可能でしたで

But if you tell somebody in the public that this stuff is created out of thin air, there's no backing whatsover -

まだ 値打ちが 決まっていないということです

, it's absolutely worthless, it's about as valuable as Monopoly money, they'll look at you like you're nuts.

コインがない時代に

Is there an example throughout history of a fiat currency, a piece of paper that's unbacked by anything, surviving?

モノに対して コインを使った 価格設定はできません

Short answer, no.

物の交換は 困難が伴いました

Long answer, no. And here's why.

｢価値の交換｣という点では

When Addison Wiggin took over at The Daily Reckoning, they got cranked up.

未だに 推測ゲームの域にありました

Uh, Bill Bonner asked him to catalogue all of the fiat currencies throughout history and what happened to each of them.

全世界において

Addison dutifully went to work. Within a short period of time he had gone through the alphabet. All the fiat currencies that started with the letter A were done.

現在の金融混乱に陥った 一つの理由は

They all went to zero. He was halfway through the letter B and all the fiat currencies that started with the letter B,-

多くの人が

and there were 600 of them in just the first letter and a half of the alphabet.

通貨と貨幣の違いを 理解していないからです

And every single one of them went to zero. Every one.

通貨は交換の媒介であり 一つの計算単位です

600 fiat currencies that start with the letter A, and half of the ones that start with the letter B, there are 600 of these things.

持ち運び可能で、耐久性があり

Not one ever came close.

分割可能で、代替可能です

And you think this one, the United States dollar is gonna be the first one after all that? I don't think so.

代替可能とは　その一個が

No. No currency, fiat currency has ever survived.

もう一個と同じだという意味です

None.

私が持っている１ドル札は あなたが持っている１ドル札と

The thing about money is there actually is a fairly well accepted definition of what money is.

同等の価値があります

The question is as you apply that definition to particular things that are, people claim to be money, do they fit the definition?

｢貨幣｣は その全てを含みます

Well just take the paper dollar for example. How well does it perform those functions?

それに加え 長期に渡る 価値保存の機能があります

Will it store a value? Uh, the dollar has lost 95 percent of its purchasing power, uh, since the creation of the Federal Reserve in 1913.

ファイナンシャル･プランナーや 銀行家、会計士でさえも

So not very good as a store of value.

通貨と貨幣の違いを 理解していません

One of the things I do is, uh, just a way to get the audience's attention is I have a slide and there are three pictures on the slide.

ポケットの中の通貨は 交換の媒体です

One is a pile of Monopoly money. The other one is a pile of Federal Reserve notes.

数字があるということは 計算の単位を意味します

Uh, what Americans would call paper money.

ある程度の耐久性があり 持ち運びが可能です

Uh, the other one is a solid gold, uh, American Eagle, uh, one ounce coin.

分割できるので 変換もできます

And the title of this slide is which of these is not like the other.

代替可能です

And if you know the show Sesame Street or if you have children who watch it, it's one of the favorite vignettes in Sesame Street.

私の１ドルと あなたの１ドルは

And what it really is is a kind of IQ test for five year olds.

同じものを買えます

They're supposed to look at the three things and look at characteristics and find the one that's not like the other.

しかし 政府がどんどん 貨幣を印刷すると

Well, I've shown this slide to, um, groups of, you know, Ivy League university professors, and I've also shown it to, uh, you know, uh, children.

貨幣価値が薄まり

You know, kind of find results in my nieces and newphews and so forth.

あなたのポケットから... あなたの貨幣から

Uh, and when the, uh, professors look at it they say well, um, clearly the, uh, the dollars are not like the others -

継続的に富が流出し

'cause gold has no role as money and Monopoly money is junk and the American dollar is a store of value.

政府と銀行システムへと 移転します

So that's not like the other. But the children look at it and they say well, the gold coin is not like the other -

ゴールドとシルバーが 貨幣として最良の形である理由は

because the other two are just piles of paper, and the gold coin is clearly something different.

その特質にあります

So my question to the audience is who's smarter? A five year old or an Ivy League professor?

ゴールドとシルバーは

Before World War I, each note that a treasury issued would say that there has been deposited with the United States Treasury -

大きな価値を 小さな領域に収められるので

20 dollars in gold coin payable to the bearer upon demand.

交換の媒体として利便性があります

The money was in the vault. The currency was a note they gave you that was a claim check.

計算の単位でもあります

Only a claim check on the money. The same as if you go to the dry cleaners and you give them your shirt and they give you a claim check for your shirt.

純金の価値は 地球のどこでも変わりません

The value is, is that shirt at the dry cleaners. Not the piece of paper that says that you own that shirt.

エジプトにある １オンスのゴールドは

So our currency that's circulated was the paper U.S. dollars and they were claim checks on money.

中国でもアメリカでも 同等の価値があります

The next hidden secret is the difference between currency and money.

耐久性があります

Money must be a store of value and maintain its purchasing power over long periods of time.

エジプト人が ５先年前に 使っていたゴールドが

As we progress through this series, you'll learn that national currencies are really a tool used by the government -

今も残されています

and the financial sector to leach away your time and your freedom by stealing your purchasing power.

腐食しないからです

So rather than storing your economic energy, currencies leak.

部分割が可能で 変換が可能です

Now compare that to the gold and silver the Egyptians were using. Like I started with, it still wasn't money because it wasn't interchangable yet.

持ち運び可能です

Like I started with, it still wasn't money because it wasn't interchangable yet.

オイルを 通貨として扱うこともできますが

But they were on the right track as gold and silver have proven over thousands of years to be the ultimate store of value.

オイルが入ったバレルを

Gold is only formed when a star explodes, a supernova. And it stays around forever.

背負って歩く回るわけには いきません

This is one of the properties that make it the ultimate money.

代替可能です

You know, people are amazed that after 5,000 years the pyramids are still here.

純金は 地球上でこでも同じ純金です

But what I'm more amazed at is that the currency that the people that built this were using,-

純銀は 地球上でこでも同じ純銀です

that currency, that gold and silver that they were using in trade on a daily basis, is still around today.

量が限られています

It may have been melted down and re-refined and it's in a coin or a bar or in some piece of jewelry.

その購買力が維持されている 理由です

But it's still with us today and it still purchases something.

政府はそれを印刷できません

Yes, it is the ultimate money because there is nothing else even in the same league. It's divisible.

過去５先年

It's permanent. It's a store of value.

ゴールドとシルバーだけが その購買力を維持してきました

It's, uh, a unit of account. It's got everything you want out of money, but it doesn't go away and it can't be increased.

過去に何千といつ 不換通貨が存在しました

That is what makes gold the most beautiful money of all. What more can you ask out of a money?

不換通貨は

It keeps governments under control. You can maintain a solvent system.

ゴールドやシルバーによる 裏づけのない通貨をさします

Governments don't like gold at present because they're getting away with the fiat currencies, and they'll do everything they can to discredit it as an asset class.

全ての不堪通貨は 価値をゼロにしました

I mean, my goodness. Gold has, uh, outperformed the Dow Jones Industrial Average in each of the last seven years.

100％の崩壊率です

Uh, yet it's not considered a legitimate asset class. Why?

もちろん 不換通貨は

Again, it's the fear that maybe gold will be imposed on the system.

政府により 強制的に存在する

That it will constrain government ability to spend beyond its means.

通貨を意味する

They can't print it.

政府の印刷機...

They can't print it, no.

その印刷機から 紙幣が出てくる

The proper definition of inflation, I use Milton Friedman's definition. Inflation is an expansion of the currency supply.

それを認可元へ手渡す

Deflation is a contraction of the currency supply. If you expand the currency supply, eventually prices will rise.

通貨は そこで公的なものになる

And if you contract the currency supply, eventually prices will fall.

まだ価値のない紙だ

This is a pool. But it's not a pool of water.

ベン･バーナンキが 特殊な署名をして

This is a, the currency pool. And these are prices.

連邦公開市場委員会で

And if you expand the currency supply, prices like a sponge in water have to rise to suck up the excess currency.

恒例のカルト集会が 開催されると

Governments never stop printing more currency and adding currency to circulation.

それが通貨になる

Therefore, prices keep on going up. Not because they stuff that you're trying to buy is changing.

何が起こっているかを 注意して見ると

The real estate doesn't change. What has changed is the currency purchases less and less.

これは完璧な詐欺だ

It's the currency going down. Not prices going up.

そこには自信がある

The truth is, what we have that makes our world work right now is a big story. None of it's real.

連邦準備制度は 自分たちの行っていることを

It's all just promises. And if you think about it, that's how currency began to work in the beginning.

実に率直に語っている

You know, before we had currency we had barter.

ウェブサイトを見ると 詐欺だってことを隠していない

I'll give you three coconuts and you give me four fish 'cause that's kind of a fair exchange on coconuts and fish.

そこで発行するお金に 本質的価値がないと言っている

But that got complicated so we had to invent this thing called money to be a divisible, portable medium of exchange.

何の裏づけもなしに 印刷していると言っている

And the challenge is that we've lost that a long time ago. We lost having things of value be our currency.

それらの事実を 彼らは明言している

And now we have this thing called numbers and accounts. But trust me.

でも それを一般人に言ったとする

It is not real. It's a big made up story.

｢何の根拠もなく 紙幣が印刷され

One of the biggest make believe stories ever is called quantitative easing which sounds complex, -

何の裏づけもないし まるで価値がない

but it's really just a smoke and mirrors term for currency creation.

モノポリーの紙幣と その価値は同等だ｣と言ったら

QE started with the banking bailouts back in 2009.

頭がおかしいと思われる

This currency was created out of thin air and then given to the banks who paid themselves record bonuses in reward for crashing the world economy.

裏付けのない 単なる紙に過ぎない不換紙幣が

This is a global phenomenon, but all you have to remember for now is that whether it's QE, bailouts, or stimulus programs, -

生き残った事例があるか？

these are all just voodoo, hocus pocus terms for increased currency creation.

短い答えは｢ＮＯ｣

I believe gold and silver will reassert themselves as money and when they do, there just isn't enough.

長い答えも｢ＮＯ｣

And their purchasing power is going to go up many, many, many times.

理由はこうだ

Egypt is an amazing place. There's a franticness about it, an utter chaos. Especially like the traffic.

アディソン･ウィギンが ｢The Daily Reckoning｣を

When it comes to like all of the merchants that are trying to get every last dime out of you, -

引き継いだ際

you get fleeced to the point where you come back with an empty wallet. [LAUGH]

過去に存在した 全ての不換紙幣と

But you know what? They're amateurs compared to Wall Street.

それがどうなったかを カタログ化するように

In the past several years, I've, I've spoken in many countries about the crisis that's coming, -

ビル･ボナーから要請された