Below is Fitzwilson’s exclusive piece for KWN:

“These are confusing times.  In our quest for clarity, understanding and historical context, we turn to the emergence of the mindset that everything should be “free”.  “Free” explains a lot.

The Romans had their own experience with “free”.  In 123 B.C., Gaius Gracchus pushed through a policy of charging a constant price for grain throughout the year.  It was not so much a policy of free food as it was intended to provide insulation from wild shifts in price....

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“In 58 B.C., a politician named Clodius went further and established the practice of simply giving away the grain.  By the time that Julius Caesar came to power, one-third of the population of Rome was receiving free grain.  The practice continued until the end of the Western Empire some 500 years later.

The grain was not free.  To someone living in the City of Rome, it appeared to be so.  The reality is that it was being brought in from the provinces, particularly North Africa.  It cost a great deal.  Conquests were fought and many people perished.  Slave labor was employed throughout the Empire.  Labor, income and accumulated wealth were confiscated and used to give the appearance of free to those not interested in the source of their gift from the emperors.

There have always been people expecting something for nothing.  What concerns us is that this mindset of everything should be free has become a way of thinking in our era on a global, generational scale.  One might trace it back to the success of a startup and service called Hotmail.  Hotmail gave away free email accounts.  It was the beginning of the search for “eyeballs” and valuations based upon the number of employees and the pedigree of the investors.  Hotmail was wildly successful from a financial standpoint.  Free became a powerful strategy.

The Internet itself has promoted and fostered this concept.  Content should be free.  A generation grew up expecting not to pay.  It should not be surprising that massive deficits and unfunded liabilities have been brushed aside by the cult of “free”.  Despite the hard evidence to the contrary, the media continues to spin that the global economy is in the midst of a recovery.  All is well.

Historically, the perception of “free” is sustained by conquest and confiscation.  Once there are no more people to conquer or wealth to be confiscated, the system collapses.  It can take centuries as we saw with Rome.  We do not think so this time around.  The world is too interconnected and too interdependent.  When the wheels fall off this financial bus, it will devolve rapidly.   The cult of “free” will find out that the costs for the selfishness and irresponsibility are astronomical.  Unfortunately, the rest of us will be dragged along.

If one has wealth to preserve, the time for action is now.  There are no pitchforks or torches visible yet, but there will come a time when the “free” mob will demand that governments consume all wealth.  Real assets, particularly gold, silver and agricultural real estate have historically been considered safe ground.  Switch out of fiat money and fixed income before it is too late.  It is your best chance to stay wealthy and emerge from the old financial system not only intact, but perhaps wealthier than you ever imagined.”

The extraordinary audio interview with Chris Powell covering “Holy Grail” evidence of central bank manipulation in the gold market has now been released and you can listen to it by CLICKING HERE. 

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

The interviews with Chris Powell, Bill Fleckenstein, Egon von Greyerz, John Hathaway, Ben Davies, Dr. Stephen Leeb, Eric Sprott and Gerald Celente are available now.  Also, be sure to listen to the other recent KWN interviews which included James Turk, Michael Pento and Wilbur Ross by CLICKING HERE.

Eric King

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© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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