By Jp Cortez
A major national precious metals dealer announced today the creation of the first gold-backed scholarship fund to support outstanding students who understand that gold is money and can articulate the failures of the inflation-creating Federal Reserve System.
Money Metals Exchange, a national precious metals dealer recently ranked “Best in the USA,” teamed up with the Sound Money Defense League, setting aside 100 oz of physical gold, currently worth $135,000, to help outstanding students pay for ever-rising education costs.
“The Federal Reserve’s inflationary policies have jacked up education costs, and our company is proud to help students who understand this problem as they cope with this unfolding disaster,” said Stefan Gleason, president of Money Metals Exchange. “Because of abusive and ongoing devaluation of the Federal Reserve Note, we expect the gold that we have set aside to fund the scholarship program will grow in nominal value dramatically over time.”
This scholarship will be open to high school seniors, undergraduate students, and graduate students with an interest in economics, specifically the tradition of the Austrian school. However, one does not have to be an economics major to apply.
The ongoing devaluation of the Federal Reserve Note “dollar” pushes up the nominal prices of assets, goods, and services across America. Central planners have further contributed to the problem of skyrocketing education costs through easy access to government-subsidized loans which are usually awarded regardless of merit or creditworthiness. Colleges and universities can spend frivolously and raise their tuition costs aggressively. Meanwhile, students frequently leave college with debt that exceeds a home mortgage.
Jp Cortez, Assistant Director of Sound Money Defense League, said, “We want to identify, recognize, and reward students who demonstrate a deep understanding of economics and monetary policy. Continuing one’s education gets more expensive by the day, so we hope our scholarship program will help ease the financial burden of students imposed by the Federal Reserve’s deliberately inflationary policies.”
Money Metals Exchange is a national precious metals company named 2015 “Dealer of the Year” in the United States by an independent global ratings group. Sound Money Defense League is an organization working to bring back gold and silver as America’s constitutional money by building a grassroots bonfire of opposition to federal and state policies that undermine the dollar and steal purchasing power from the American people.
Jp Cortez is a graduate of Auburn University, a current law school student, and a resident of Charlotte, North Carolina. He is the Assistant Director of the Sound Money Defense League, an organization working to bring back gold and silver as America’s constitutional money.