By Simit Patel:Billionaire and hard money advocate Hugo Salinas-Price was recently on the Keiser Report advocating Greece to return to a silver standard, laying forth a five step plan for how this could be accomplished. Here is the video clip; fast forward to 13 minute mark to get to the discussion about returning to the silver standard.Here are the basic points Salinas-Price makes:
MEXICO CITY (Reuters) - Top Mexican broadcaster Televisa's joint mobile telephone venture with Grupo Salinas will require $800 million in investments in the coming three years, Televisa's executive vice president said on Thursday. Iusacell could either issue debt or Televisa and Grupo Salinas could split the investment evenly, executive vice president Alfonso de Angoitia said on a conference call with investors. "We estimate Iusacell will have additional capital needs of approximately 800 million dollars in total within the next 3 years. ...
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Inquiring minds are watching an interview by Max Keiser with Hugo Salinas Price on a plan to back Greek currency with silver.
In the first half of the video below, Max discusses unelected bureaucrats "running a gulag casino state" for their own benefit, financial terrorism against Ireland, and the simple-but-true (yet seldom initiated) concept that "bad debt banks
should go bankrupt".
Max also blasts Christine Lagarde who herself pays no taxes yet harasses Greek citizens to pay theirs.
Mexican media giant Televisa has agreed to acquire a 50 percent stake in the Iusacell mobile phone company for 1.6 billion dollars, the company said Thursday."Televisa will invest 37.5 million dollars in capital and 1.565 billion dollars in Iusacell convertible debt. Once the debt has been converted, Televisa's share in Iusacell will be 50 percent," it said.Iusacell, the third largest mobile telephone company in Mexico, is owned by Ricardo Salinas Pliego, owner of Azteca TV, the second largest broadcast television network in Mexico.