How Good Plans Go Bad: The LODE Project

In this candid episode, Dan Happel delivers a heartfelt account of his personal experience with the now-defunct LODE crypto project, an initiative that promised to revolutionize currency by creating a gold and silver-backed digital token system.

Joined by guest David Morgan, who initially introduced him to the concept, Dan explores the catastrophic breakdown of what seemed like a solid alternative to fiat currency. While the technology and concept held promise, poor execution, mismanagement, and a lack of integrity among organizers turned it into a cautionary tale of how even great ideas can collapse.

Together, they delve into:

The dangers of fiat currency and the urgency for alternatives.

The true function of gold in a manipulated market.

The over-leveraged financial system and looming collapse.

How central banks are moving into gold while misleading the public.

And the philosophical, moral, and spiritual lessons learned when trust is broken.

Great ideas fail when placed in the wrong hands: The LODE project, despite its innovative concept of gold-backed crypto, faltered due to mismanagement and questionable integrity.

Sound money requires sound people: Technology alone cannot solve monetary corruption without a foundation of ethics and transparency.

Central banks are quietly accumulating gold: Even while pushing digital fiat, central banks have been hedging with physical gold. What does that tell us?

The entire system is running on borrowed time: The derivatives market has ballooned from $600 trillion to over $2 quadrillion, creating a ticking time bomb.

David Morgan warns of a global currency crisis: Gold's current behavior suggests global financial instability is already here and it's only intensifying.

Notable Quotes:

“I endorsed a program that may have cost my friends and listeners money. And that eats at me.” — Dan Happel

“Gold is warning us. And when this system finally breaks, you’ll be glad you own it.” — David Morgan

“The fiat system is collapsing but what will replace it? That’s the question no one’s answering honestly.” — Dan Happel

 

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.

His ideas were expressed in the movie Four Horsemen Film, a Feature Documentary.