John Butler’s upcoming book, The Golden Revolution could be a blockbuster. Unlike many of today’s commentators and newsletter writers, John goes the extra mile and dares to see a world where fiat currencies have gone the way of the phonograph record. He’s certain that plans are currently afoot to implement a new metallic money standard. It’s clear that US monetary policy, besides being an abject failure, is destabilizing the world economic system. Many countries have come to this conclusion and understand that it is in their interest to come up with an alternative system, which will act as a store of value and will facilitate international trade.
John refuses to lay out a timetable for this eventuality, as he knows from history that dying systems can continue on longer than anyone believes possible. Predicting the time of death for the dollar has proven an exercise in futility and isn’t really very useful. The key is to grasp the reality that it is going to happen, and then plan your affairs accordingly. While worrying about tomorrow is a pointless endeavor, preparing for it is only proper.
John’s publisher Wylie has fast-tracked his book, and we look forward to its release. Watch for it on www.Amazon.com
Moe Lane
PG DeFreese
Victoria Coates
Daniel Horowitz
Dan Spencer
Fiat money! Gold Standard!!
NightTwister (Diary) Wednesday, January 18th at 5:28PM EST (link)Oh, sorry. Looks like the new term is metallic money standard. Doesn’t really have the same ring to it though.
The best argument against democracy is a five-minute conversation with the average voter. – Winston Churchill
If we'd only had a MMS, 911 never would have happened.
mbecker908 (Diary) Wednesday, January 18th at 5:30PM EST (link)It was planned by the Federal Reserve.
Gold is fiat currency.
jakeofalltrades (Diary) Wednesday, January 18th at 5:39PM EST (link)It matters not what they print it on.
The important point is to keep the value of the $ stable
carolina Wednesday, January 18th at 5:50PM EST (link)Greenspan testified before congress that he ran monetary policy “as if we are on a gold standard”. He did a fair job of keeping the $ stable at $350 per oz of gold for most of his career. He went off the rails when he let deflation occur in the late 90′s – when gold went down (and the $ up) to $250/oz. He realized his mistake (finally) and gold was back to $350/oz in Dec 2003.
Greenspan caused the housing crash when he kept raising rates, even after the yield cured inverted…… and then Bernanke continued that mistake, and made some new ones. Now look where we are.
Of course oil is going to stay around $100/bbl – because the price of oil/bbl has always been around 1/15 of the price of gold/oz. Next time you fill up be sure to thank Bernanke. It IS all his fault.