Thu, 3 May 2012
John Butler, author of The Golden Revolution, has been getting a lot of publicity and has made numerous appearances around the media circuit since our last interview. FSN can proudly take credit for being one of the first to recognize John's tremendous contribution to the gold standard debate. As John said, "This book begins where Jim Rickard's Currency Wars ends." John also had much to discuss about who's reading his book and what people are saying.
When you write a book, or reach out to the public to try to explain complicated economic and political issues, you're never sure if you're going to have an impact. However, when the Chairman of the Fed, The Ben Bernank, takes time out from his busy day to blast the gold standard, something is happening, and that something is a debate. When Nixon closed the Gold Window in 1971, there was never a debate about the possible impact of such a move. Rather, just like gold confiscation, it was done by executive fiat. This failure to debate the consequences of such hasty, pragmatic actions, has done untold damage to the world financial system and the US dollar and standard of living.
The debate, while long in coming, will soon be fully engaged.
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