Fri, 5 December 2014
John Butler first came on FSN in January of 2012 making the then outrageous claim that the world was headed for the reimposition of a gold standard. It's nearly three years later and things are getting interesting. John believes that Russia should start backing its paper, both debt and currency, with gold to reverse the negative effects that the sanctions and currency wars have had on the Ruble. We all know that they've got the gold to do it, but are the willing to give up control over their monetary policy? Is any country? The Swiss recently refused, will the Russians decide otherwise?
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