02/02/2016

Gold - Willem Middelkoop with Grant Williams

This is an interesting interview.  If you are interested in monetary policy, reserve currencies, currencies and debt; you will enjoy this interview.  I enjoyed the discussion.

"But we know Plan A - the current financial system - will end soon, we can't go on this way... so we need a monetary reset... and a revaluation of gold has helped central bankers in the past, such as Roosevelt in the 1930s. It would help to restore the balance sheet of The Federal Reserve."

But there are problems...

"It always ends in inflation.. certainly in 2016, we can expect more QE... and when that does not defeat deflation (driven by global over-indebtedness), further unorthodox measures will be taken (helicopter money).. and eventually a gold revaluation."


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