I heard this guy interviewed. It sounds like an interesting read. https://www.amazon.com/One-Nation-U...s&ie=UTF8&qid=1498744780&sr=1-3&keywords=gold Here is a transcript of the interview. I'm sure there is a podcast available also. http://www.npr.org/2017/06/26/53440...es-americas-obsession-with-one-precious-metal
Frankly, I think most of America is slow to the dance. I believe this will be one world under gold, and most of America will be left wanting to bail out of depreciating paper assets (bonds, stocks, annuities, currency). China and Russia are doing their utmost to make sure that is the case. The rest of the world views the domination of world exchange settlements by the USD as inherently unfair, and quietly prays for its demise. By the time everyone realizes what's happening, it will be too late to do anything about it.
Everyone's economy is to closely tied to the USD for that to happen under the current circumstances. The people may want that but most governments of the developed world are smart enough to realize the very large and very real economic ramifications that would mean for them as well.
A plausible response from those who don't want to believe in the vulnerability of the USD, but when the G7 welcomes the Renminbi to the SDR, effectively promoting that currency to international reserve currency status amongst trading nations, that doesn't reflect disbelief on the part of those major trading nations. They are cheering China from the sidelines in an impending currency war. Unless the USA tightens its belt and erases its monstrous debt voluntarily, the debt will be erased by inflated dollars, worth less to the rest of the world. There are two ways out of our predicament . . . there's our way, and their way . . . both of which will be painful, but only one allows us control of our own destiny.
World reserve currencies with one except always has and always will be based on military might. Regardless we are the largest importer of basically everything in the world. Very few if any industrialized nations will want to take the hit they would have to for the USD to collapse. China's economy is also no where near as strong as they tried to show it and that secret has been out for a while. We've essentially been trading protection to allies for the ability to have debt. Europe doesn't have to pay for a massive military because we do ect. Nuclear weapons changed everything there are no more comparables to the past to today. Will that change one day, almost certainly but it won't be in any of our lifetimes as long as we don't gut our power.
The collective European nations have been brought to their financial knees these past several years. Of the true industrial giants in Europe, only Germany remains a truly strong player, and China's overtures to Germany over the past decade have been quite persuasive. Despite the perceptions of many, China remains misunderstood . . . while they did not grow the independent consumerist economy that they endeavored to, that was only because the earnings of their citizens were largely diverted an outsized / failed real estate boom. They will soon resume the same mission. It is not my wish to see this happen, but I am a realist, have worked in China, and I think I understand their approach rather well . . . both the common man and the government-connected industrialists. The Chinese play the long game, and will recover far more completely than anticipated, once they return to that goal.
I believe that Americans are more likely to sell their country short economical survival wise than to look deeply at other countries directions, not only debt/resources , but one should also consider ecological/population balances. China tried with their now disfavored one-child families, to improve ecological food survival, but then they then didn't have enough manpower becoming available for the future, so now the balance could swing the other way, need for more food imports themselves. Some day, every countries food-water-air quality-population, health, will be more important than metallic backing of currency, JMO.
I think that promise is vanishing as well, and really how much gold is in fort Knox if any at all ? if it,s there why hide it, the speculators want to know !
According to the author there is 4000 tons there. When FDR banned private ownership of gold people sold their gold to the govt. and they had to put it somewhere.
