Posted on 02/01/2016 3:14:38 PM PST by blam
Tyler Durden
February 1, 2016
Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn't), Middlekoop asks (rhetorically) -can the global credit expansion 'experiment' from 2002 – 2008, which Bernanke completely underestimated, be compared to the global QE 'experiment' from 2008 – present? - the answer is worrisome. In the following must-see interview with Grant Williams, he shares his thoughts on the future of the global monetary system and why the revaluation of Gold is inevitable...
(snip)
And now today, Middelkoop has some even more ominous concerns about the end of Plan A and where Plan B begins...
"By revaluing gold to a much higher level, to over $8000 an ounce, central bankers solve quite a lot of problems"
17:00 - "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...
21:00 - "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."
(snip)
(Excerpt) Read more at zerohedge.com ...
If gold (a mere commodity) is ‘revalued’ then that means the dollar has been devalued.
Ho Hum. Another “gold to the moon” article.
It’s not gold that will be revalued...it’s the dollar. Gold hasn’t changed in thousands of years. Every paper currency in history has eventually reached its intrinsic value of zero.
Truth, Justice, and the American Way.
Soon to outlaw currencies.
Waited too late. Should have bought gold back when it was in the 1880s.
When gold is at $8,000, it will be on the way to gold at $8,000,000.
IOW, a dollar crash to zero.
What's that saying, one ounce of gold will always buy you a nice suit no matter how much time passes; not so with paper money that becomes worthless over time.
“If gold (a mere commodity) is ‘revalued’ then that means the dollar has been devalued.”
Like it or not, it is not a mere commodity. It has been the universal foundation of money for a couple of millennia. It has held its value perfectly with the price of things around us since that time.
It’s a poor investment, but a fine store of value.
So yes, it does mean that the dollar has devalued. I doubt it will be 8000 an ounce. But if it did, that would mean dollars were like Weimar marks. The gold can be saved until the drama ends and then converted into the new currency.
You can assume gold at $8000 means all hell breaks loose on the world’s financial front, including the dollar.
I suspect not many people are going to be buying nice suits (or Colt Single Action revolvers, the other yardstick) if gold actually goes to &8000.
[Waited too late. Should have bought gold back when it was in the 1880s.]
Well, there was always 1863. Of course, I think this is illegal. <:o
https://www.youtube.com/watch?v=WowT4Cumgc8
My concern is that if the dollar flops then the government will try to round up all the gold and silver from people who’ve been buying it as a hedge.
Just like FDR did in the 1930’s.
Good post! I wonder how much a Big Mac will cost when gold is at $8,000?
If gold goes to $8000 or higher, society will be too dangerous to spend it. The have-nots will attack the haves.
I have heard this 8000 gold price for decades. I am still waiting. I have some gold that would be easily turned in if we get to 8000. I have a feeling we’ll never see that.
I’ve been thinking about buying some more silver.
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