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LEADER 00000cam a2200385Ii 4500
008 140221s2014 ne a b 000 0 eng d
020 9089645993 (pbk.)
020 9789089645999 (pbk.)
082 04 332.0|b23
100 1 Middelkoop, Willem,|d1962-
245 14 The big reset :|bgold wars and the financial endgame /
246 14 Big reset :|bwar on gold and the financial endgame
264 1 Amsterdam :|bAmsterdam University Press,|c
300 261 pages :|billustrations ;|c21 cm
504 Includes bibliographical references (pages 251-257).
505 0 The history of money -- Central bankers: The alchemists of
our time -- The history of the dollar -- A planet of debt
-- The war on gold -- The big reset.
520 8 What is money really worth any more? This study outlines
the rise of 'fiat' money and its associated economic
implications. The author provides enough circumstantial
evidence to claim a secret War on Gold since the London
Gold Pool of the 1960s, highlighting gold's traditional
role as the anchor of financial systems. To combat the
economic fallout of the credit crisis, governments have
allowed their budgetary deficit to increase dramatically.
To redress that imbalance, they then have to sell enormous
amounts of bonds. As investors stop buying bonds, central
banks have to step up to the plate by printing more and
more money. Piling more and more bad debt onto the balance
sheets of central banks is not a sustainable way to revive
the economy. Middelkoop--who predicted meltdown in 2007--
highlights the process as part of our economic endgame
which he predicts will eventually lead to a big reset of
our worldwide financial system.
650 0 Gold standard.
650 0 Currency convertibility.
650 0 Financial crises.