TFMR Podcast #22 - John Butler, author of "The Golden Revolution"

222

Of all the podcasts I've recorded, this is certainly one of the most important.

Our pal, Ned Naylor-Leyland, introduced me to John Butler a few weeks ago. I'm grateful that he did because John's new book, "The Golden Revolution", is the most important book that I've read in quite some time. At just 200 pages, the book neatly summarizes the history of global sound money, the circumstances surrounding the exit of the previous gold standard and the likely events that will effect and implement the next, global gold standard. Read this book and you will begin to understand how and why this new gold standard is inevitable.

I implore you to purchase this book for yourself and/or someone else. Father's Day is right around the corner and it would make a terrific gift, too. Most importantly, John's book is indispensable in the preparation for the end of The Great Keynesian Experiment and you simply must read it.

  222 Comments

May 25, 2012 - 3:58pm

Yes, 2 podcasts

Please utilize the 3-day weekend to listen to them both.

Anonymous
May 25, 2012 - 4:02pm

Removed comment

Removed comment.

mapleleaf
May 25, 2012 - 4:02pm

Second

Beat by the Turd himself. I'm honored.

Anonymousmapleleaf
May 25, 2012 - 4:03pm

Removed comment

Removed comment.

pickaxe
May 25, 2012 - 4:19pm

No sound

Mmm... not hearing anything - technical difficulties?

May 25, 2012 - 4:32pm

Works for me

Turn up the volume?

Magpie
May 25, 2012 - 4:36pm
Be Prepared
May 25, 2012 - 4:59pm

Rocking it... like always....

Two amazing podcasts at one time.... your microphone must have been red hot. Although, I think Jim was doing most of the talking on the last one... :-)

Steinbacken
May 25, 2012 - 5:06pm

Day of ranting in favor of fair silver trading

If I take 1oz of Ag bullion to a reputable, official coin shop to exchange for '64 dimes, how many dimes will I walk out with, today?

This is a very simple example to demonstrate where the inefficiencies of the economy lie. This is a silver-to-silver trade! All I want is some 'change'! I was promised that during the last election!!!!

- High taxation (retail purchases in CA ~10% State tax); Federal taxation on gains, of course, etc.
- High premiums (iliquidity measure)
- Little competition due to barriers to entry, regulatory compliance, secret 'you have to show your ID to pay with cash, now, sorry, please help me to stick a boot up yer a$s for making a purchase of a REAL assets', etc.
- Two-way transaction losses, because PM's aren't 'money', etc.
- Any rational 'barter' is de-facto illegal, since in a closed system of barter w/out $USD, there would be no $USD to pay the mandatory taxes.
- BS arguments trying to convince me that ten cents of fiat BS and impurities in my 'silver' coin actually deserves any premium at all!
- Transaction fees, spreads, other fees, interest on loans in some cases, the real cost of market manipulations, and other losses perhaps per jurisdiction elsewhere, etc.
- Post-investment fines, surprise taxes, registrations, mandatory 'education' qualifications, fire code violations, arrests, confiscations, imprisonments, or outright theft when they can't kill the newbie legally, etc. for those ignorant enough to try to actually enter the market and thus create competition and innovation.

This is a great benchmark to weigh either new taxes on PM, or the alleviation of restraints on progress! Tell your congressional b-a$s-tards, and maybe a few would be willing to raise the argument in defense of liberty!

Worse of all, get ready for more demonization of the transaction and those involved in it, not the return to rational trade! This will happen now.

ARGH@!

pickaxeTF
May 25, 2012 - 5:13pm

Microsoft - at your service?

Turd, laptop needed a reboot!

Thanks for checking.

~pickaxe

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

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