A2A with John Butler, author of "The Golden Revolution, Revisited"

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On Wednesday, author John Butler stopped by to discuss his new book, "The Golden Revolution, Revisited". John has many thoughts on the coming remonetization of gold so you will likely find this discussion to be very informative.

We've known John since his first book, "The Golden Revolution", debuted back in 2012. The five years since have only served to reinforce his ideas and hasten the dawn of a new global financial paradigm, thus this updated and extended release.

Please make the time to give this audio a thorough listen and then do yourself a favor and buy John's book. After you read it, you should pass it along to a friend or family member that needs some advice, counsel and warning about what almost certainly lies ahead.

TF

https://www.amazon.com/gp/product/1535608994/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=tf02c-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1535608994&linkId=798bbe6af8cc2213049266ba7ac1f67a


43 Comments

RickshawETF's picture

Gold !

Primero!  Numero Uno!  Sitting in the front row !

Don't forget to stack . . .

chrtoo's picture

Silver ...

... doing it's usual nonsense, I see, as I drop in for the first time in a week.

Been visiting Alaska (Ketchikan today) on a cruise for some fly-fishing and general bad behaviour. We lucked into the most amazing weather! Even the locals are confirming our good luck.

See you soon, Turdville.

Love,

CHR.

xo

AngryCitizen's picture

Bronze

But I like silver a lot more....

Which reminds me....Where's my truck? TIME TO LOAD UP!

BTFD the man said!

billhilly's picture

Another Marchas...

SNAG ! 

Sorry pal.  In your honor though;

Outback's picture

Winters HERE

put the sleds away, NO dog races till next year.

hurricanes, earthquakes everywhere!

the Fed's keep holding it together. 

HOW LONG JANET????

cowlez's picture

One More Time...

Fellas -- After what happened today, yesterday, last week -- and after what has been taking place over the last month, the last year, and over the last six years -- I think that it has become time (actually, it's long overdue) that we, as a community of precious metals market followers, skeptics of the system as it exists, and true believers in the inherent value of tangible assets, collectively admit that we have finally come to the realization that we are battered wives, and for years have been suffering from battered wives syndrome.

Our husband (corrupt system) beats us, then allows us to clean ourselves up and make temporary improvements, then beats us down again, allowing another brief reprieve. He then promises us it will never happen again and actually lets us believe that with slight-to-moderate improvements in our relationship that maybe things have actually gotten better. Then, just at the moment we least expect it, he brutally beats us down again, leaving us to wonder how this happened, why this happened, and could it be worse next time? Of course, we are helped through the healing process by our husband, propped back up mentally and physically to the point of actual belief that the worst is over, and then the son-of-a-bitch beats us down all over again.

It's never going to end. Our syndrome will always give us the false hope that we've survived the last, worst abuse we will experience, only to allow more severe and frequent beatings to occur in the near- and long-term future. We all have it -- this syndrome -- we are all struggling with it, and we all must admit it. The only way this is going to end is if we kill this son-of-a-bitch. Until our husband (the corrupted metals markets) is whacked, our abuse will continue, get worse, and even end some of us. It's either him or us, and it can't be us. This son-of-a-bitch has to go.

JackPutter's picture

It's only a matter of time.

I wonder if the hackers were connected to some porn site

SEC Chairman reveals financial reporting system was hacked

https://arstechnica.com/information-technology/2017/09/sec-chairman-reveals-financial-reporting-system-was-hacked/

47 Protons's picture

US moving to a gold standard proactively?

Hmmm...  That sounds like a crack addict deciding it's bad for them, and going off the stuff proactively. 

Harley's picture

I'll give it a read

I'm not nearly as optimistic as John, but his research/conclusions are sound: I'll give his book a read.

Ozymandias's picture

Good interview!! On a somewhat related topic

Other than paying the Federal Reserve interest on the currency created, how does what the Algerians are proposing differ from what the U. S. is doing? From ZeroHedge

“”On Sunday, Algeria’s prime minister unveiled a plan to plug the country's budget deficit as the OPEC member state looks to offset lower oil revenue by directly borrowing from the central bank, while avoiding international debt markets. In other words, direct monetization of debt, which bypasses commercial banks as a monetary intermediate, and is better known as "helicopter money."

"If we turn to external debt, as the IMF suggests, we will need to borrow $20 billion a year to repay the deficit and within four years we will be unable to repay the debt," Ouyahia said. “This is what made the government look at non-traditional financing.””

http://www.zerohedge.com/news/2017-09-17/algeria-officially-launches-helicopter-money-amid-sliding-oil-revenue-budget-crisis

Keep stacking ‘cause your gonna need it!!

 

happycamper515's picture

New Nork sanctions sound great for gold

Will only accelerate the move away from USD. 

Turd Ferguson's picture

This is interesting....

MODERATOR
Turd Ferguson's picture

BBG on Lil Kim

MODERATOR
The Wetback Surgeon's picture

Latest I have seen from Rickards

Sounds like he is seeing a stock market correction "sooner than later"

http://www.zerohedge.com/news/2017-09-21/jim-rickards-warns-qt1-will-lead-qe4

i know he is not in favor around here (not really sure why).  But he actually has a pretty good track record, and he is well connected.

Joseph Warren's picture

Sept 23, 2017

Something 'Big' supposed to happen that day ?

I really don't pay any attention to this kinda stuff now

scoremore's picture

This is shocking...

THIS WAS AN NFL GAME TONIGHT!

This is the crowd for the 2nd half kick off 49ers vs Rams

https://twitter.com/annkillion/status/907002090421084162

As a former Charger fan former NFL fan...I freaking love it!

I hope they take it in the shorts!

The Wetback Surgeon's picture

Here's what people are forgetting about NK

Kim Jong Un is a tyrant. His father was a tyrant. His grandfather was a tyrant.

They have cultivated a multi-generational CULT, wherein the citizens literally believe that Kim Jong Il, the father, shot an 18 over 18 holes the very first time he shot a round of golf - even Turd will admit that is quite a feat.

But they literally believe that these tyrants are gods. Which is why they are willing to literally starve on their behalf.

If you really consider this, it is as bad as Stalins Russia.

http://thehill.com/blogs/pundits-blog/foreign-policy/331061-dont-let-north-koreas-nukes-overshadow-human-rights-abuses?amp

It sickens me to see some on the left, so infected with Trump Derangement Syndrome, that they are starting to defend this fat little punk over the duly elected POTUS, simply bc he is of a different party.

infometron's picture

@JW

Something about Revelations XII...

The Revelation 12 Sign is an apocalyptic belief heralding that the time of Jacob's Trouble—also known as the Tribulation Period—may begin on September 23, 2017, a date that coincides with the Autumnal equinox and the end of the Catholic September Ember Days. This theory, which has been promoted by a number of people and news organizations, proposes that a literal fulfillment of the prophecy made in the Book of Revelation 12:1-2[1] will occur on this date over Jerusalem. Others maintain caution while nevertheless marveling at the coincidence.

This passage of scripture in the New Testament metaphorically describes "a woman clothed with the sun, with the moon under her feet and a crown of twelve stars on her head. She was pregnant and cried out in pain as she was about to give birth." (NIV). Many people worldwide believe that an astronomical alignment involving the constellations Virgo and Leo, the sun, moon, and planets Mercury, Mars, Venus, and Jupiter occurring in September 2017 will fulfill this prophecy word-for-word...

https://en.wikipedia.org/wiki/Revelation_12_Sign

Perhaps Dr. P. will chime in on this...?

billhilly's picture

A Rickards fan.

I enjoy Jim Rickards and his insights.  I get the feeling he tells the truth, mostly, and his way of seeing things makes a lot of (common) sense to me.  I trust my own instincts here and am not swayed by what others say about him.  In the end, we must all trust our own guts. 

Same goes for Andrew McGuire...although his timing and enthusiasm need adjustment.

imfd's picture

Rickards and Bitcoin

I`ve listened to Rickards for a long time, I remember he used to be on KWN Saturday mornings circa 2009, that was when I first got interested in PMs, and I have spoken up for him, if not quite defended him, on a few occasions in the past right here at TFMR. But..I have to say, I listened to the latest gold chronicles podcast and when asked about Bitcoin, he goes all (please forgive me) Andy Hoffman in reverse. Andy is a good guy  but both of these gentlemen seem to me to have become too ensconced in their own way of thinking and now refuse to look at new developments with any degree of rationale. Rickards describes people who invest in Bitcoin as scum, he talks as if he has shit better things, that is not rational or good. Rickards sounds panicked, everything he ascribes to bitcoin can mostly be ascribed to gold, ie: if the government disagree with your way of thinking, you are fucked. They can ban bitcoin, they can, and have,banned gold. Bitcoin is used by...etc, you get the idea. I`m not writing Rickards or anyone else off, we  all have something to offer, you can make your own mind up re JR with this link, cheers !

http://www.physicalgoldfund.com/the-gold-chronicles-september-2017-interview-with-jim-rickards-and-alex-stanczyk/

RickshawETF's picture

@scoremore

Wrong!  That was an old game -- the Rams were in banana yellow tonight, and the 49ers in black . . .

The caption under the picture says 3:05PM  September 10, 2017

That was the season opener between SF and Carolina.  Still, pretty shocking turnout for opening day at Levi Stadium!

scoremore's picture

Rickshaw...Ok I stand corrected...

Dated but still freaking hilarious...

But then there is this...and it really is about the game that played tonight...

49ers-Rams tickets reselling for the price of two stadium pretzels

http://www.sfgate.com/sports/article/49ers-Rams-tickets-cheapest-levis-stadium-history-12215863.php

Ok I found one...better... but for the NFL? HAHAHA it is atrocious! Those are 40 and 50 yard line seats...DOH!

https://www.instagram.com/p/BZU087OnKh9/

This is for the freaking Niners!

I will never watch another NFL game because of those carpet bagging scumbags and all of the kneelers!

Blythesshrink's picture

Not what we wanted to see -

Not what we wanted to see - Implied Gold lease rates dropped quite sharply (http://www.goldchartsrus.com/chartstemp/PM4XChartslt.php). I've not checked the inventory, but I'll guess that some tonnage of gold came out of GLD in the last day or so which has made supply a bit easier for the crooks.

happycamper515's picture

re: not what we wanted to see

Those numbers are a farce. For 5 years we've heard about gold being in backwardation and it's done absolutely nothing for higher gold prices. It has absolutely zero correlation to gold prices. 

sander25nl's picture

this should be a gamechanger for gold/comex ,discussed in podcas

www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=323

The Chinese have announced that they have perfected a scheme, to be launched formally in the market by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced" i.e. "purchased" outside of China, for the oil exporters.

Thus, the oil exporters' Yuan will be offered in payment to the so-called "Bullion Banks" in London, who will provide the gold in exchange for Yuan.

We know that this much is part of the plan.

What follows is my understanding of the situation:

The Bullion Banks are the financial entities that control the price of gold by selling futures contracts, i.e. "paper gold", that promise to provide gold at a certain price, to speculators who buy the contracts, and who only wish to make a profit in Dollars on their bets that the price of gold will rise, and do not intend to take delivery of physical gold.

Sometimes the speculators win some Dollars, but the vast majority are perpetual losers, because the Bullion Banks can move the price down at any moment and clear out the speculators who were "long" gold. This game has been going on for years and years.

I suppose that the Bullion Banks are not going to want to accept Yuan, in exchange for the delivery of physical gold. They will first convert their Yuan into Dollars, and the only likely provider of Dollars will have to be the Bank of China, and which, by the way, in any case desires to reduce its Dollar holdings. Thus the Bullion Banks will offer Dollars for gold.

This operation kills two birds with one stone: the oil exporters get their gold from London and China reduces its dollar holdings, which they wish to do.

As I see it, here is where the fun begins.

First, the amount of gold which the Bullion Banks can provide will put a very unusual strain upon them. The Bullion Banks are accustomed to control de price of "paper gold" in such a way that they make it extremely difficult for the holders of "paper gold" contracts to obtain delivery of physical gold.

However, as the Chinese scheme comes into operation, this situation will change: a new purchaser of large amounts of physical gold has come upon the scene. A very upsetting development for the Bullion Banks, never before seen by any of the managers of those banks!

Secondly, the amount of oil that goes to China is enormous; China is the largest importer of oil in the world, eight million barrels a day. Saudi Arabia sells about one million barrels a day to China, for Dollars. If only Saudi Arabia decides to take Yuan and gold for those Yuan, we are talking about one million times $50 Dollars per barrel = $50 million Dollars a day; at $1315 Dollars per ounce, that comes to 38,023 ounces of gold - 1.183 tons - which Saudi would take off the gold market every day. Millions of barrels of oil will have to balance in value against a very limited amount of gold available. 1.183 tons a day means the Saudi will be taking 431.8 tons of gold off the market every year, and they are not the only oil exporters that China is wooing; other oil exporters accepting Yuan payment for conversion into gold, might very easily increase the departure from London of 1,000 tons or more of physical gold, every year, whose destination will be Hong Kong or Shanghai, in addition to the gold London has been providing normally.

Inevitably, the very first operation carried out under the Chinese scheme will produce a noticeable rise in the price of gold. When the Yuan belonging to the oil exporters is offered to the Bullion Banks in London, they will convert the Yuan into Dollars, and their bid for gold will have to rise immediately, and with it, the Yuan price of gold at the prevailing exchange rate.

A higher and rising Yuan and Dollar price of gold, means a smaller and diminishing quantity of gold is exchanged for the oil provided by the oil exporters.

As the oil exporters see that they get less gold for their oil every day, they will all hasten to sell their oil before they get even less gold for their oil. The oil exporters in doubt about this deal, will all pile in to sell oil for Yuan and get gold.

To balance the mass of oil received by China, against a limited amount of available gold in London, it will be necessary for gold to skyrocket upward in Yuan terms, and necessarily, in Dollar terms as well.

In effect, the Yuan will suffer a tremendous devaluation against gold, and so will the Dollar. I cannot imagine at what price the gold/oil trade will finally stabilize, but I think it will have to be at many thousands of dollars per ounce.

Perhaps the Chinese government sees the Yuan devaluation as favorable for China. I have no opinion on that matter. As for a huge devaluation of the Dollar against gold - I leave the consequences to your imagination.

Will China actually carry through with this "Oil-for Yuan-for Gold" scheme?

We shall have to wait and see.

Blythesshrink's picture

Weird - GLD inventory shows

Weird - GLD inventory shows it going up over the last few days:

14-Sep-17  838.64

15-Sep-17  838.64

18-Sep-17  843.96

19-Sep-17  846.03

20-Sep-17  846.03

21-Sep-17  852.23

infometron's picture

@sander25nl Re gamechanger

"The Chinese have announced..."

Have they? Where exactly, I wonder?

Alluded to, no doubt, but "announced"?

8:00 minute mark on...

J Siefert's picture

First...

...day of Autumn smiley

Mickey's picture

Golds gonna be red

before dollar yen is green

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