Exploring gold’s traditional role as the anchor of financial systems, Willem Middelkoop traces the secret war against it to the 1960s, when central banks across the US and Europe agreed to pool their gold reserves in the London Gold Pool. He then outlines the history of gold-backed currencies and today’s state-issued money that has no value in terms of an objective fixed standard. These fiat currencies have allowed many governments to print huge numbers of bonds to finance their budgets. But Middelkoop warns that piling debt on to balance sheets is nota sustainable way to revive the world’s economy: ultimately, he argues, it will lead to a collapse and a subsequent reset of our global financial system.
“This is a wonderful history and description of gold and it would be in everyone’s interest to understand it’s conclusion.”
Eric Sprott, CEO, Sprott Asset Management
“An outstanding book about the coming transfer of the economic world power due to the decline of the world supremacy of the United States. Written from an economic point of view it leads to the same result as in the famous book of Samuel Huntington The Clash of Civilizations. Willem Middelkoop’s best book so far.” Louk de Wilde, former CEO Fortis Switzerland
Willem Middelkoop http://www.willem-middelkoop.nl/ is a successful entrepreneur/investor and author of four books on investing and economics. He is founder of the Commodity Discovery Fund and a bestselling author who has been writing about the world’s financial system since the early 2000s. Between 2001 and 2008 he was a market commentator for RTL Television in the Netherlands and also appeared on CNBC. He predicted the credit crisis in his first bestseller in 2007. In total he has sold over 100,000 books.
January 2014 paperback, 264 pages ISBN 9789089645999 Euro 19.95 / £14.95 /US$ 14.95
Available from bookstores worldwide and directly from www.aup.nl http://en.aup.nl/books/9789089645999-the-big-reset.html