Watch the full 27-minute video at http://www.goldmoney.com/howe-turk-interview. Reginald Howe, of http://www.goldensextant.com/, and James Turk, Director of the GoldMoney Foundation, talk about Nixon’s closing of the gold window and the debates over what would replace Bretton Woods. The main alternatives were gold revaluation or floating currency rates.
They discuss how gold revaluation and dollar devaluation happened under Roosevelt. They explain how floating rates and fiat money were the only way to finance the welfare state.
They talk about “Fiat money inflation in France” by Andrew Dickson White and how it was written to argue for post-civil war gold resumption.
This interview was recorded on August 6th 2011 in London.
