Goldmoney’s Alasdair MacLeod joined us today. Japan and Europe are an absolute mess. The US isn’t much better. Right now the question is whether the Swiss are going to pass their referenda, key among them which would require gold backing of the Franc and break the Euro peg. Of course the elites want no part of it, which is what makes it so interesting. Polling data shows it being defeated, but who conducts those polls again? Alasdair believes that the upshot of the recent G20 meeting is that monetary policy has run its course and that any further stimulus will have to be done fiscally. What effect it will have is another story.
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