by Alasdair MacLeod
Gold Money
This is an open letter to Boris Johnson about the inflationary consequences of the global action against the coronavirus with which his government is conjoined, and the policies he will have to implement to protect the pound from a collapse in its purchasing power.
Dear Prime Minister
An exit strategy from the domestic and global monetary debasement arising from the combined economic effects of the coronavirus and a downturn in the credit cycle
Clearly, you have little or no alternative to your policies to rescue the nation from the coronavirus plague currently afflicting all nations. While it is common to describe it as a war, a more apt description would be it is like a civil war, driving people apart with lasting social consequences. But least understood by nearly everyone are the consequences for money and credit and how to remedy them, which are the subject of this letter.