The Big Reset
War on Gold and the Financial Endgame
Distributed for Amsterdam University Press
Exploring gold’s traditional role as the anchor of financial systems, Middelkoop traces the secret war against it to the 1960s, when central banks across the United States and Europe agreed to pool their gold reserves in the London Gold Pool in an attempt to control the gold price and, thereby, to support the dollar. He then outlines the history of gold-backed currencies and today’s fiat currencies (state-issued money that has no fixed value in terms of an objective standard). Recently, fiat currencies have allowed many governments to print huge numbers of bonds to finance their budgets. But Middelkoop warns that piling debt onto the balance sheets of central banks is not a sustainable way to revive the economy. Ultimately, he shows, this process will lead to a collapse—and subsequent reset—of our worldwide financial system.