John Butler – QE and a Misesian crack up boom

Episode 124: A few hours ago Alasdair Macleod chatted with John Butler, author of The Golden Revolution (Wiley, 2012) and the Amphora Report investment newsletter.

John briefly details his motives for writing The Golden Revolution before the discussion moves onto the latest knockdown in gold against the current news stories regarding global demand.

From weak hands to strong, from West to East, from paper to physical, once a floor is found and the physical supply becomes tight, both Alasdair and John agree that the market will then start to clear at higher prices.

John then shares his view on the effects of quantitative easing in the US and questions how much of the stimulus is actually sustainable and advises one to look deeper into the economic indicators for the real picture.

Alasdair asks John whether he thinks bubbly asset prices are because of bank depositor fears.

It all makes one wonder what is real, what is perception management and are we already on the road to a Misesian crack up boom?

This podcast was recorded on the 16th of May 2013.

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Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

One thought on “John Butler – QE and a Misesian crack up boom”

  1. Hey there, my name is Andra and I’m a fellow blogger out of Nideraach, Switzerland. I like what you guys are up to. Coming upon Finance And Economics

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