Currency Wars author gives a great interview with The Voice of Russia. Including this interesting tidbit.

Reality Check: German Bundesbank began the process of gold repatriation from the New York Fed and Banque de France. Why are the Germans doing it now? Bill Gross of PIMCO tweeted that this is a sign of mistrust between the world’s central banks. Do you agree with this view?

James Rickards: Yes. As long as foreign gold is left in New York it can be confiscated by the United States in the event of an economic emergency. It is far more prudent for each gold power nation to keep most of its gold at home. A modest portion might be left in London or New York for trading purposes.

Douglas French

Douglas E. French is senior editor of the Laissez Faire Club. He received his master's degree under the direction of Murray N. Rothbard at the University of Nevada, Las Vegas, after many years in the business of banking. He is the author of three books, Early Speculative Bubbles and Increases in the Supply of Money, the first major empirical study of the relationship between early bubbles and the money supply; Walk Away, a monograph assessing the philosophy and morality of strategic default; and The Failure of Common Knowledge, which takes on many common economic fallacies. He is founder and editor of LibertyWatch magazine. Write him.

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