Hey, everybody. Welcome back to the What Is Money Show. I am sitting down again today with Mr. Lester.

And we're going to be diving deeper into this book, The Twilight of Gold.

And I'll open by reading an excerpt here that I think really highlights the importance of gold as a base layer operating system,

perhaps is the right analogy, to a lot of human action in the world, whether we

realize it or not. The authorites quote, the gold standard in the classical sense was part and

parcel of an economic order. It was a keystone of the system of public law, social customs, and institutions that

rested on what appears in perspective as virtually unlimited freedom of consumer

choice, business enterprise, and markets, unquote.

So this is something I've gained in my study of monetary history is that like gold is foundational to a lot of this socioeconomic reality that we take for granted.

Even, you know, something as simple as crossing the street when the little hand lights,

which is to a man walking light, like those rules are enforced by a monopoly of force

that rest upon gold at its foundations.

So it's not something a lot of people are aware of.

Can you explain that for me? Well, sure. So if a, you're abiding by the rules of a city,

essentially, those rules are enforced by the police. That police force is nested within the

military. The military is nested within the geopolitical order. And the primary asset of the geopolitical

order is gold, right? The reason the United States is the superpower is because we have

the most gold in the world. And we use that to fund the most dominant military in the world.

So I've come to see a lot, you know, a lot of human history as people fighting over the gold, which, you know, as I think it was Rothschild said, give me the power to issue a nation's currency and I care not who makes its laws.

It's like he who has the gold makes the rules kind of thing.

Yeah. he who has the gold makes the rules kind of thing. Do you feel like gold still has that power?

Well, China is today both the biggest net buyer and producer of gold.

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