John Pugsley, is chairman of The Sovereign Society , author of numerous books and reports on economics, investment and politics, and former editor of John Pugsley's Journal. Mr. Pugsley's first book, Common Sense Economics (1974), sold over 150,000 hardcover copies. In that book he accurately predicted the inflationary explosion that followed the final US abandonment of the gold standard in the early 1970s. In 1980, his second book, The Alpha Strategy, correctly warned that the United States would experience "the largest deficits in the history of the nation in the next five years" and showed investors how to protect themselves.