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Wednesday, October 6, 2010

Gold Standard

History of the gold standard and what we must understand to predict what governments will do to all currencies. http://burndownthefreakingmission.com

Amplify’d from www.lewrockwell.com

To understand
the current monetary chaos, it is necessary to trace briefly the
international monetary developments of the 20th century, and to
see how each set of unsound inflationist interventions has collapsed
of its own inherent problems, only to set the stage for another
round of interventions. The 20th-century history of the world
monetary order can be divided into nine phases. Let us examine
each in turn.

Read more at www.lewrockwell.com
 

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