The Money Bubble
In 1944, the US led other countries in putting together the Bretton Woods system, in which most currencies were pegged to the dollar, and the dollar was pegged to gold.
In 1971, however, the US defaulted on this system, rendering the dollar no longer redeemable for or fixed against gold. After that, all currencies rapidly fell vs gold, and along wit
... See moreLyn Alden • Economic Japanification: Not What You Think
South Sea to sell to the public and make a nice profit. If the shares were purchased at £200 they were now worth more if the price continued to rise and were sold at some point. Seeing the price rise would lure more creditors to convert their shares and more people to buy in. Everyone would win only if the price kept rising. But how could the price
... See moreRobert Greene • The Laws of Human Nature
Today, interest rates are exceptionally low and the growth outlook for advanced economies is modest at best. This leads us to conclude that the question is when markets will start putting pressure on governments, not if.
John Mauldin • Endgame: The End of the Debt SuperCycle and How It Changes Everything
In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)
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