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The Results of Financialization - A Fiat Currency Failure

GordonTLong  ( Original )
DEC 8, 2017

please join Charles Hugh Smith and Gordon T. Long in this 32 Minute video with over 40 slides supporting the above points as well how Millennials, Inequality, and even Bitcoin are playing into the coming Fiat Currency Failure...

Since the US lifted anchor on the Gold Standard in August 1971 making the US Dollar a Fiat Reserve Currency, the US economy has been propelled forward, no-longer tethered to the principles of Sound Money. Unfortunately, the reality is that this sort of political expediency is the equivalent of building a house on a foundation of sand versus solid bedrock, dooming it to be unable to withstand the economic storms and turmoil that inevitably lie ahead.