Back to the Future
Fiat currencies have short shelf lives. The economic chaos we are experiencing is the natural end of a chaotic, unstable monetary regime.
Here’s how we got here, and why it matters now …
Topic
2 — how we got here
Economic history
Could Putin Pop the Superbubble?
Some core economic realities can help us understand the war in Ukraine and what happens next
Your Problem
Monetary systems are hard to care about until things start going obviously wrong.
50 Years Ago Today
A quick note on a 'golden jubilee'. August 15th 1971 was day the US government refused to pay its debts, fixed the world monetary system in its favour, and blew the US dollar Superbubble we inhabit today.
The Next Financial Crisis Began Long Ago
A quick look at some recent events can help us predict the future of the global currency system.
Our Story Begins
In August 1971 the US government refused to give European central banks gold owed to them. The euro was set up to ensure this would not happen again.