Currency War: 140 Years of Monetary History In Ten Minutes

Tyler Durden's picture

From "why did Nixon sever the link between currencies and gold?" to "is war good for the economy?" Mike Maloney's tour de force through 140 years of gold, silver, and monetary farce is indispensable as major parts of the world enter a de-dollarization phase. As Jesse noted here, after listening to this presentation, one can surely understand why the central banks both fear and covet gold. It resists their wills, but has a natural tendency to be seen as money. Money is power, after all, and greed will too often refuse to relinquish any power or claim willingly, even to its own destruction. The American abuse of financial power for political purposes is causing a bifurcation in global finance, along the expected fault lines, and it will be interesting to see how that develops. Maloney's bottom-line, we are overdue for a new monetary system.