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Thursday, May 3, 2012

The 9 Stages Of Global Monetary Breakdown...

The 9 Stages Of Global Monetary Breakdown

Gregory White

The Ludwig von Mises Institute has published a timely portrayal of what, they consider, the downfall of the global currency system.

It all starts with the world straying from the gold standard, and ends in the currency war we're experiencing today.

The explanation certainly has perspective, and is not without its biases or faults, but we've summarized the 9 steps to monetary breakdown exerted from Murray N. Rothbard's What Has Government Done To Our Money.

You can check out the lengthy excerpt here http://mises.org/daily/4728, but we've broken down the 9 steps for you in the following slides.

Link to slide show:
http://www.businessinsider.com/stages-global-monetary-breakdown-2010-10#phase-i-the-classical-gold-standard-1815-1914-1

Link:
http://www.businessinsider.com/stages-global-monetary-breakdown-2010-10#

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