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Alasdair Macleod: The emerging evidence of hyperinflation
By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, October 1, 2020
In last week's article I showed why empirical evidence of fiat money collapses are relevant to monetary conditions today. In this article I explain why the purchasing power of the dollar is hostage to foreign sellers, and that if the Fed continues with current monetary policies the dollar will follow the same fate as John Law's livre in 1720.
As always in these situations, there is little public understanding of money and the realisation that monetary policy is designed to tax people for the benefit of their government will come as an unpleasant shock.
... Dispatch continues below ...
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The speed at which state money then collapses in its utility will be swift.
This article concentrates on the U.S. dollar, central to other fiat currencies, and where the monetary and financial imbalances are greatest. ...
... For the remainder of the commentary:
https://www.goldmoney.com/research/goldmoney-insights/the-emerging-evide...
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Wednesday-Saturday, October 14-17, 2020
https://neworleansconference.com/wp-content/uploads/2020/09/NOICChrisPow...
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