Economia
The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money printing which lead to financial crisis, and ultimately the revolution of a major sovereign nation. More than a history lesson, this article effectively illustrates the road on which the U.S. and many other nations currently travel. The story relayed in this article is not a forecast for what may happen but a simple reminder of what has repeatedly happened in the past. As you read, notice the story lines the French politicians used to persuade the opposition and justify money printing. Note the similarities to the rationales used by central bankers and neo‐ Keynesians today. Then, as now, it is promoted as a cure for economic ills with manageable consequences and where failure to generate a sustainable recovery are thought to be a failure of not having acted boldly enough. Our gratitude to the late Andrew D. White, on whose work we relied heavily. The exquisite account of France circa the 1780‐1790’s was well documented in his paper entitled “Fiat Money Inflation in France” published in‐1896. Any unattributed quotes were taken from his paper.
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Economia
Politica monetária no caminho da Revoluçã Francesa
The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. As a sequel to “Shorting the Federal Reserve”, 720 Global aims to provide an historical example of excessive money printing which lead to financial crisis, and ultimately the revolution of a major sovereign nation. More than a history lesson, this article effectively illustrates the road on which the U.S. and many other nations currently travel. The story relayed in this article is not a forecast for what may happen but a simple reminder of what has repeatedly happened in the past. As you read, notice the story lines the French politicians used to persuade the opposition and justify money printing. Note the similarities to the rationales used by central bankers and neo‐ Keynesians today. Then, as now, it is promoted as a cure for economic ills with manageable consequences and where failure to generate a sustainable recovery are thought to be a failure of not having acted boldly enough. Our gratitude to the late Andrew D. White, on whose work we relied heavily. The exquisite account of France circa the 1780‐1790’s was well documented in his paper entitled “Fiat Money Inflation in France” published in‐1896. Any unattributed quotes were taken from his paper.
Mais
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- Lições Da Hiperinflação Alemã
Submitted by Erico Matias Tavares of Sinclair & Co. Lessons from the German Hyperinflation of the 1920s The German hyperinflation episode in the early 1920s is often quoted as an example of the dire consequences of excessive money printing – a...
- Dinheiro
"The lifeblood of our economy, indeed the whole world's economy, is based on money. Without a currency that can be trusted, the entire structure of economics, the division of labor itself, falls apart. Our wealth, our well being and our very lives...
- Como Funciona Os Moderno Sistema Monetário?
Grande vídeo documentário que presenta "... serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central...
- Crítica Dos Bancos Centrais
Our central bankers are intellectually bankrupt Ron Paul, Financial Times The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices....
- Ouro Nas Reservas Internacionais
tonnes Por centos das reservas internacionais...