Farewell To Yet Another Failed Monetary System


The following article was penned by Egon von Greyerz of GoldSwitzerland.com and is fitting reminder of the implications of what happened 50 years ago today.

The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money.

Economic history tells us that we need to focus on two areas to understand where the economy is going – INFLATION AND THE CURRENCY.

These two areas are now indicating that the world is in for a major shock. Very few investors expect inflation to become a real problem but instead believe interest rates will be subdued. And no one expects the dollar or any major currency to collapse.

Anyone who has been waiting for the coming gold price explosion, might not have long to wait.