Money Mayhem - The Bewildering Consequences of Cutting Money Free

John Looby

Summary

The world changed on 15 August 1971. After almost a quarter of a millennium broadly tied to gold, the money of the world was cut free. The consequences have been dramatic and far-reaching. The United States is now in the unprecedented position of being the issuer of an unanchored global reserve currency. By contrast, and however reluctantly, the rest of the world is now in the unenviable position of being the forced user of the unmoored US dollar. Developments as disparate and apparently unrelated as the outcome of the Cold War, the accelerating pattern of boom, bubble & bust, and the stunning rise of China stem directly from that historic, and historically recent, decision. Since that seminal night in the White House, we are all hostage to a compellingly incentivised and bewilderingly diverse money creation machine, effectively unhindered from exploiting a stacked heads I win / tails you lose relationship with the rest of society. Contrary to much conventional economic thinking, the accelerating pattern of boom, bubble & bust should be little surprise as the political and monetary authorities in whom we trust are little more than impotent accommodators of an unmoored monetary mayhem beyond their control; a mayhem, in truth, beyond any control.

Available since: 07/21/2018.

Other books that might interest you

Southern Weddings - New Looks...

Tara Guerard

From the  Southeast's preeminent wedding designer, Tara Guérard, comes Southern  Weddings: New Looks from the Old South. This unique book puts  readers on the most coveted guest lists to the most spectacular events,  and goes behind the scenes for an insider's look at how these glamorous  affairs come to be. 
Southern Weddings showcases 10 splendid weddings, and shares the  tools-and tricks-of the trade Tara has learned from over a decade of  working in the event world. Each of the weddings featured in the book  are beautiful, yet markedly different from one another-from a seaside  soirée to country club chic to rustic plantation. Each section is  peppered with behind-the-scenes shots of Tara and her crew as they work  their magic. With secrets, tips and advice galore, practical how-tos and  easy-to-digest text paired with stunning photography, Southern Weddings  is destined to become the classic resource for brides who wish to  capture the entertaining traditions of the Old South with a decidedly  modern flair. 
Southern Weddings features an extensive resource section with info on:    Caterers    Cake makers    Wedding dresses and designers    Floral designers    Room design and layout    The details that make the event

Show book

Rethinking Medical Ethics -...

Jean-Pierre Clero

In this unique study, Jean-Pierre Clero examines medical ethics from a philosophical perspective. Based on the thoughts of great philosophers, he develops a theory of medical ethics that focuses on the values of intimacy.

Show book

Inflation Protection! - How To...

K. K.K.

INFLATION PROTECTION!How To Protect Your Wealth, Counter Inflation & Make Profit! BONUS: Comparing Bitcoin & Gold!Do you want to protect your well earned wealth?Do you want to counter inflation?Do you want to make profit? 
If that is the case - THIS AUDIOBOOK - is the right one for you! 
Inflation is an ongoing problem for the central banks - worldwide. This comes true not just for countries like Turkey, but also the United States of America and Germany. 
Inflation simply means that the purchasing power of your money is decreasing constantly! 
Thinking of Hyperinflation in the Weimar Republic in the 1920s:>> The ones who were prepared were the ones who protected their wealth & made profit!  
1971 the so-called Nixon shock caused a tremendous chance. The exit from the Bretton-Woods-System meant the beginning of a whole new chapter in the financial world. If you want to understand these systems and want to use it for protecting your wealth: 
This is the right audiobook for you! 
In this audiobook you will learn:How you can counter inflation with goldThe importance of gold globallyHow you can maximize profits with the help of gold minesThe difference between gold and silver investmentsThe pros and cons of purchasing physical precious metal (bullion) 
The goal of this audiobook is to inform you - no financial advice!Buy this audiobook now & successfully counter inflation!

Show book

The Soul of the First Amendment

Floyd Abrams

The nation’s most celebrated First Amendment lawyer“explores the American right to free speech in this thoughtful and concise volume” (Publishers Weekly). The right of Americans to voice their beliefs without government approval or oversight is protected under what may well be the most honored and least understood addendum to the US Constitution—the First Amendment. Floyd Abrams, a noted lawyer and award-winning legal scholar specializing in First Amendment issues, examines the degree to which American law protects free speech more often, more intensely, and more controversially than is the case anywhere else in the world, including democratic nations such as Canada and England. In this lively, powerful, and provocative work, the author addresses legal issues from the adoption of the Bill of Rights through recent cases such as Citizens United. He also examines the repeated conflicts between claims of free speech and those of national security occasioned by the publication of classified material such as was contained in the Pentagon Papers and was made public by WikiLeaks and Edward Snowden. “Abrams’s engaging and plain-spoken reflections will be of interest to those already steeped in constitutional law as well as young readers curious about the nation’s founding ideals . . . For Abrams, one inescapable truth applies across the history of First Amendment disputes. To allow the government to determine whose speech can be regulated . . . is, as [his] fascinating history shows, literally to play with fire.”—The Wall Street Journal “He dives into historic and contemporary controversies that test our adherence to these principles, noting, ‘Speech is sometimes ugly, outrageous, even dangerous.’”—The Washington Post

Show book

Listen to HSK2

Letitia Wu

Are you looking to ace your HSK2 exam? Good news! Introducing Listen to HSK2. This audiobook contains all the 170 words you need to know for the HSK2 exam. With 17 audio files and 10 words in each, you’ll never miss a vocabulary word again! Each word comes with its English translation, example sentence and the English translation of the example sentences. Our expert teacher reads each example sentence twice – the first time slowly, to enable easier pronunciation and imitation, and the second time quickly, to help you practice your comprehension of normal-speed Chinese speaking. All this packaged together into one neat and convenient audiobook! Learn with us! Don’t let HSK2 get in the way of your progress. Our professional, yet witty, materials are the perfect way to enhance your learning experience. With Listen to HSK2, no one is left behind. Make Listen to HSK2 your go-to audiobook and get closer to success.

Show book

Million Dollar Barber Pole - A...

Justin Robert

This audiobook by Justin Robert is a short journey through the barbering/education Industry. With expert guidance and useful tips it is a must listen on your road to success!

Show book