They are saying those that don’t perceive the teachings of historical past are condemned to repeat them.
This is not the primary time that authorities have deliberately devalued their foreign money in determined try and stimulate financial development.
But proper now the world’s central banks — the Federal Reserve, the ECB, the BoJ and the PBoC — are all aggressively increasing their cash provides by inflation & deficit spending.
And they’re quick approaching the purpose the place their solely out there choice to service the increasing pile of debt is to maintain printing — ever extra, ever sooner.
What does historical past recommend would be the end result from these efforts?
And what implications will they’ve for these seeking to protect their wealth?
International investor, entrepreneur and scholar of historical past James Hickman — higher identified by his pen identify Simon Black — delivers thorough and extremely assured solutions to those crucial questions on this new interview.
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