An Empire Needs Unfettered Money

Never would the lumpeninvestor have imagined that all the great economic and market events of the past five decades found their inspiration in the same place and time: at the hands of Nixon’s henchmen in the early 1970s. What was their crime? Breach of contract? Theft? Fraud? Counterfeiting? It was all those things. They breached the solemn promise of five generations of U.S. Treasury officials and set in motion the worldwide credit bubble of the pax dollarium age. Oh, how the trend has picked up speed today.