Our Money Is Dying
By Chris Martenson
GoldSeek.com
Tuesday, 10 July 2012
A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets?
As every effort to re-inflate and perpetuate the credit bubble is made, the words of Austrian economist Ludwig Von Mises lurk ominously nearby:
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner, as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency system involved.
Because every effort is being made to avoid abandoning the credit expansion process — with central banks and governments lending and borrowing furiously to make up for private shortfalls — we are left with the growing prospect that the outcome will involve some form of “final catastrophe of the currency system”(s).
This report explores what the dimensions of that risk are. It draws upon both historical and modern examples to try to shed some light on how the currency collapse process will likely unfold this time around. Plus, we’ll address how best to avoid its pernicious wealth destroying effects.
When Money Dies
The Rest…HERE
