Fiat money inflation - in France (1715 - 1799)

Discussion in 'Silver' started by CriticalSilver, Jun 17, 2011.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    This is a historical review of the French revolution by Max Keiser and James Turk, its lead up to and eventual resolution.

    Part 1: The experiment with fiat currency, by John Law, with great parallels to today . . .
    [youtube]http://www.youtube.com/watch?v=7zvNV-vkEzc[/youtube]

    Part 2: The failure of an unbacked, irredeemable currency as the cause of revolution and the return to prosperity via a gold standard.
    [youtube]http://www.youtube.com/watch?v=U4aRuiO1OuQ[/youtube]

    Source: maxkeiser.com

    I would like to personally thank all the contributors to this video for an excellent reminder of what the true causes of social crisis are and what effects result if not remedied.

    "There are a thousand hacking at the branches of evil to one who is striking at the root."Henry David Thoreau

    "Those who cannot remember the past are condemned to repeat it" - George Santayana
     

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