"IOU Nothings" Currencies: The Biggest of All Economic Delusions.
Description: #fiatcurrency #money #soundmoney #gold #silver #johnexter #federalreserve #debt #commoditymoney #storeofvalue #centralbanking #steemleo
Today I will look at John Exter's speech to the American Institute for Economic Research in Great Barrington, Massachusetts back in 1972 where he coined the term "IOU Nothings".
Even though this presentation was given almost 50 years ago I feel it is more important than ever to comb through it very carefully as Central bankers around the world conducted the most dangerous and reckless experiment in the inflation of the national fiat currencies.
John Exter's "IOU Nothings" presentation pdf file: https://www.pdf-archive.com/2011/09/1...
Scott Minerd of Guggenheim on the Fed: https://www.guggenheiminvestments.com...
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