It’s our currency, but it’s your problem.
– U.S. Treasury Secretary John Connelly to European Finance Ministers, 1971
Today’s post will cover a topic that consumed my thoughts for many years, but one I haven’t discussed much lately. Namely, the terminal nature of a global financial system being propped up artificially by central bank shenanigans.
First, it’s crucial to understand that at the very core of our global economy is a financial system dominated by the U.S. dollar. The USD is a fiat currency directly backed by nothing, the supply of which can be arbitrarily altered and manipulated by a group of unelected bureaucrats in charge of the Federal Reserve. This money system represents the most powerful tool of centralized power on planet earth.
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