Charles de Gaulle – Monetary Crisis Ghost of 1965

If you really look closely at world history, it is pretty clear that every 30-40 years, there is always a change in the monetary system.

For us here in the U.S., our last 4 monetary systems have been:

1. Classical gold standard until WWI (all physical gold/silver)

2. Gold exchange standard between WWI and WWII (paper receipts completely redeemable into physical gold)

3. Bretton Woods System 1944-71 (paper receipts that were only partially backed by physical gold)

4. World Dollar Standard 1971-Present (Nixon cut the last tie to gold, and the world went completely into paper backed by nothing). The Swiss were the last country to abandon gold in 1999.

As Mike Maloney at GoldSilver has noted, history has proven that no man made monetary system can account for all of the forces and debt accumulation in the free market…eventually, the pressure becomes too much, and the system begins to crack.

If you analyze where we’re at now, it’s been exactly 41 years in our current monetary system. And in 2008, the cracks began to show…Just like in other historical examples, all we’ve done (and we continue to do) is continue to inject more liquidity into the system, which is the equivalent of pouring water into a boat that has holes in it.

Watch Charles de Gaulle eerily predict this very breakdown back in 1965:

And it’s no wonder de Gauelle could forecast this so brilliantly – he clearly understood his country’s history, especially the years leading up to the French Revolution. See below:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: