A Monday Morning Musing from Mickey the Mercenary Geologist
by Mickey Fulp, The Mercenary Geologist
In the aftermath of the global economic crisis of 2008-2009, governments throughout the world have fostered a tenuous recovery predicated on massive increases in money supplies and debasement of currencies.
Note however, that monetary debasement is not a recent phenomenon; it is simply the natural life cycle of money.
There are six well-defined stages in the life cycle of money. This progression has occurred in every dominant civilization over the 5000 years of recorded human history: