Mike Maloney forecasts what’s next for money, markets & bitcoin
by Adam Taggart
Chris Martenson’s Peak Prosperity
The composition of the US dollar, including what it is backed by, has been replaced many times throughout America’s history. And another replacement is currently underway, warns monetary expert Mike Maloney.
After President Nixon fully severed its ties to gold, our government leaders have increasingly relied on expanding the currency supply to paper over (quite literally) today’s problems at the expense of the dollar’s purchasing power tomorrow.
As Mike explains in his excellent video series Hidden Secrets Of Money, such willful debasement of the currency by furtive and shortsighted politicians is nothing new. Over thousands of years, since the Romans intentionally progressively shrank the silver content of their coins, history is replete with such examples.
And now 2020 has arrived. The Federal Reserve’s response to the pandemic-induced economic slowdown has unleashed more ‘thin air’ creation of new dollars than ever seen at any prior moment in history:
21% of all US Dollars have been printed in 2020