Wednesday, 28 January 2009

The biggest bubble in the history of the world.

The title of this post might sound like hyperbole, but it isn't. In 1971 America ceased to exchange Federal Reserve Notes for gold to foreign governments at the rate of $35 per troy ounce. The world of total fiat money was born. In the following podcast, Ron Paul explains why this era is drawing to a close.

www.lewrockwell.com/podcast/?p=episode&name=2009-01-27_093_the_biggest_bubble_in_the_history_of_the_world.mp3