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Truth Is The First Casualty Of War; The Currency Is The Second...

Truth Is The First Casualty Of War; The Currency Is The Second... Authored by Nick Giambruno via InternationalMan.com, “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”  — Ernest Hemingway Thanks to the fiat currency system, governments at war can tap into a nation’s savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted...
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