Has anybody read any old books or papers that explain a long time ago that the federal reserve Fiat “money” credit system was doomed to fail, just like Rome, Spanish empire, the pound the Portuguese, empire, etc., but they knew that they were in the golden age of American dominance with fake fiat money I mean, I suppose it would have to happen after 1933 perhaps after 1971 who knew what else did they know?
Discussion
Has anybody read any old books or papers that explain a long time ago that the federal reserve Fiat “money” credit system was doomed to fail, just like Rome, Spanish empire, the pound the Portuguese, empire, etc., but they knew that they were in the golden age of American dominance with fake fiat money I mean, I suppose it would have to happen after 1933 perhaps after 1971 who knew what else did they know?
If I had to guess, you'd find it in the bibiography of The Creature from Jekyll Island.
There is a book called the twilight of gold that was published before 1971 covering some of those themes.
Breedlove did a multiparty series on it and the guy who is the co-host is really knowledgeable about the book and breaks it down really well.
I co-sign this. That Breedlove series with Lester is one of the greats. Was actually considering a relisten of it the other day.
I remember Mises discussing inflation as a form of destructionism under socialism in book Socialism: An Economic and Sociological Analysis, which was first published in 1922.
The Fed isn't mentioned but I'm sure it could be implied.
Michael Hudson's debt trilogy takes a deep dive into this topic and much more.