![]() ![]() ![]() My objective is simply to put where we are in perspective of history and bring us up to date. While the evolution of empires and currencies is one continuous story that started before there was recorded history, in this chapter I am going to pick up the story around the year 1600. ![]() In this chapter, I will review the rises and declines of the Dutch, British, and American empires and their reserve currencies and will touch on the rise of the Chinese empire. In Chapter 1 ("The Big Picture in a Tiny Nutshell"), I looked at the archetypical rises and declines of empires and their reserve currencies and the various types of powers that they gained and lost, and in Chapter 2 ("The Big Cycle of Money, Credit, Debt, and Economic Activity") and its appendix ("The Changing Value of Money") I reviewed the big money, credit, and debt cycles. ![]() Additionally, if you want a simple and entertaining 30-minute explanation of how what a lot of what I'm talking about here works, see "How the Economic Machine Works," which is available on YouTube. Past chapters from the series can be found here: Introduction, Chapter 1 and Chapter 2. Note: To make this an easier and shorter article to read, I tried to convey the most important points in simple language and bolded them, so you can get the gist of the whole thing in just a few minutes by focusing on what's in bold. ![]()
0 Comments
Leave a Reply. |