So if you check out those you’ll get a pretty good understanding.
However if you’re someone who prefers to learn via watching and listening then this week we stumbled across an old video that does give a pretty good overall view of the monetary system over the past century or so.
The video was actually put together by a now shut down bullion dealer in the USA – Merit Financial. So even though it appears they were a bit “dodgy” to say the least, the information contained in their video is pretty solid. So don’t go hunting out Merit Financial as they no longer exist!
The video covers:
The classical gold standard
The impact of WWI and WWII
The transformation to the “Bretton Woods” standard
Nixons severing of the final link to gold of the US dollar
The current “Dollar Standard” and its inherent problems
It’s only 20 minutes long and a decent enough history lesson if you need some gaps filled in.
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