What is the underlying cause of the world financial crisis? Per the WSJ, it was the breakdown of the postwar Bretton Woods monetary system and the unleashing of fiat currencies and central-bank printing presses. In 1971, the Nixon administration killed the gold standard. In the early 1980’s, financial deregulation removed barriers to unlimited amounts of … Continue reading "Time to tell OWS and Uncle Sam (Obama): Bring back the gold standard! Stop printing money!"