Paper Promises

Just read this:

In brief, the message I gathered is : We are in deep shit - And that's an understatement!

It talks about the departure of the gold standard, Bretton Wood system and how we end up like this. Rather pessimistic. But we should see it coming. Everyday we are confronted with the rising prices of the things we buy,  and of our assets (This may not be a good thing) . The debt incurred is unsustainable! Argg...

Listen to what the author says in an interview here:
 


 I would also like to refer to another book I read, and a its related video  - The Ascent of Money
http://ykwee.blogspot.sg/2011/12/i-never-knew-financial-history-can-be.html

The book is on financial history and I think of it as some sort of prequel to The Paper Promises.