Wednesday, August 15, 2018, was the 47th anniversary of Richard Nixon’s Aug. 15, 1971 announcement that he was taking the dollar off the gold standard, which de facto meant the destruction of the post-war Bretton Woods system. This opened the floodgate…

The Western monetary system is hanging by a thread. The immediate panic in Turkey, Argentina and elsewhere eased slightly today, but the problem is not localized to one or more crisis points — it is systemic, the result of the past ten years’ refusal t…

The Western monetary system is hanging by a thread. The immediate panic in Turkey, Argentina and elsewhere eased slightly today, but the problem is not localized to one or more crisis points — it is systemic, the result of the past ten years’ refusal t…