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« US Dollar a Better Trade Than Gold, Silver or the Miners YTD 06 October 2015 | Main | We Have Some Bad News »
Monday
Oct052015

Austerity vs. Hyperinflation: Which Is the Precursor to Revolution?

Posted on October 5, 2015 by 

QUESTION: Mr, Armstrong;

I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems that as you say they are again mixing facts to support a rise in gold with hyperinflation. I am a collector of French monetary history and the paper money came after the revolution not before. Unquestionably, there was austerity prior to the revolution and that seems to be repeating in Europe. Would you care to comment on this issue for it seems they are distorting history once again to sell gold.

Your debut here in Paris was super. It has really made some impact starting a discussion.

PV

 

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