Guest Article: Gold, Credit and the Coming Financial Collapse, by Hubert Moolman
Since 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored. The last time there was a decline close to this magnitude,there was a sharp deflationary recession. That was the one that occurred from 1920 to 1921. Below, is a long-term chart of the Monetary base that goes back to 1918: During the 1920-1921 recession the decline in the monetary base eventually made it into the broader money supply and this caused a significant drop in price levels (between 13% and 18%) …