Deflation and the Scramble For Gold During the Great Depression.

#inflation #deflation #credit #reset #money

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With M2 money supply having dropped the most since 1933 we will be looking at what happened then and what is happening today to the financial system, the economy, and the monetary system.

We will be referencing an article written in 1933 for The Times of London by financier Sir Henry Strakosch in which he covers the topic of deflation, falling prices, gold, and the trying economic times of the Great Depression.

His conclusion is that mankind will scramble for the safety of gold during uncertain financial and economic times as it is a commodity that will increase its purchasing power and still be accepted anywhere around the world.