Is History Repeating Itself with a Fiat Collapse? | John Law and the Mississippi Bubble

300 years ago a man named John Law took control of the French banking system. He issued a fiat currency to stimulate growth and used the currency to buy shares of his Mississippi Company. The Shares were substituted for the French national debt, and the idea was to promote prosperity through artificial money and wealth creation. Not surprisingly, this didn't work. Monetary schemes like this have been tried countless times throughout history, and they never work. They eventually end with a currency collapse, and society reverts to sound money once again. There are eerily similar characteristics to the situation John Law created in France, and the situation the Fed has created for us today. Get out while you can.

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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

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