| From Balanced Trade To Globalization |
| | When Money ceased to be backed by Gold five decades ago, our economic system began to function very differently than it had up until then.
Capitalism began to evolve into Creditism.
One key element of this transition involves International Trade.
Specifically, when Gold was Money, international trade had to balance. When Gold ceased to be Money, it no longer did.
The importance of this change cannot be overstated.
It set off the greatest global economic boom in history.
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| | For all the details, Macro Watch subscribers can log in and watch “From Balanced Trade To Globalization” now. The video is 12 minutes long and offers 26 slides that can be downloaded. It is the third video in the Creditism 101 series.
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