In this report, I cover the early market action from London on Friday, May 24th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look into the nature of our current monetary system and how it actually isn't a monetary system at all but a credit based system where real money does not actually change hand. I talk about the day I realised the system was rotten and how it has led me to look deeper into the nature and history of money.
I also recommend a classic book by Murray Rothbard entitled "What Has Government Done to Our Money" as a way to learn about how money evolved and where we are now in terms of our monetary system.
I conclude the report by looking at some quotes on money by some famous people in business and finance.
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