“When Money Destroys Nations: Understanding How Currencies Collapse” by Adam Taggart “The global debt glut, plus the related money printing efforts by the world's central banks to try to stimulate further credit growth at all costs, leads us to conclude that a major currency crisis- actually, multiple major currency crises- are practically inevitable at this point. To understand better the anatomy of a currency collapse, we talk this week with Philip Haslam, author of the book “When Money Destroys Nations.” Haslam is an authority on monetary history, and more recently, has spent much time in Zimbabwe collecting dozens of accounts of the experiences real people had as the currency there failed. This week, he and Chris discuss the process by which a hyperinflationary currency collapse occurs: “In South Africa, there's a river called Suicide Gorge where you can jump off from the top of a series of waterfalls. You jump off each waterfall, and you can then go down to the next.
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