Intro

So I've decided that this would be the best way to convey my thoughts on what's happening in the world today.  Hopefully someone will get some benefit out of it and pass the word around.  If I thought things would just correct themselves, or that what's happening right now in the financial world was no big deal, I wouldn't bother doing this blog.  I also wouldn't bother trying to spread the word of my interpretation of events from my own thoughts or through sharing of the thoughts of other smart people out there who's opinions I value.  But the devil is always in the details, and the details are pointing to something much larger than the world going through a recession.

Never in the history of the known, recorded world, has there ever been a more inter-connected world economy than right now.  Never in the history of the known world has there been the world economy using fiat currency (basically Monopoly money).

The fiat currencies across the globe have been debased/devalued for years now.  Even historically strong currencies who pegged to hard assets (think Swiss Francs) are starting to devalue their currency and peg to other currencies.  This has and will lead to inflation of the world currencies, and a lot of it.  

So what is Currency?  Currency is what we call money.  But what is money?  Is it a Dollar, Euro, Peso or is it something more?  What determines it's value?  What's the world reserve currency?  What does that even mean?  These are the topics I will cover in my next post and how that affects all of us.