The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Friday, January 20, 2012

The Ascent of Money by Niall Ferguson

Non-Fiction Friday!


One of my all time favorite books, and my first true dabble in recreational reading of history, The Ascent of Money is an amazing account of the development of currency. The book adequately describes different types of financial systems and financial cycles.

Ferguson aslo connects significant historical events with related financial cycles. Money is a huge part of our world, and it matters what happens to it. Our fiat system is inherently flawed and in danger of failure. All financial systems have failed in the past and ours will too. The question is when?

History repetes itself. Can we learn from our past mistakes? Can we study history and make an educated guess on the future? I believe so, but never will enough people do so to break from of the cycle known as the condition of man. However, by knowing the past we can prepare for the future.

The Ascent of Money is a must read for a financial survivalist. There are no options here. One of my favorite books, I give it a 10!

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