Crypto Currencies Are a Symptom of Hyperinflation.

In this report I cover the early market action from London on Monday, July 9th, 2018. I look briefly at the precious metals, the stock market, the dollar and oil.

I also touch upon the subject of hyperinflation and how it is, in my opinion, strongly correlated to the emergence of crypto currencies. I look at the book "When Money Dies" by Adam Fergusson to point out that in Weimar Germany people and businesses resorted to creating their own currencies when confidence in the reichsmark was lost.

I also look at "Fiat Money Inflation in France" by Andrew Dickson White to show how experiments with money printing always fail and also resort to loss of morals in society and increased gambling and speculation.

My conclusion is that the current system is on its last legs and that people need to get out of if and safegaurd their assets be it in precious metals or crypto currencies.