Economic history could be our best guide to what’s next for the global currency system.
What is the sequence above? What specific, dramatic, event might it foretell?
Prizes for a correct answer may be provided by the financial markets (provided you have positioned yourself to profit from your prediction).
Clue: the ‘J’ stands for ‘genius’. (Sorry, I don’t recall who told that joke).
Another clue: the ‘M’ stands for ‘Milhouse’ as Richard Milhouse Nixon.
Final clue: Simon Mikhailovich points out that US Presidents ocassionally shock the world by announcing sudden dollar devaluations: “In 1933/34 FDR devalued USD by 70%+ via overnight devaluation. In 1971 Nixon went full fiat, which devalued USD by 65% via the 70s inflation”.