In 1971, when I was a young clerk on the floor of the New York Stock Exchange, the United States ran out of money and defaulted on its debts. That's right, the US ran out of money. How.Well, back then, gold was the money used in transactions between countries. Paper money, like the dollar, was like checks in a checkbook in that it had no value other than it could be exchanged for gold, which was the real money. At the time, the United States was spending a lot more money than it was earning by writing a lot ...

So, we're at a critical time and I want to again um give you my perspective. I'm 75 years old. I'm at a stage in my life where really what I want to do most is to pass along what I've learned over my 50 years of being a global macro investor.And uh the way that I see it is that the world order is changing for logical reasons that have persisted over periods of time. and that to understand what is happening now you have to understand the mechanics behind this and so I wrote this book changing world order and ...