First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/11/17/fiat-currency-overlords-are-feverishly-buying-gold-002629
In 1715, France was on the verge of collapsing. Taxes were raised to unprecedented levels to pay for war losses. France began defaulting on its outstanding debt. The French feared for the future and fled to gold and silver for shelter. While the French people turned to gold and silver, the French government turned to John Law to solve its problems. Law was a Scottish exile after killing a man in a duel.
