Oxford Hayek Society talk followed by Q and A

Detlev at Oxford Hayek Society

The Oxford Hayek Society invited Detlev to give a talk at Christ Church on 14th May 2013. This was followed by a lively discussion afterwards ... … [Read more...]

The true significance of the $1 trillion coin

dollar sign sinking in sea

Under President Obama the debt of the United States government has grown by about 50%, and now stands at close to $16 trillion. Every year, the US government spends between $1.2 and $1.5 trillion more than it takes in. Every day that financial markets are open the US government has to borrow an additional $4 billion. The pathetic fiscal cliff ‘compromise’ of last week has proved the most cynical students of the political elite correct in that there is not a snowball’s chance in hell that Washington will ever get this under … [Read more...]

“Watching your money disappear” – Speech to senior representatives of the UK pension fund industry

money symbols getting sucked into a vortex

 Last week I spoke at the Open Forum Seminar organized by the European Pension Fund Investment Forum (EPFIF). The event was held at The Magic Circle, an organization for magicians that runs a theatre and a museum in London, both dedicated to the art of magic. Hence, the title of the seminar “Watching your money disappear.” Below is a transcript of my speech. Needless to say – but I say it anyway – the views expressed below are mine and not those of the EPFIF, any of the pension funds or any other speakers present at the … [Read more...]

We are on the road to serfdom

Road

We are now five years into the Great Fiat Money Endgame and our freedom is increasingly under attack from the state, liberty’s eternal enemy. It is true that by any realistic measure most states today are heading for bankruptcy. But it would be wrong to assume that ‘austerity’ policies must now lead to a diminishing of government influence and a shrinking of state power. The opposite is true: The state asserts itself more forcefully in the economy, and the political class feels licensed by the crisis to abandon whatever … [Read more...]

Detlev on the Keiser Report – Boom & Bust Vicious Cycle

Detlev Schlichter on Keiser Report 27 Sept 2012

Excerpt from The Keiser Report (E346) with Max Keiser and Stacy Herbert on which Detlev appeared on September 27th. “Max talks to Detlev Schlichter, author of Paper Money Collapse about quantitative easing to infinity, Central Banking 'devils' and the future for the gold standard.” … [Read more...]

Happy interventionists: The economists’ attack on your property

Brueghel's painting "Paying the tax"

Last week, the Deutsches Institut für Wirtschaftsforschung (DIW), or German Institute for Economic Research, an influential think tank, proposed an ingenious solution to the Euro Zone debt crisis. The German government should issue a Zwangsanleihe, a compulsory bond that every German with savings of EUR250,000 or more should be compelled to underwrite with 10 percent of his or her own money. Such measures could help the German state grab another EUR230 billion in resources from the private sector to support its bailout … [Read more...]

The separation of money and state

IMF headquarters

"So what do you think should be done?" I often get this question after I presented my case against our fiat money system, and I sense there is a trace of frustration in it, a bit along the lines of, you are telling us that we are in quite a mess but you offer no policy prescriptions. That is a fair point, I guess. Most writers who lament the economic ills of our time usually have a bag of policy advice on offer. Indeed, whispering new policy ideas into the ears of those in power is what most of these writers aspire to. I … [Read more...]

Why gold is my favourite asset

1 kilo gold bar

I hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am expressing my personal opinion here. I do so with honesty and conviction, without a personal agenda - I am not trying to sell you anything - but with some good arguments, hopefully. However, it is still an opinion. Nobody knows what the future will bring. I don't know what will happen to the gold price in the next week, the next month or for the rest of this year. I don't even know what 2013 will … [Read more...]

Please don’t call this capitalism!

Eurotower in Frankfurt

Surprise, surprise, the Euro Zone debt crisis is back. Or was it never gone? As yields on Spanish and Italian government bonds are heading higher once again, I am reminded of the old saying, you can't fool all of the people all of the time. Not even with a trillion euros. I previously described the relationship between banks and states as that of two drowning sailors who desperately cling to one another, and I still think it is an apt description of the charade that is being orchestrated in Europe and that is already … [Read more...]