There was a beautiful symmetry to last week’s policy announcement by the Fed. Precisely a week after the ECB had pledged its commitment to unlimited purchases of Euro Zone government bonds, the Fed declared that its new round of debt monetization – ‘quantitative easing’ or QE3 – would be open-ended. Unlimited, open-ended. The concept of [...]
Continue Reading →For those that missed it: Detlev Schlichter addresses the Adam Smith Institute Tuesday 22nd November, 2011. He argues that the present financial crisis is far from over; generally misunderstood and misrepresented, it is far from being a ‘crisis of capitalism’. Detlev traces the history of failure of paper money systems and lays out why present [...]
Continue Reading →On Tuesday 13th December Detlev appeared on RT interviewed by Max Keiser for the Keiser Report: World Currency War 1.
Continue Reading →The world financial system is skating on thin ice, and that ice can crack at any moment. The instabilities of the global paper money economy are evident everywhere. In Europe, the debt crisis is picking off one euro-member after another like the protagonists of a teenage horror movie, leaving us in no doubt what the [...]
Continue Reading →Gordon Brown as the next head of the IMF? What a splendid idea – at least as long as Charlie Sheen is not available. No seriously, the despicable, interventionist IMF and the unpopular etatist Brown – a perfect match –perfect, I hope for further discrediting the global paper money bureaucracy, the new political elite lording [...]
Continue Reading →The public pronouncements of politicians and central bankers are singularly unhelpful for understanding what is going on in the real world. As a general rule, these officials struggle under the weight of problems and predicaments that are almost exclusively of their own making. Either they have no grasp of how their actions are really related [...]
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Detlev Schlichter { You raise some very good points that go slightly beyond what I was trying to... } – May 20, 9:47 AM
Mary Contrary { Interesting post. That said, and I don't mean to be disrespectful, I don't think it... } – May 20, 12:49 AM
mike { How's that prediction turn out for ya? } – May 17, 4:53 PM
Juraj { It is simple. Everyone should be free to choose as money whatever they want. No... } – May 11, 2:11 PM
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