Currently viewing the tag: "paper money collapse"
The crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may ultimately fail to break into the monetary mainstream. However, on a conceptual level I am willing to call it a work of genius and arguably the most exciting development in the [...]
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The lesson from the events of 2007-2008 should have been clear: Boosting GDP with loose money – as the Greenspan Fed did repeatedly between 1987 and 2005 and most damagingly between 2001 and 2005 when in order to shorten a minor recession it inflated a massive housing bubble – can only lead to short term [...]
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I am usually inclined to encourage the inquiry of the fundamental aspects of money and banking. This is because I tend to believe that only by going back to first principles is it possible to cut through the thicket of widely accepted but deeply flawed theories that dominate the current debate in mainstream media, politics [...]
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Just a quick note to let you now that I will be speaking at the City Book Fair, at the Bishopsgate Institute in the City of London, tomorrow morning at 11 am. The link to the event is here: Link. My friend and fellow Wiley-author, John Butler, will also be speaking, as well as a [...]
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Detlev recently gave two interviews; one to The Daily Bell website and one to Germany’s FINANCE-TV.
Continue Reading →“But there is no inflation!” – This is a statement I hear quite often, sometimes from people who are, in principle, sympathetic to my arguments, sometimes from people who are less so. In either case, those who state “but there is no inflation” consider it to be a statement of fact and one that they [...]
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Friends, I just returned from the Frankfurt Book Fair and am very happy and proud to announce that Paper Money Collapse won the getAbstract 2012 International Book Award. Out of thousands of business and economics book reviewed by getAbstract each year, they awarded the prize for best English-language book to two titles. The other winner [...]
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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.”
Continue Reading →I am very happy and proud to announce that Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown has been shortlisted for the 2012 getAbstract book award. Previous winners include Nassim Nicholas Taleb, Niall Ferguson, Robert Shiller, Bill Bonner, Thomas Sowell and Peter Schiff. The award ceremony will be held [...]
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On August 15, 1971, President Richard Nixon declared that the United States would no longer honour its promise to exchange US dollars held by foreign central banks for gold at a fixed price of $35 an ounce. The innocuous term ‘Nixon closed the gold window’ that is now widely used to describe this act does [...]
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Recent Comments
{ You raise some very good points that go slightly beyond what I was trying to... } – May 20, 9:47 AM
{ Interesting post. That said, and I don't mean to be disrespectful, I don't think it... } – May 20, 12:49 AM
{ How's that prediction turn out for ya? } – May 17, 4:53 PM
{ It is simple. Everyone should be free to choose as money whatever they want. No... } – May 11, 2:11 PM
