Jump to content
House Price Crash Forum
Sign in to follow this  
inflating

Paper Money In Jeopardy? - Discussed Now Sky News

Recommended Posts

Detlev Shlichter (is that an anagram) of Paper Money Collapse website being interviewed now

I also saw interesting interview the other day with Prof Immanuel Wallerstein, also talking doom on Russia Today

Detlev wants to see us go back to commodity money, he is concerned (to paraphrase) that the end of paper money might be on the horizon

Randall put it to him Von Mises said it all before

I think he's got a book to sell as titled above, not sure who he is

Edited by inflating

Share this post


Link to post
Share on other sites

Commodities are consumed, money is not. You cannot save something that is mostly consumed. Does the proposed money have all the common sense properties that make for good money ? Divisible, fungible, non-counterfeitable , not ubiquitous, not consumed, portable, desirable, durable.etc.

Measure your money against those criteria and see if it measures up better than gold. I bet it does not.

Gold will always return as a clearing currency. It has no equal as money. Commerce may deal in bills of exchange of some form, but in a free market, where people can choose, they will always choose gold as the ultimate currency. Greshams law only works under legal tender laws.

Not enough gold ? There is always enough gold, it is almost infinitely divisible and a unit keeps growing in value.

Share this post


Link to post
Share on other sites
Guest spp

Current Paper Medium of exchange Paper Money Collapse

;)

US Debt Update: $14.86 Trillion; $162 Billion Increase In Three Days; 98.9% Debt/GDP

Ssshhhh

Share this post


Link to post
Share on other sites

This new book by Detlev Schlichter (ex JP Morgan, Wall street, international financier, fund manager etc) is worth a read - http://www.amazon.co.uk/Paper-Money-Collapse-Monetary-Breakdown/dp/1118095758/ref=sr_1_1?ie=UTF8&qid=1317882218&sr=8-1

4195d39GDyL._SL500_AA300_.jpg

Detlev has a website as well: http://papermoneycollapse.com/

Interesting guy.

Stay long on the yellow fella.....

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.