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Paper Money In Jeopardy? - Discussed Now Sky News

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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

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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.

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Current Paper Medium of exchange Paper Money Collapse


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


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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


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

Interesting guy.

Stay long on the yellow fella.....

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  • 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%

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