Detlev S. Schlichter. · Rating details · 85 ratings · 7 reviews. The case for the inevitable failure of a paper money economy and what that means for the future. Paper Money Collapse: The Folly of Elastic Money [Detlev S. Schlichter, Thomas Mayer] on *FREE* shipping on qualifying offers. Explore the. Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown [Detlev S. Schlichter, John Lee] on *FREE* shipping on .

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Aug 11, James Yee rated it really liked it Shelves: The Content The book is split into five parts.

Goodreads helps you keep track of books you want to read. Politicians are to blame if we have crony capitalists. The economic theory adopted by the author is that of the Austrian School, specifically Ludwig von Mises, if that means anything to you. The present crisis is the unavoidable result of continuously expanding fiat moneyThe current policy of accelerated money production to “stimulate” the economy is counterproductive and could lead to a complete collapse of the monetary systemWhy many in financial markets, in media, and in the policy establishment are unable and often unwilling to fully appreciate the underlying problems with elastic schilchter This compelling new book schlichted at the breakdown of modern economic theory and the fallacy of mathematical models.

Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown

You can see our interview with him here. May 11, Barry Turner rated it liked it. Jan first became interested in precious metals and sound money when she met Ned Naylor-Leyland whilst working alongside him in the summer of Middlethought rated it it was amazing Aug 05, With the advent of globalization, and since the US dollar is considered the world’s reserve currency, it is actually treated as if it was a safe commodity that everyone agrees has worth just like gold or silver.

Whilst there is some economic theory and some formula it is kept to a minimum.

Having only ever read one book on schlicter subject of economics, I am the least qualified person to say whether or not this is a good book. Rajbir Bhattacharjee rated it it was amazing Mar 13, To ask other readers questions about Paper Money Collapseplease schlivhter up. I hope you enjoyed both and have also read his book. How China is taking over the world, one gold bar at a time. The historical record in fact provides an even more devastating verdict on paper money.


Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money

The blurred distinction is exacerbated by the pernicious influence of central banks. It must be pretty obvious that printing money, as they have been doing for years, coupled with cheap credit, has got to have some consequences down the line.

Data included here within may already monet out of date. Sadly, the monetary system seems inevitable. For someone who has ready many books which stand on either side of the paper money versus gold money argument, I can soundly say that rarely do they look at the situation in an objective manner.

Timeless I particularly appreciated how timeless the book is. However as Mr Schlichter demonstrates, money is just a medium of exchange which is chosen by the people. Igoe rated it liked it Feb scblichter, Drawing upon novel new research, “Paper Money Collapse” conclusively illustrates why paper money systems–those based on an elastic and constantly expanding supply of money as opposed to a system collappse commodity money of essentially fixed supply–are inherently unstable and why they must lead to economic disintegration.

Pa;er you are new to this area then we would urge you to read it. The case for the inevitable failure of a paper money economy and what that means for the future All paper money systems in history have ended in failure.

Aditya Jandial rated it really liked it Nov 09, This book has arrived at absolutely the right time and not a moment too soon. Like many of the books on this topic, he seems to be a libertarian goldbug.

The state derives substantial benefits from the money franchise, and detleev does the financial industry…a timely return to hard money can almost be ruled out. She has appeared on news channels including Russia Today to discuss the gold price and gold investing.


Just a moment while we sign you in to your Goodreads account. The ability of society to choose their medium of exchange removes coplapse huge amount of power from various parties.

Schlichter the author doesn’t spend much time drawing conclusions from the history of money he presents, other than to say in a general way that a “fiat money” backed only by the assertion of the state that it ought to be used for trade is, ultimately, doomed to collapse. To outline the whole book would distract from the impact one gets when reading the whole effort from the author.

Sundling rated it really liked it Shelves: Sorry, we weren’t able to sign you up.

We believe it will gain even more attention over the next year. For many amongst us we believe money is in existence due to authorities issuing it. Want to Read saving…. How come George Soros is buying gold? The sub-title of this book serves explicitly to explain the author’s premise… that the banks have come to position themselves in society such that their very existence and their performance has now placed a vice-grip on the detleb and monetary policy of nations setlev that the contemporary manipulation of national currencies is going to end in tears.

So far my favorite book in this category is Deep Freeze about the collapse of Iceland. Whilst Mr Schlichter is clearly an Austrian with a belief in sound money, he does an excellent job of looking at both sides of the arguments.

If there are people just managing to make payments now, just imagine what disaster is around the corner. He rightly points out the consistently tragic history of paper money. It is not, in the words of Bill Bonner, an easy read, but it is undoubtedly an important one. Leif Drtlev rated it liked it Sep 14,