Bernanke’s blind side
The world financial system is skating on thin ice, and that ice can crack at any moment. The instabilities of the global paper money…
Detlev Schlichter
Detlev S. Schlichter is a writer and Austrian School economist. He had a 19-year career in financial markets as a derivatives trader and investment manager during which he worked for J.P. Morgan, Merrill Lynch and Western Asset Management. In 2009 he resigned from a senior position in the City of London to focus exclusively on his first book, <a href="http://www.amazon.co.uk/gp/product/1118095758/ref=as_li_ss_tl?ie=UTF8&tag=thecobcen-21&linkCode=as2&camp=1634&creative=19450&creativeASIN=1118095758"><i>Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown</i></a>.
Divinely comical
“Italy, long a bystander to the euro-zone’s debt woes, was thrust into the eye of the storm on Monday, as investors fled the country’s…
Is hyperinflation inevitable?
One of the major lessons of the financial crisis thus far should be that every bond constitutes credit risk – even those issued by…
Bitcoin, gold and the demise of fiat money
I am intrigued by the Bitcoin experiment – the attempt to launch a virtual currency as an alternative to the current global patchwork of…
Greece should return to a gold standard
Fallacies and Misconceptions about the Greek Crisis One frequently gets the impression from reading the mainstream media that Greece has a monetary policy problem…
The inconvenient truth about sovereign debt
The efforts of our political leaders to socialize the fallout from the financial crisis by means of the balance sheets of the government and…
Why We Are Facing an Inflationary Depression
Is the global ‘recovery’ faltering? Is the United States economy heading for a ‘double-dip’? These are the headlines after recent disappointing economic data releases,…
At Last, the Death of Politics
For over a year now the Eurocracy has tried to put Humpty-Dumpty together again, to somehow restore belief in the solvency of the European…
Gold is not in a bubble; paper money is collapsing
From Paper Money Collapse, 23 May 2011. The widely-read Lex column in today’s Financial Times ran an article on gold ETFs (exchange-traded funds) that…
Beyond Repair – This will not have a happy ending
The main problem with having discussions about economics and financial markets is this: People look at these complex phenomena through entirely different prisms; they…