Saturday
Last Tuesday Detlev Schlichter gave another talk, one of several that he is doing around now in various parts of the world, on Paper Money Collapse. Last Tuesday's talk was organised by the Adam Smith Institute. I attended this talk and can vouch for the fact that the audience was such that it was standing room only by the time it started, partly thanks (or so I was told the following day) to this City AM report of an interview that they recently did with Schlichter.
This talk is now available for viewing on video, a fact which I learned at Libertarian Home, thanks to a posting there by Andy Janes, who describes it as having been "very impressive, if terrifying". Indeed. You can watch it there. It lasts just under fifty minutes.
Great stuff there. Highly recommended. Thanks for posting the link.
Posted by Laird at November 28, 2011 06:56 AM
This talk is unanswerable.
So that is what the elite will do - they will not answer it. They will IGNORE the evidence and arguments presented.
Just as they (the Economist, the Financial Times, Bloomberg....) did not even review (let alone refute) such books as Thomas Woods' "Meltdown" about the current crises.
Even as I type this Detlev Schlichter's words are being confirmed - the Central Banks of Canada, the United States, Britain, Japan, and Switzerland are engaging in "coordinated" antics - with the full support of the elected governments of these countries.
This is not a failure of a particular Central Bank or a particular political leadership.
This is the failure of the fiat money (and credit money) SYSTEM.
I will say what I have said before - I now hope the collapse comes as quickly as possible. There is no hope for reform (none). So it is best to get the agony over as quickly as possible.
Let the system go - both the monetary system, and the academic system (the system of ideas) that produced and supported it.
Posted by Paul Marks at November 30, 2011 03:24 PM
