I am very happy and proud to announce that Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown has been shortlisted for the 2012 getAbstract book award. Previous winners include Nassim Nicholas Taleb, Niall Ferguson, Robert Shiller, Bill Bonner, Thomas Sowell and Peter Schiff. The award ceremony will be held [...]
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On August 15, 1971, President Richard Nixon declared that the United States would no longer honour its promise to exchange US dollars held by foreign central banks for gold at a fixed price of $35 an ounce. The innocuous term ‘Nixon closed the gold window’ that is now widely used to describe this act does [...]
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First, I would like to draw your attention to two upcoming events. For those of you who are in or near Zurich next week, I will give a presentation in German about Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown on Tuesday, July 3, at an event that [...]
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UK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps to ease the funding for banks and allow them to extend more loans. If these measures were hoped to instil confidence they must be classified as a failure. We have lived [...]
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Last week I was a guest on the Keiser Report with Max Keiser and Stacy Herbert on RT. Here is a link to my interview.
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To answer this question is not straightforward. As the gold-sceptics keep reminding us, gold pays no coupon and no dividend, it does not offer a running yield, so traditional measures of ‘fair value’ do not apply. But gold is money, and just as the paper ticket in your wallet does not pay interest, neither does [...]
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I hate to give personal investment advice. So please do me a favour and do not treat the following as investment advice. I am expressing my personal opinion here. I do so with honesty and conviction, without a personal agenda – I am not trying to sell you anything – but with some good arguments, [...]
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This is a question that was posted to me by a journalist who has read my book and is following this website. He suggested I make it into a blog. This essay is not directly about the fiat money crisis so it might at first look a bit “off message”, but I guess for everyone [...]
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Just a quick heads-up for those of you who are in London this week: On Thursday, 26th January, I will speak at an event at the Adam Smith Institute with the title “Monetary Reform & the Eurozone Crisis”. The other speakers are Brendan Brown and Andrew Lilico. It kicks off at 6:30 pm and should [...]
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On Monday, 16th January, I will be one of four guests on Andrew Marr’s show Start the Week on BBC Radio Four. The programme will start at 9 am. There are a couple of ‘listen again’ facilities available, and the programme will also be published as a podcast. The other guests are The Economist’s Philip [...]
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Recent Comments
{ Feeding a little conspiracy theory ... considering a four-year schedule, put aside the gold standard... } – Sep 27, 3:20 PM
{ Federico, apologies for the slow response. You make a very good point. Banking systems in... } – Sep 27, 3:15 PM
{ Mr Schlichter, excellent article. I agree with previous comments to a great degree as well.... } – Sep 27, 9:16 AM
{ Richard Fisher, President of the Dallas Fed, and a member of the FOMC of the... } – Sep 27, 3:50 AM
