Download Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown AudioBook Free
Detlev Schlichter makes the case for the inescapable failure of your paper money market, and explains to us what which means for the future. All newspaper money systems ever sold have concluded in failing. Either they collapsed in chaos, or society returned to item money before that could happen. Drawing upon novel research, Newspaper Money Collapse conclusively illustrates why newspaper money systems - those based on an stretchy and constantly growing supply of money instead of a system of item money of essentially set resource - are inherently unstable and why they need to lead to economic disintegration. These highly questionable conclusions clash with the present consensus, which keeps that elastic state money is more advanced than inflexible item money (such as a gold standard), which growing money is harmless or even good for as long as inflation stays low. Contradicting this, Newspaper Money Collapse shows that:
- The present turmoil is the unavoidable result of continually growing fiat money
- The current insurance policy of accelerated money production to "induce" the market is counterproductive and could lead to a complete collapse of the financial system
- Why many in financial market segments, in media, and in the insurance policy establishment are unable (and frequently unwilling) to fully appreciate the fundamental problems with stretchy money
