Detlev Schlichter: Monetary Authorities will try and paper over our problems with ever increaing fiat money supply
Detlev Schlichter recently appeared on the Keiser report to talk about the monetary problems faced around the world. The take-aways are:
- There is a policy of ‘repression’ at the moment
- Interest rate suppression is being undertaken, essentially holding interest rates below the inflation rate to inflate the debts away
- Capital controls will be technically difficult
- Domestic banks are being ‘asked’ to buy up their own government’s debt
- This is kicking the can down the road and is a ponzi scheme
Related posts:
- Detlev Schlichter on Sky News: We are getting close to the collapse of paper money
- Gold price rises as fiat paper money experiment reaches 40 years
- Detlev Schlichter: Last week in Europe – Some thoughts on the ongoing crisis
- Some commodities are born great, some achieve greatness and some have FIAT Monetary Systems thrust upon them
- Knowledge Problems vs. Incentive Problems in the Financial Crisis
Link to this article: : http://www.goldmadesimplenews.com/gold/detlev-schlichter-monetary-authorities-will-try-and-paper-over-our-problems-with-ever-increaing-fiat-money-supply-7120/
Posted by Thomas Paterson on Jun 14 2012. Filed under Analysis, Gold News, Interviews.
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