TFMR Podcast #30 - Detlev Schlichter, author of the book, Paper Money Collapse


Earlier on Friday, I was able to visit with economist, author and blogger Detlev Schlichter.

Current events dictated that now would be the perfect time for me to introduce you to Detlev. With the re-introduction of overt QE and the impending American elections, there's a lot of talk currently about Keynesian economics and the supposed benefits of deficit spending and unlimited fiat creation. As a committed Austrian economist, Detlev does a brilliant job exposing the fallacies of these policies as well as highlighting their inherent dangers, not just to the global economy but to individual freedom and liberty, as well.

I'm confident that you'll enjoy this podcast (even though we had a brief, technical glitch at about the 7:30 mark). You should also give great consideration to buying Detlev's book. Read it yourself and then pass it along to friends and family who, as yet, fail to grasp that the end of the Great Keynesian Experiment is truly upon us.


Oct 20, 2012 - 2:01pm

Took some Sunset picture over

Took some Sunset picture over the mountains of Oahu, reposting for those who didn't see. Not world class, but really good. Also, got some Zombie chicks/snorg tee girls, what more could one want in a post? LOL, also appreciate the blog support and visits.

Oct 20, 2012 - 1:53pm

Thanks SilverSurfers!

Works for me! BTW your post the other day about how you got rid of our gun was priceless!!! That takes some serious balls!!!!

Oct 20, 2012 - 10:47am

What a great podcast

I have put Detlev's website on my "must-read" list ever since loyal Turdite Tabberto first linked to his articles some months back- kudos to Tabberto for introducing Turdville to this top-flight intellectual. Double kudos to Turd for getting him for a podcast... a huge "get" for this site.

Two thoughts after listening: 1. my favorite quote was Detlev saying something to the effect of "hard money or gold advocates are absolutely right that gold is a monetary guarantor of personal freedom". Amen, brother.

2. I find it very hard to even comprehend the true amount of "misallocation of capital" we now have in the present system- one could argue that every single pension, government bond, and mortgage, in addition to all of the "on the books" debt carried by both public sector and private sector institutions... ALL of it represents a staggering misallocation of capital. If we think about it in this way, and if we picture what an unwind of this "faux-value" would look like in the real world, then I believe we can see clearly how something like 50k per OZ of gold could come about. Perhaps much, much more than that amount, in fact.

For God's sake, keep stacking.

Oct 20, 2012 - 9:04am

Thanks TF!

Great Podcast. Perfect for listening to on a slow Saturday at work.

Even got one of my my co-workers interested. (musta been the German accent).

Oct 20, 2012 - 8:47am
Oct 20, 2012 - 7:41am

Can't Run Podcast

Anyone else not able to play the Podcast?

Solved. Adblock Plus seems to prevent the TF Podcasts but NOT any of the imbeded videos, which seems strange and is inconvenient because I now have to disable Adblock every time I want to listen to a Podcast.

Oct 20, 2012 - 6:21am


Aggregate Demand is a convenient argument used by government through judicially created PLENARY power to rape and butt-hurt anyone anywhere or anything, even a farmer selling just one kernel of corn, because all them kernels added up have an aggregate affect on interstate commerce. Aggregate demand is probably just what it sounds like, the total demand.

thurd aye
Oct 20, 2012 - 5:58am

paper money collapse,now don't laugh

Even at 76, with untold wealth and the holder of a rare Order of Merit from the Queen, Lord Rothschild has continued to dream.

It is a father’s dream: that his only son Nat might one day lead the world’s most enduring banking dynasty to new heights, repairing an old family schism and burnishing its blue-chip image to even greater brilliance.

Today Jacob Rothschild is a bitterly disappointed, even angry man, as his son and heir fights to save his own dwindling reputation and, with it, the first soiling of the proud Rothschild name in centuries.

Read more:
Ah,shame eh?
Oct 20, 2012 - 5:35am

Webbot Project

Possibly a little out there for some readers, I think this is worth listening to in tendem with TF's interview:!

Maybe 'cock-up or conspiracy' is too narrow a field of vision? Anyway, Clif says to keep your eye on this paedophile news breaking in UK and the financial fall-out from it, something us bloggers have been watching for some while.

Oct 20, 2012 - 1:42am

Cock-Up or Conspiracy?

I just cannot buy in to this theory that these people just had hold of the wrong economic theory. Lots of news coming out in UK at the moment about those in positions of power and their nasty habits, exposed recently here by M&S. Please take time to listen carefully, then report back as to whether today's financial situation was innocently caused:

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
8/11 8:30 ET Producer Price Idx
8/12 8:30 ET Consumer Price Idx
8/13 8:30 ET Initial jobless claims
8/13 8:30 ET Import Price Idx
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Unit Labor Costs
8/14 8:30 ET Cap Ute and Ind Prod
8/14 10:00 ET Business Inventories

Key Economic Events Week of 8/3

8/3 9:45 ET Markit Manu PMI July
8/3 10:00 ET ISM Manu PMI July
8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
8/5 10:00 ET ISM Service PMI
8/6 8:30 ET Initial jobless claims
8/7 8:30 ET BLSBS for July
8/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 7/27

7/27 8:30 ET Durable Goods
7/28 9:00 ET Case-Shiller home prices
7/29 8:30 ET Advance trade in goods
7/29 2:00 ET FOMC Fedlines
7/29 2:30 ET CGP presser
7/30 8:30 ET Q2 GDP first guess
7/31 8:30 ET Personal Income and Spending
7/31 8:30 ET Core inflation
7/31 9:45 ET Chicago PMI

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment

Forum Discussion

by argentus maximus, 6 hours 12 min ago
by argentus maximus, 9 hours 28 min ago
by jack3617, Aug 7, 2020 - 5:51pm
by Titus Andronicus, Aug 7, 2020 - 5:13pm
by jack3617, Aug 7, 2020 - 5:06pm
by Steve S, Aug 7, 2020 - 1:59pm