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Search Results for: schacht
The U.S. Economy Is Rigged
Always and again the magic of money presents us with problems. These problems change constantly. Time after time experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands … Continue reading
How to return to sound money
Introduction There has been very little commentary in recent years about the benefits of sound money, being limited almost entirely to followers of the Austrian school of economics. Even less has been written about how to back out of inflationism, … Continue reading
Time to Get Out the Wheelbarrows?
Another Look at the Weimar Hyperinflation It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty. You could buy nothing with your paper money. ~ Harvard University law professor Friedrich … Continue reading
The German Hyperinflation, 1923
In the mid-1960s, money manager George J.W. Goodman began to write a series of irreverent and witty columns for New York magazine under the borrowed name of capitalism’s founding theorist, Adam Smith. As “Adam Smith,” Goodman went on to write … Continue reading
WEIMAR: The Story of the Devastating Currency Collapse That Still Haunts Europe Today
Weimar Germany after World War One went through one of the worst hyperinflations in history, unleashing untold horrors on the German people and their economy. Memories of Weimar still haunt the eurozone today. The European Central Bank, widely considered to … Continue reading
The Federal Reserve Cartel: Part I: The Eight Families
(Part I of a five-part series excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers in the Persian Gulf ) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four … Continue reading
