Paper Money Collapse was the 2012 getAbstract International Book Award Winner! ‘...An excellent introduction to the dangers of our current monetary system.′ (therealasset.co.uk, January 2012)
From the Inside Flap
The recent financial crisis has exposed the instability of our financial system. While there is plenty of talk of reform, few commentators are yet willing to consider that the root cause could be the transition from commodity money to limitless paper money, although the track record of paper money systems is uniformly discouraging: Throughout human history, all paper money systems have either collapsed in chaos, or society has returned to commodity money (usually based on gold) before a total currency disaster occurred. This book shows why this was the case and why this is also the choice we are facing today. Drawing upon ground breaking new research, Paper Money Collapse conclusively demonstrates why paper money systemsthose based on an elastic and constantly expanding supply of money, as opposed to a system of commodity money of essentially fixed supplyare inherently unstable and why they must, by their very nature, lead to economic disorder. These highly controversial findings clash with the general consensus that elastic state money is superior to inflexible commodity money, and that expanding money is harmless or even beneficial as long as inflation remains contained. In an engaging style based on extensive study and analysis, this compelling new book exposes the fallacies of mainstream macroeconomics and debunks erroneous conventional wisdom. It explains why many people working in financial markets, in the media, and in policy establishment positions are unable (and often unwilling) to fully appreciate the underlying problems with elastic money and the danger it presents. Paper Money Collapse shows in the starkest terms that the recent crisis is far from over and that the solutions presented by the advocates of paper money around the world are misguided and inherently flawed, in particular the current policy of accelerated paper money production to "stimulate" the economy. If these policies are continued, a complete currency catastrophe will be inevitable. An absolute must–read for economists, individual investors, and anyone with an interest in finance, Paper Money Collapse will change the way you think about our financial systemand about how to take control of your own financial future.