Interview with Michael Dresser’s radio show Dresser After Dark which airs in 30 states and several countries.  We discuss The Great Credit Contraction.

 

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Appearance of Trace Mayer as a guest judge on Business News Network’s Stars & Dogs with Andrew Bell and Boyd Erman.  The topic of discussion was Potash Corporation.  I agreed with Mr. Bell, the bear, and gave a price signal of 3-5 ounces of gold for 100 shares and discuss Potash Corporation in depth.

 

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Appearance on Contrary Investors Cafe.  The topic of discussion was my new book The Great Credit Contraction.  During this interview I discussed the differences between money, money substitutes and illusions which can all be currency.

 

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The Great Credit Contraction Book is now available.

THE GLOBAL ECONOMY IS BUILT ON A DERIVATIVE ILLUSION. As the great credit contraction grinds on, the importance of performing accurate mental calculations of value will become more and more important. Every major country, including the United States, uses a fiat currency illusion as its legal tender. Even more troubling is that the world’s reserve currency—the United States Federal Reserve Note Dollar (FRN$)—is a currency illusion. This system is evaporating before our very eyes. This book describes the background leading to this evaporation, which I call the Great Credit Contraction, sorts through complicated economic nomenclature, determines the root causes of the credit contraction evaporation, and suggests ways to maintain wealth during this global economic crisis.

This book opens by discussing the development of money in the market. Understanding the historical landscape will provide the reader a perspective of where we currently are and what is likely to happen to the market in the future. To date, the development and rise of fractional reserve banking has perpetuated the inflationary credit expansion. During this process, fiat currency has risen to dominance with the culmination of FRN$ as the world’s reserve currency.

In summary, this book is an autopsy of the current worldwide monetary and financial system beginning with a brief overview of financial history, the current great deflationary credit contraction, and
projecting the future environment. It concludes with suggestions on how to generate and preserve wealth in this challenging time, and the appendix contains a deeper analysis of important topics.

Get a copy today!

 

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The US equity markets continue to crash when priced in either gold or silver. Silver backwardation continues. The great credit contraction continues.

 

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