The collapse of global financial markets is caused by an evolving paradigm shift that is reshaping our world.
The return to parity between the East and West is part and parcel of a greater paradigm shift now underway - a shift that is rebalancing fundamental polarities on a global scale, a shift that is affecting not only global economic and political alliances but gender as well.
- Page 98, How to Survive the Crisis And Prosper In The Process |
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Darryl Robert Schoon will be speaking at Session II of Gold Standard Institute in Szombathely, Hungary in March. Professor Fekete will be the principal speaker and other speakers in addition to Darryl include Sandeep Jaitly, Peter Von Coppenolle, and Rudy Fritsch. The title of Darryl's talk will be The Giant Vampire Squid and its Reception in the East. This is an opportunity to meet these and other experts for learning and discussion in a beautiful environment. For details
Click here.
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Watch Darryl Robert Schoon on SchoonWorks Channel on YouTube.
The Economic Crisis and the Superconscious
A Discussion of Professor Antal Fekete
Will the US Government Confiscate Gold?
The Gold Standard, an interview of Philip Barton by Darryl Robert Schoon
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The ability to wage war on credit gave the West an insurmountable advantage over the East. The West’s credit, however, has now turned to debt and the West has lost its advantage. But the return to parity will not be easy. The three hundred year economic expansion fueled by debt-based capital markets is coming to an end and with it, the hegemony of the West over the East. During that period, debt-based paper money propelled first England then the US to world dominion because of the ability to wage war on credit and to print money ad infinitum.  |

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Predators and parasites recently gathered in Davos to discuss the mounting problems of their prey. All present agreed the problem needed urgent attention. Historian David Hackett Fisher describes this passing era as the period of Victorian Equilibrium. England’s Victorian Equilibrium, however, was built on banker’s credit, a foundation of sand; and like the story of Cinderella where the carriage turns into a pumpkin at midnight, the banker’s credit has now turned into defaulting debt and the fairy-tale world it built is collapsing.  |
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On August 21, 2007, Darryl Robert Schoon delivered a talk before Session II of Gold Standard University Live (GSUL) in Szombathely, Hungary. Session II of Gold Standard University Live focused on the economic theories of the Austrian School of Economics, a school of economic thought based on free markets. Professor Fekete is a strong believer in these ideas. Darryl Robert Schoon's talk, Where We Are, How We Got Here, & Where We're Going" is available to you here as an audio download. - Click here.
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DRSCHOON.COM features the articles of Professor A. E. Fekete of the Gold Standard University, a leading expert on gold and its role in financial markets and the economy.
An Address
CARA Bahamas Conference
Freeport, Grand Bahama
January 17, 2010
Ladies and Gentlemen:
The cliché that the present credit collapse is “the greatest financial crisis since 1929” is the understatement of the century. One measure of the crises is the ratio of gross private debt to nominal GDP. This ratio captures the idea how many years of current output it would take to retire outstanding debt. In these terms, the crisis is truly unprecedented. The world plunged into the present crisis with far greater debt than the debt outstanding at the time when it plunged into the Great Depression in 1929. Add to this the qualitative change in the structure of debt. The most exotic of the Roaring Twenties era debt was brokers’ margin lending on the stock purchases of clients. Today, in addition, we have: (1) derivative instruments valued up to one quadrillion dollars, (2) adjustable-rate mortgages, (3) the unquantifiable off-balance-sheet activities of financial institutions, and (4) the junk-bond activities of private equity firms. The unwinding, or should I say unraveling, of this financial esoterica will greatly increase the underlying debt. The momentum of change in the debt-tower will insure that debt ? and bankruptcies ? will continue to rise even as the economy contracts.
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