New Thinking Jul 29, 2025 Darryl Robert Schoon is a financial analyst famous for having predicted the 2008 market crash. He is author of Light in a Dark Place: The Prison Years. He has also written a novel titled You Can’t Always Get What You Want. He is a minister with the Temple of Universality in Tucson, Arizona. Here he explains the origin of paper money in China in the year 1024, and how it impacted Chinese politics. In the seventeenth century, paper money spread to England. Its use was instrumental in the expansion of the British empire. The discussion includes interest rates, business cycles, central banking, and warfare. Schoon emphasizes his belief that the economic downturns of 1990, 2000, and 2008 have been building up to an economic crisis of much larger proportions. New Thinking Allowed host, Jeffrey Mishlove, PhD, is author of The Roots of Consciousness, Psi Development Systems, and The PK Man. Between 1986 and 2002 he hosted and co-produced the original Thinking Allowed public television series. He is the recipient of the only doctoral diploma in “parapsychology” ever awarded by an accredited university (University of California, Berkeley, 1980). He is also the Grand Prize winner of the 2021 Bigelow Institute essay competition regarding the best evidence for survival of human consciousness after permanent bodily death. He is Co-Director of Parapsychology Education at the California Institute for Human Science. (Recorded on October 31, 2019)