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 | Antal E. Fekete - Gold University |
How to protect one’s pension with Gold  |
| Greed is as old as human race. The last time it overtook husbandry in the realm of gold was over 35 years ago. In 1968 you could still buy gold at $35 per oz. The price had not changed for 35 years, since 1933, in spite of six years of depression; six years of World War II; six years of Marshall give-away; six years of Korean War; six years of escalation of the Vietnam War; the Berlin blockade, the Cuban missile crisis and other Cold War battles. All these historic events have contributed to monetary depreciation in the order of 75 percent. The gold mining industry was badly hurting. Yet it kept producing and selling gold at break-neck speed as if there was no tomorrow. The gold producers of the 1960s, just as those of today, were doped by the paper-money magic. They were coaxed out of their possession of a real asset to exchange it for a phony one. In giving it up at a ridiculous price they were unwitting stooges helping postpone the day when gold could break its shackles. Nobody then or since has bothered pointing out the folly of the inmate who would ingratiate himself to the jail-keepers by assisting them to make his yoke heavier.Sunday, May 31, 2020 |
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| Antal E. Fekete - Gold University |
| The Dismal Monetary Science |
| .Tuesday, May 19, 2020 |
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| Antal E. Fekete - Gold University |
 The Gold Standard Manifesto |
| .Wednesday, May 13, 2020 |
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 | Robert Blumen - 24hgold |
| Real Bills, Phony Wealth |
| "The masses are misled by the assertions of the pseudo-experts,” wrote Mises, “that cheap money can make them prosperous at no expense whatever.” The damage that this inflationary fallacy has done to our monetary institutions cannot be over-estimated. In spite of efforts by classical and Austrian economists to refute it, it refuses to die. It has been resurrected under many guises, but all with the same error at its core: that printing money can create real wealth.Wednesday, May 13, 2020 |
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| Antal E. Fekete - Gold University |
| Remobilize Gold To Save The World Economy! |
| Let me explain. Gold is the only ultimate extinguisher of debt. Other extinguishers do, of
course, exist but they are not ultimate in that they have a counterpart in the liability column of
the balance sheet of someone else. Gold has no such liability attached to it. Gold is where the
buck stops. It is this propertyTuesday, May 5, 2020 |
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| Antal E. Fekete - Gold University |
| Economic Aspects of the Pension Problem: Part Two |
| .Tuesday, April 28, 2020 |
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| Antal E. Fekete - Gold University |
 Fiat Money in Death Throes |
| "Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear -- as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits." ~ Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.Tuesday, April 7, 2020 |
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| Antal E. Fekete - Gold University |
| Revisionist View Of The Great Depression Part One |
| There are two standard views of the Great Depression of the 1930's. Keynesians maintain that the capitalist system is, by its very nature, prone to overproduction and, in the absence of government intervention, excessive inventories will periodically lead to falling prices and to growing unemployment which will further compound the collapse in demand. They advocate public works financed, if need be, by massive deficit spending. The central bank must be instructed to buy up all the government bonds thatSunday, March 8, 2020 |
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| Antal E. Fekete - Gold University |
| Is Aggregate Debt Excessive |
| .Sunday, March 1, 2020 |
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 | David Morgan - Silver Investor |
 Correcting Antal Fekete's Historical Silver Errors  |
| In "The Double Whammy of Geopolitical Gold Games reposted in February 2013
(from January 31, 2008) by Antal
Fekete he stated some errors of fact! Marco Polo, guide us on this excursion
to China! Bruce Lee, help our reflexes to be as fast as yours! May we not be
slap happy like Jackie Chan! Wo Fat, do not mislead us! Antal mentioned China's
silver money system going back to the 16th century, then stated"
"CHINA'S EXTERNAL TRADE WAS INSIGNIFICMonday, February 24, 2020 |
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| Antal E. Fekete - Gold University |
| Revisionist Theory of Depressions Can It Happen Again |
| .Saturday, February 15, 2020 |
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| Antal E. Fekete - Gold University |
| Hedging Non-Gold Investments With Gold |
| 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, (Thursday, February 13, 2020 |
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| Antal E. Fekete - Gold University |
| Silver and Opium |
| From the mid-17th century more than 9 billion Troy ounces or 290 thousand metric tons of silver was absorbed by China from European countries in exchange for Chinese goods. The British introduced opium along with tobacco as an export item to ChinaThursday, February 6, 2020 |
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| Antal E. Fekete - Gold University |
| Double Jeopardy |
| The Constitution protects the citizen against "double jeopardy", that is, the judicial arm of the government cannot inflict harm on the citizen twice for one and the same reason. Apparently, the principle of double jeopardy does not apply to the monetary arm of the governmentSaturday, February 1, 2020 |
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| Antal E. Fekete - Gold University |
The Revisionist Theory and History of Depressions  |
| An accounting principle, the Law of Liabilities, asserts that a firm ought to carry itsliabilities in the balance sheet at its value upon maturity, or at liquidation value,whichever is higher. This Law is ignored by present accounting standards. The result is arise in the liquidation value of debt, erosion of depreciation quotas, and wholesaledestruction of capital under a falling interest-rate structure caused by a faulty monetarypolicy, hailed as the savior, but which should be condemned as the destroyer.
Recognizing the Law of Liabilities may help us to understand deflations and depressionsbetter.Thursday, January 23, 2020 |
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| Antal E. Fekete - Gold University |
| Has Barrick Been Barricked By The U.S. |
| .Monday, January 13, 2020 |
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| Antal E. Fekete - Gold University |
| The Vanishing Of The Gold Basis and... |
| The gold basis is defined as the difference between the nearby futures price and the cash price of gold in the same location. A positive basis is called contango; a negative one, backwardation. Since there were no organized futures markets in gold prior to 1971, the history of gold basis is confined to the last 35 or so years Gold futures trading started on the Winnipeg Commodity Exchange in Canada in 1971 at a time when ownership and trading of gold was still illegal in the United States. Upon becoming legal the bulk of gold futuresSunday, January 12, 2020 |
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| Antal E. Fekete - Gold University |
| More dress rehearsal for the last contango |
| You have to remember that the basis is widely used as a guide in the huge arbitrage operations between gold holdings and dollar balances and in the gold carry trade. To participate in this arbitrage you must have gold on deposit in Comex warehouses. But with the vanishing of the gold basis the profitability of this arbitrage as well as that of the gold carry trade has been drying up, which explains the dwindling of warehouse stocks.Thursday, January 9, 2020 |
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| Antal E. Fekete - Gold University |
| Economic Aspects Of The Pension Problem |
| .Wednesday, December 25, 2019 |
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| Antal E. Fekete - Gold University |
| “Gold Is Pale Because It Has So Many Thieves Plotting Against It” |
| * The title is a quotation from Diogenes Laertius (fl. 2nd century A.D.)
This was the favorite quotation of the late Chicago economist and gold expert Melchior Palyi.Sunday, December 22, 2019 |
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