Articles related to Hungary
 
Antal E. Fekete - Gold University
The Hungarian Connection
Gold is the most misunderstood metal in human history, because of the economists' failure to distinguish between its dynamic and static aspects in representing values. Economists have blithely assumed all along that the value of gold is the same whether it flows freely from one hand to the next, or whether the movement of gold is obstructed, in the worst case arrested, by the government (soon to be aped by banks and individuals
Saturday, September 23, 2017
Nathan Lewis - New World Economics
Real World Examples Of More Revenue With A 15 Corporate Tax Rate
(This item originally appeared at Forbes.com on September 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/14/real-world-examples-of-more-revenue-with-a-15-corporate-tax-rate/#3619e6cf4d15 One of the harder economic concepts to embrace is that tax revenues, as a percentage of GDP, are often lower when rates are higher, and higher when rates are lower. Huh? The reason is that high rates have a multitude of effects, among them: people do not engage in highly-taxed activities; and there
Friday, September 15, 2017
Antal E. Fekete - Gold University
Keeping our Eyes Peeled for the Silver and Gold Basis
Here is a question for the discriminating observer. How is it that interest-rate derivatives do not obey the Law of Supply and Demand? The more there are of them, the more they are in demand
Thursday, August 17, 2017
Antal E. Fekete - Gold University
Our Diseased Monetary Bloodstream
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Friday, August 11, 2017
Antal E. Fekete - Gold University
What You Always Wanted To Know About Gold* 
To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of the
Monday, August 7, 2017
Mish - Global Economic Analysis
EU Deposit Insurance, a Bank Crisis in Italy and Greece, and the Coming Ban on Cash
Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts. Today let’s investigate the EU’s deposit insurance scheme with the likely result being a ban on cash. On July 19, with little media publicity, the EU Single Resolution Board issued a statement with this exact title: Press Release – Banking Union – Single Resolution Board collects €6.6 billion in annual contributions to the Single Resolution Fund, now reaching €17 billion in total. F
Tuesday, August 1, 2017
Perth Mint Blog
Franz Liszt: the first pop phenomenon
In many ways Franz Liszt was the JustinBieber of his day. It’s been said that Liszt generated such excitement that women would literally attack him: tear bits of his clothing, fight over broken piano strings and locks of his shoulder-length hair. Born in Hungary in 1811, Liszt stood over six feet tall and had flashing brown eyes.
Monday, July 31, 2017
Mish - Global Economic Analysis
Over €1 Trillion Nonperforming EU Loans: EU vs US Percentages
An EU report out this month shows nonperforming loans were a staggering €1.092 trillion as of the end of 2016. The average non-performing rate in the EU is 5.1%, down from 5.7% in 2015. For comparison purposed, a World Bank Report has the US at 1.3%, Japan at 1.5%, and Canada at 0.6% In contrast, Greece and Cyprus have NPL ratios of 46% and 45% respectively. Bulgaria, Croatia, Hungary, Ireland, Italy, Portugal, Slovenia, and Romania all have NPL ratios between 10% and 20%. Non-Performing Loans
Friday, July 28, 2017
Antal E. Fekete - Gold University
Gold Vanishing Into Private Hoards The Dollar: An Agonizing Reappraisal Part One 
The first thing to know about gold is that there is no alternative to it. Gold is the one and only commodity that has no marketing problem. There is no sales resistance and no competition to overcome. A gold reserve is as important for the nation as a bank account for the firm or individual. You keep part of your funds in idle bank balances in order to be ’liquid’ - to be able to pay your bills. Gold is the ultimate and unquestioned world-wide ’liquidity’.
Saturday, July 22, 2017
USA GOLD - USA Gold
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
South China Morning Post/Maggie Zhang/06-21-17 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China’s sole gold bourse said on Wednesday, reflecting on Beijing’s attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China’s yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second half of this year, said
Thursday, June 22, 2017
Chris Powell - GATA
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
By Maggie Zhang South China Morning Post, Hong Kong Wednesday, June 21, 2017 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China's sole gold bourse said today, reflecting on Beijing's attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China's yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second h
Wednesday, June 21, 2017
Mac Slavo - ShtfPlan
Pictured: Hungary’s New Electrified Border Wall, Watch Towers And Guards Outfitted With Machine Guns
The country of Hungary, 95% of whose citizens opposed European Union migrant quotas in a recent referendum, has reportedly electrified key portions of their border fence. According to Index.hu, when approaching the border outside of authorized border crossings, those attempting to enter the country will be met with warning signs in Hungarian, Serbian and Arabic advising them that the fence has been electrified. Kit Daniels reports: It may not be a full fence shield, but there are fixed wires run
Saturday, May 13, 2017
Alasdair Macleod - Finance and Eco.
Update on Brexit
This article looks at the background to Brexit negotiations and concludes that Britain is negotiating from a position of strength, while the EU is increasingly in a position of financial difficulty. Not only will the European Commission be forced to scale back its spending and redistribution of resources, but the euro project is threatened by capital flight between member states, despite the early signs of economic recovery which should be restoring market confidence. Politicking aside, pressure
Friday, May 12, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Adrian Ash - Bullion Vault
Inflation and human nature
"...Scrabbling in the earth for a fresh source of cash, the gold & silver miners of 13th century Europe proved that the money supply never simply increases as if by magic..."
Wednesday, April 5, 2017
Antal E. Fekete - Gold University
Revisionist Theory of Depressions Can It Happen Again?
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Friday, March 3, 2017
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, (
Wednesday, March 1, 2017
Andy Hoffman - Miles Franklin
Why The Cartel Is So (Rightfully) Terrified 
No event defines how rapidly America’s “leadership” has declined, then last night’s Academy Awards catastrophe.  At which, one of its most prestigious accounting firms accidentally handed Warren Beatty the wrong “Best Picture” envelope, causing it to initially be awarded to the wrong movie.  Yes, it was a “victimless crime” – but at a time when America’s accounting credibility is at an all-time low, it only adds to the perception of the incompetence that makes it unlikely to become “great again”
Monday, February 27, 2017
Nathan Lewis - New World Economics
he 1910 Senate Monetary Commission
People talk a lot about the “Classical Gold Standard,” but hardly anyone knows anything about it. I’ve gone through books from Bagehot to Hawtrey to Bordo and Eichengreen, and haven’t yet found even a rudimentary description of any accuracy. The best since 1950 is Giulio Gallarotti’s book, The Anatomy of an International Monetary Regime: the Classical Gold Standard, 1880-1914. While I agree with a lot of Gallarotti’s conclusions, and admire his dense citation of previous work, this book is direc
Saturday, February 25, 2017
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 China
Wednesday, February 22, 2017
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