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 | Antal E. Fekete - Gold University |
| Revisionist Theory of Depressions Can It Happen Again |
| .Monday, February 15, 2021 |
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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, (Saturday, February 13, 2021 |
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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 ChinaSaturday, February 6, 2021 |
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| Antal E. Fekete - Gold University |
| Has Barrick Been Barricked By The U.S. |
| .Wednesday, January 13, 2021 |
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 | Eugen Von Böhm-Bawerk - Mises.org |
| Our Passive Trade Balance |
| Editor's Note: Published in January 1914 in Neue Frei Presse,"Our Passive Trade Balance" (“Unsere passive Handelsbilanz”) would prove to be Eugen von Böhm-Bawerk's last publication before his death. Ludwig von Mises mentions the article in an essay written after Böhm-Bawerk's death, but to our knowledge, this is the first time the essay has appeared in English. Nathan Keeble located a scan of the article posted by the Austrian National Archives. Translation by Kai Weiss.]As is well known, the tSaturday, December 19, 2020 |
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| Antal E. Fekete - Gold University |
| The Golden Thorn In The Flesh, Part 2 |
| .Thursday, October 22, 2020 |
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 | Philip Barton - Gold Standard Institute |
| Stock to Flow Ratio - A Primer |
| The importance of gold's stock to flow ratio is greatly
underestimated. I first came across the concept in 2009 at a lecture by
Professor Antal E. Fekete in Szombathely, Hungary. It fascinated me and
the more I looked at its implications, the more amazed that I became,
not least of which because my search engine couldn't locate a single
piece of writing on the subject anywhere.
The stock to fSaturday, October 10, 2020 |
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| Antal E. Fekete - Gold University |
| Forward Thinking On Backwardation |
| .Thursday, October 8, 2020 |
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| Antal E. Fekete - Gold University |
The New Austrian School of Economics  |
| .Saturday, October 3, 2020 |
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| 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 individualsFriday, September 25, 2020 |
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| Antal E. Fekete - Gold University |
| Gotterdammerung |
| Wagner's opera Gotterdämmerung is about the twighlight of pagan gods. The most powerful of the latter-day pagan gods that has been guiding the destinies of humanity for the past two-score of years is Irredeemable Debt. Before August 14, 1971, debts were obligations, and the word "bond" was to mean literally what it said: the opposite of freedom. The privilege of issuing debt had a countervailing responsibility: that of repayment.Friday, September 18, 2020 |
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| Antal E. Fekete - Gold University |
| The Gold basis is Dead - Long Live the Gold Basis! |
| To the government, the gold basis is like the naughty child who blurts out unpleasant truths. He must be gagged and silenced at all hazards. Fool's gold basis is even more important than fool's gold in terms of the number of people victimized.Saturday, August 29, 2020 |
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| 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 demandMonday, August 10, 2020 |
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| Antal E. Fekete - Gold University |
| Our Diseased Monetary Bloodstream |
| .Wednesday, August 5, 2020 |
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 | 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, August 3, 2020 |
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| 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 theSaturday, August 1, 2020 |
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| 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’.Thursday, July 16, 2020 |
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 | 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.Wednesday, April 15, 2020 |
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 | 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..."Thursday, March 19, 2020 |
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 | Chris Powell - GATA |
| Chris Powell at New Orleans conference: Gold market manipulation update, November 2018 |
| Since we met at this conference last year much new evidence of manipulation of the gold market by central banks and their bullion bank agents has been compiled and disclosed by the Gold Anti-Trust Action Committee.
For example, a month ago a major bullion bank, the Bank of NoSaturday, November 3, 2018 |
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