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Fundamental Ideas
Most read articles
Antal E. Fekete - Gold University
Deflation or Runaway Inflation
Runaway inflation is not a monetary phenomenon, the claims of monetarists notwithstanding. It is an interest-rate phenomenon predicated on the linkage. The price level and the rate of interest resonate with the oscillating money-flows between the bond and the commodity markets. This economic resonance, under the concerted pounding by speculators, ultimately reaches the state of runaway vibration. When the fragile confidence in the value of irredeemable currency snaps, commodities are bought up and all bids for bonds are withdrawn. The rate of interest, together with the price level, reach astronomical heights. There is no scientific way to predict
Sunday, July 27, 2014
JS KIM - Smart Knowledge U
  The One Personality Trait that All Gold & Silver Investors Need to be Profitable 
Before one every buys a single troy ounce of gold and silver, one should ensure first and foremost that one understands that gold and silver are volatile in price every single year. Many people commit the same mistake in buying gold and silver that they commit when buying into the stock market – they don’t buy assets when asset prices are low, and only buy them after prices have soared and news of a steep short-term climb in price has been reported by the mainstream media news.
Friday, July 25, 2014
History of Gold
(-1780) Gold and Silver in the Code of Hammurabi 
When Anu the Sublime, King of the Anunaki, and Bel, the lord of Heaven and earth, who decreed the fate of the land, assigned to Marduk, the over-ruling son of Ea, God of righteousness, dominion over earthly man, and made him great among the Igigi, they called Babylon by his illustrious name, made it great on earth, and founded an everlasting kingdom in it, whose foundations are laid so solidly as those of heaven and earth; then Anu and Bel called by name me, Hammurabi, the exalted prince, who feared God, to bring about the rule of righteousness in the land, to destroy the wicked and the evil-doers; so that the strong should not harm the weak; so that I should rule over the black-headed people like Shamash, and enlighten the land, to further the well-being of mankind.
Tuesday, July 15, 2014
Antal E. Fekete - Gold University
The Root Cause of Unemployment : Part I : Destroying the Wage Fund
Economists have failed to find the root cause of unemployment. Keynesians have looked for it in the paucity of government debt. Friedmanites have tried to blame it on the inadequacy of central bank credit. Both orthodoxies were promoted, one after another, as state religion in the United States, with appalling results: destabilizing foreign exchanges, interest rates, prices; wiping out nine-tenth of the purchasing power of the dollar; even more of the value of bonds; not to mention the triggering of an avalanche of debt.
Saturday, April 26, 2014
A Poem for Today - E. Mason
The Gold Dollar
Ah, little gold dollar, republican name, Let peace be thy motto, and freedom thy fame; may all use thee kindly and not hide thy face Like misers and bankers in some lonely place,
Sunday, April 20, 2014
Hugo Salinas Price - plata.com.mx
The Gold Standard: Generator & Protector Of Jobs 
The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best.
Friday, June 27, 2014
Antal E. Fekete - Gold University
Causes And Consequences Of Kondratiev's Long-Wave Cycle
Here we offer a new theory explaining the causes of Kondratiev's long-wave economic cycle in terms of gold and the hoarding of commodities. Our description of the cycle itself is also novel and very different from the conventional. We shall be talking about a huge oscillating money-flow to-and-fro between the bond market and the commodity market. When the money-tide begins to flow at the commodity market and ebb at the bond market, we have the inflationary phase of rising prices and interest rates. When the tide is reversed and it begins to flow at the bond and ebb at the commodity market, we have the deflationary phase of falling prices and interest rates. In one word, Kondratiev's long-wave cycle is the manifestation of the fluctuation in the propensity to hoard. The key question is this: what causes this fluctuation? Is it a natural phenomenon outside of man's control or, perhaps, it is induced by wrong-headed government policy?
Saturday, June 28, 2014
Antal E. Fekete - Gold University
  Hyperinflation or Hyperdeflation? 
The reason why QTM fails is that money is not one-dimensional. It is in fact two-dimensional. Quantity is one, and the velocity of circulation is the other dimension. Central banks control the former, and the market firmly controls the latter. As long as fair weather lasts, velocity may be ignored. But as soon as the weather grows foul, velocity returns with a vengeance. If it increases, we talk about inflation. If it decreases, we talk about deflation. In the extreme
Thursday, May 22, 2014
Mike Hewitt - Dollar Daze
America's Forgotten War Against the Central Banks
In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.
Friday, May 09, 2014
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 20, 2014
Ron Paul - Texas Straight Talk
I love Gold because it gives financial security 
It is not Gold in and of itself that excites me, but the many benefits of sound money. Another benefit is financial security. Can sound money give you financial security? There is something very comforting in knowing that what you earn today will retain its purchasing power in the years to come. Indeed, the same silver dime that bought a loaf of bread in the 1960s can still buy a loaf of bread with its precious metal content – which is worth about $1.00 today.
Thursday, June 12, 2014
Investing Chronicles - Scribd
  Reminiscences of a Stock Operator (Jesse Livermore)
I WENT to work when I was just out of grammar school. I got a job as quotation-board boy in a stock-brokerage office
Wednesday, April 23, 2014
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.
Tuesday, May 06, 2014
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.
Tuesday, June 10, 2014
Antal E. Fekete - Gold University
Monetary versus Non-Monetary Commodities
A monetary commodity is one that can, in most applications, be substituted by a promise to deliver it. Once endorsed, the promise can be passed on to a third party. The promise itself may take a variety of forms from a warehouse certificate through standard futures or option contracts to an ad hoc forward sales or swaps agreement. On a strict application of this definition there are only two monetary commodities: the senior one is gold, the junior one is silver. Sorry to disappoint platinum and palladium addicts: theirs are not monetary metals.
Monday, June 23, 2014
Frank Shostak
How Much Money should there be ? 
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession-or, even worse, depression
Saturday, June 14, 2014
Antal E. Fekete - Gold University
Falsifying Bank Balance Sheets
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Friday, May 09, 2014
Antal E. Fekete - Gold University
Iron Law of the Burden of Debt
In my article Growth and Debt: Is There a Trade-off? I have stated the “Iron Law of the Burden of Debt”: The liquidation value of total debt doubles every time the rate of interest is halved.
Friday, April 25, 2014

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