None makes the case better, I think, than Professor Antal Fekete (see his series of Monetary Economics lectures or Whither Gold). Antal’s work. See contact information and details about Antal E. Fekete. See more of Antal E. Fekete on Facebook. Log In. or . Awards. In his essay, “Whither Gold?. Professor Fekete was Consulting Professor at Sapientia University, Cluj-Napoca, Romania, His essay ”Whither Gold?” won the first prize in the.

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If spot prices of gold or silver are permanently above their futures price, the precious metals market is going into permanent backwardation. Contribution on economic thought Fekete’s contribution to the development of economic thought is his introduction of Speculation via his Theory on the Formation and Origin of Interest, on Hoarding whlther on Speculation.

A Revisionist Theory and History of Money: The offsetting of long positions with short futures would only appear to be naked, as participants to the futures market are under no obligation to divulge their hedge. As a result bond prices go up or, glod is the same, interest rates go down. And on the future of Gold: The Goldbugs, Variations I. It is important for us to realize that every word of the doctrine on the sterility of gold is an outright lie.

In this tie was cut. The fanatic denial of this fact is central to mainstream economic orthodoxy. Thank Heaven for Gold Manipulators. shither

Antal Fekete | Financial Sense

As all items for export have imported components, no one can maintain for long low export prices in the face of ever rising cost of imports. The Goldbugs, Variations II. With A Year Lag Part 1.


Not only can the owner of gold earn a return in gold on his holdings even under the regime of irredeemable currency, fkeete gold is the only form of tangible wealth that can be lent out at interest and that is in constant demand as such.

See more of Antal E. On the So-Called Nuclear Option. When Atlas Shrugged Part Two. Anta, Backwardation and the Collapse of the Tacoma Bridge. The New Austrian School goes back to Carl Menger, and applies his method of thinking to monetary science and the rate of interest.

New Whityer Economics Manifesto. The Marginal Utility of Silver. Mainstream economic orthodoxy teaches that a depreciating currency is a boon to the country, and a valid tool in the hands of the government to increase competitiveness and thus to reduce or to eliminate the current account deficit.

Iron Law of the Burden of Debt. This is one of the most pernicious doctrines ever concocted — as demonstrated both by theory and practice. When Mises Went Wrong. The Goldbug, Variations IV.

Basis Trading Fekete disputes the claims of “naked shorting” of precious metals markets. Forward Thinking On Backwardation. Is Aggregate Debt Excessive? Lecture notes were published wyither students could consult free of charge through the Internet. What Constitutes a Money Crank?

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More ominously, a movement to redistribute future losses is afoot. Having listened attentively to the presentation of Mr. The Decoy of the Falling Dollar Revisited. Forgotten Anniversary Haunts The Nation. Sntal in South Africa celebrated the th anniversary of discovering gold in the Witwatersrand, at the conference Gold commemorating that event in Johannesburg Professor Fekete delivered the keynote address entitled Gold in the International Monetary System.


Professor Fekete Interview with Guillermo Barba. The Texas Hedges Of Barrick. Was Carl Menger Jewish? According to Fekete, the silver market being more volatile and narrower, once going into permanent backwardation, will function as an early warning system for the end of the fiat currency system. Bull In Bear’s Skin? Email or Phone Password Forgot account?

Blowing Up Modern Austrian Economics But antl flipside of this is that now there is even more irredeemable currency in circulation. Mainstream Economists’ Monetary Insanity. Gold and Bills of Exchange.

Previously, in the world’s most developed countries, money and hence credit was tied to a positive value: Backwardation That Shook The World. He is an invited speaker for several institutions, delivering keynote addresses on monetary economics.

The Marginal Productivity of Debt. You Can’t Eat Gold. While summarizing this must-read discussion of mainstream economic orthodoxy’s mis-teachings is impractical, his initial introduction sets the stage for what is to come: He contends that holders of monetary metal are to a large extent professionals and are using the futures market to hedge their physical long positions with an equivalent short in the futures market, in much the same way as a grain elevator operator.

The Gold Standard Manifesto. Has Barrick Been Barricked by the U.