Mahant!

A collection of Antal Fekete's articles {not to be missed the Lecture series} Whither Gold Part I Part II Part III [ mirror ] The Rise and Fall of Gold basis Tom Szabo, The Silver Basis The Last contango in Washington Ultracrepidarian Musings Bull in Bear's Skin? Monetary versus Non-Monetary Commodities Gold De-monetization hoax Gold is the cure of the job-drain Revisionist theory and history of money economic entropy How to protect one's pension with gold The bubble that broke the work Stop Greenspan from plunging America into a depression Tainted reserach : Lysenkoism-American style A Tale of Three lies [ Mirror ] A Tale of fourth lie Kondratieff revisited Deflation or runaway inflation Japan's finest hour Revisionist view of Great Depression The revolt of quality The Acceptance house The Principle of capitalization of income The supply of Oxen at Federal Reserve Kondratieff and Gold Self-immolation of paper money The decoy of falling dollar Can Greenspan make the...

By Gary Dorsch The big-3 central banks and their finance ministries still have the ability to jawbone foreign exchange rates, or if necessary, execute outright intervention to battle with speculators. However, the most shocking development in the global markets over the past few years was the natural evolution of a worldwide de-facto gold standard that is just starting to impose discipline upon abusive central bankers. In other words, brazen attempts by central bankers to inflate their equity markets by pumping up their money supply, has been matched by higher gold prices. For instance, the emergence of the gold vigilantes in Europe became evident in September 2005, when the price of gold rose above a four year resistance area of 350 Euros per ounce, and zoomed to as high as 570 Euros on May 11th, 2006. Interestingly enough, the gold market closely attached itself to the monetized EuroStoxx index, and then outpaced the EuroStoxx to the upside. In other words, the impressive EuroStox...

The global liquidity boom is finally turning into inflation through three channels. First, the property boom inspired huge service demand in Anglo-Saxon economies and has led to tight labor markets there. Second, the commodity bubble of the past three years has increased costs of production and living by over 5% of global GDP. Although commodity inflation has been absorbed through consumer borrowings and lower profit margins in the past, it is now turning into higher wages and core inflation. Third, China has kept the global cost of production artificially low by not paying for pollution and labor benefits. The political pressure within China is such that the government is normalizing production cost, which could boost global inflation. Globalization has slowed and stretched macro trends. Inflation is likely to follow the same pattern. Global inflation has picked up by 60 bps in the past four quarters. If the trend continues, as I believe, major central banks will have to focus on fig...

I decided to post this article as soon as I read the heading. It has a nice tone to it "Inflation Unleashed ". Sounds cool (unfortunately). Have been trying to make my friends see light for sometime now, with no results to show except being proved correct on gold/silver price move. A Cassandra's echo like these may atleast help gain some attention. “The way our current monetary system works, the careful savings of a lifetime – including your pension – can be wiped out in an eyeblink.” Dr. Lawrence ParksExecutive Director, Foundation for the Advancement of Monetary Education By Nick Barisheff [ http://www.bmsinc.ca/ ] published on Kitco.com The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon “closed the gold window”. In essence, this mea...