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Professor Antal E. Fekete is a renowned mathematician and monetary scientist. This site will illuminate some of his important ideas in the areas of:
- Fiscal and Monetary Reform
- Gold Standard University
- Real Bills Doctrine
- Basis
- Discount versus Interest
- Gold and Interest
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In 1974 Professor Fekete delivered a talk on gold in Paul Volker’s seminar at Princeton University. Later, Professor Fekete was Visiting Fellow at the American Institute for Economic Research and Senior Editor for The American Economic Foundation. In 1996 his essay, Whither Gold?, was awarded first prize in the international currency essay contest sponsored by Bank Lips, the Swiss bank.
For many years an expert on central bank bullion sales and hedging, and their effects on the gold price and the gold mining industry itself, he now devotes his time to writing and lecturing on fiscal and monetary reform with special regard to the role of gold and silver in the monetary system.
At this moment, when the world’s monetary system appears increasingly shaky, Prof Fekete details why the current paradigm is flawed and how the problems must be dealt with. This is almost taboo in the main stream financial media. Prof Fekete explains it as a gold crisis, not a dollar crisis. Those who doubt it would do well to recall that every fiat* money system ever tried – and history is littered with examples – failed.
* Money that is not backed by, or convertible to, any specific commodity and whose only value is that determined by government.
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You have an opportunity to meet and learn from Professor Fekete at the upcoming Gold Standard Institute Seminar to be held in Canberra, Australia in November. The principal speaker will be Professor Fekete with lectures also given by Darryl Schoon and Rudi Frisch. For details
Click here.
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To read more about Professor Fekete on Wikipedia
Click here.
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In Two Parts. Part Two: Productivity Revisited In Part One I discussed the clear and present danger to pension rights: deflation as manifested by the interest rates structure that has been falling for almost thirty years, while most observers still think that the real danger is inflation. In this concluding part I carry out a deeper analysis of the pension problem, looking at the marginal productivity of labor and capital.  |
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In Two Parts. Part One: Euthanasia of the Pension Funds
On February 23, 1950, The Commercial and Financial Chronicle published an article from Ludwig von Mises with the above title. In it the author concentrated on the threat of inflation as the greatest danger to pension rights. Sixty years later another danger is looming large on the horizon: the threat of deflation, and a new examination of the pension problem is timely. |
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Anyways, if you are interested in these issues, or are looking for answers to the major crisis facing the current financial system, by all means read the Professor's essays; they are extremely enlightening! My point is I believe that Professor Fekete is truly a visionary. - Rudy Fritsch, Canada
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