Owning gold is our economic Bill of Rights

(Or: The monetary unit is only worth its marginal cost of production * )

The Five Freedoms:

Freedom of Speech

Guaranteed by a free Internet

Freedom from Tyranny

Guaranteed by firearms ownership.

Freedom of Assembly

Guaranteed by private property ownership

Freedom of Movement

Guaranteed by personal transport ownership

Freedom of Wealth

Guaranteed by gold ownership

Mission:

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible, to maintain their control over governments, by controlling money and its issuance."

- James Madison -

The mission of this site is to show that economic freedom is inseparable from physical gold and silver ownership, with or without mining shares, and that without this economic freedom, all the other freedoms are diminished or rendered null and void by the money power of the State.

In order accomplish this, comments and essays by various authors in the fields of economics and markets will be displayed and archived on this site for the reader's information.

In order to effect essential political and economic change, this site supports Americans for a Free Republic

Seminars:

• THE FEKETE ARCHIVES

• THE TEN PILLARS OF SOUND MONEY AND CREDIT. (Text editing for web by Chris Walker)

• The First Pillar of Sound Money and Credit
• The Second Pillar of Sound Money and Credit
• The Third Pillar of Sound Money and Credit
• The Fourth Pillar of Sound Money and Credit
• The Fifth Pillar of Sound Money and Credit
• The Sixth Pillar of Sound Money and Credit
• The Seventh Pillar of Sound Money and Credit
• The Eighth Pillar of Sound Money and Credit
• The Ninth Pillar of Sound Money and Credit
• The Tenth Pillar of Sound Money and Credit



• "A REVISIONIST THEORY AND HISTORY OF MONEY"

• "A Revisionist Theory and History of Money": Introduction
• "A Revisionist Theory and History of Money": Real Bills and Employment.
  Series continued in links in "Responses" section.



• ANNOUNCEMENT: GOLD STANDARD UNIVERSITY LIVE (in Hungary)

• GOLD STANDARD UNIVERSITY

Bio: Professor Antal E. Fekete was born and educated in Hungary. He immigrated to Canada in 1956. In addition to teaching in Canada, he worked in the Washington DC office of Congressman W. E. Dannemeyer for five years on monetary and fiscal reform till 1990. He taught as visiting professor of economics at the Francisco Marroquin University in Guatemala City in 1996. Since 2001 he has been consulting professor at Sapientia University, Cluj-Napoca, Romania. In 1996 Professor Fekete won the first prize in the International Currency Essay contest sponsored by Bank Lips Ltd. of Switzerland. He also runs the Gold Standard University on this website.

• Monetary Economics 101: The Real Bills Doctrine of Adam Smith, by Prof. Antal Fekete
• Lecture 1: Ayn Rand's Hymn To Money
• Lecture 2: Don't Fix the Price of Gold!
• Lecture 3: Credit Unions
• Lecture 4: The Two Sources of Credit
• Lecture 5: The Second Greatest Story Ever Told
• Lecture 6: The Invention of Discounting
• Lecture 7: The Mystery of the Discount Rate
• Lecture 8: The Bills of the Goldsmith
• Lecture 9: Legal Tender Small Bank Notes
• Lecture 10: The Revolt of Quality
• Lecture 11: The Acceptance House
• Lecture 12: Borrowing Short To Lend Long
• Lecture 13: The Unadulterated Gold Standard


• Monetary Economics 102: Gold and Interest, by Prof. Antal Fekete
• Lecture 1: The Nature and Sources of Interest
• Lecture 2: The Exchange of Income and Wealth
• Lecture 3: The Janus-Face of Marketability
• Lecture 4: The Principle of Capitalization of Incomes
• Lecture 5: The Pentagonal Model of Capital Markets
• Lecture 6: The Hexagonal Model of Capital Markets

Responses to Real Bills Doctrine:

• Professor Fekete's brilliant defense of Adam Smith's Real Bills Doctrine at the Americans for a Free Republic Website.
• Robert Blumen- "Real Bills, Phony Wealth, Part 1, at the Financial Sense Online Website.
• Nelson Hultberg- "Cranks in the Gold Community", at the Financial Sense Online Website.
• Robert Blumen- "Real Bills, Phony Wealth, Part 2, at the Financial Sense Online Website.
• Nelson Hultberg- "Real Bills, Gold and the Big Picture", at the Financial Sense Online Website.
• Douglas V. Gnazzo's "A Response to the Real Bills Doctrine", at the Financial Sense Online Website.
• Nelson Hultberg's recent article, "Real Bills vs. Rothbard's 100% Gold System", defending Real Bills at the AFR Website.
• Douglas V. Gnazzo's "THE REAL BILLS DOCTRINE and HONEST MONEY", at the Financial Sense Online Website.
• Professor Fekete expands his defense of Real Bills in his article, "Where Mises Went Wrong", at the AFR Website.
• Nelson Hultberg's article defending Real Bills, "The Money Fallacies of Rothbard", at the AFR Website.
• Nelson Hultberg's article defending Real Bills, "Is Fractional-Reserve Banking Fraudulent?", at the AFR Website.
• Bill Koures- "Real Bills: An Emergent Market Phenomenon", at the AFR Webwsite.
• Nelson Hultberg- "Musings on Fekete and Rothbard", at the AFR Website.
• Bill Koures- "What is a Real Bill?" at the AFR Website.
• Robert Blumen- "Real Bills, Phony Wealth, Part 3, at the Financial Sense Online Website.
• Nelson Hultberg- "Monetary Elephants in the Living Room", at the AFR Website.
• Professor Fekete continues his defense of Real Bills in his article, "Economic Entropy", at the AFR Website.
• Robert Blumen- "Real Bills, Phony Wealth, Part 4", at the Financial Sense Online Website.
• Professor Fekete continues his defense of Real Bills in his article, "The Fall and Rise of the Gold Standard", at the AFR Website.
• Robert Blumen- "Real Bills, Phony Wealth, Part 5, at the Financial Sense Online Website.
• Antal Fekete- Federal Reserve Follies: What Really Started the Great Depression, at the AFR Website.
• Antal Fekete- More on Real Bills at the Financial Sense Online Website.

Disclaimer: While I personally own some of the investment vehicles discussed on this site, none of the discussions herein is intended as a recommendation for them as investment vehicles by the management of this site - other than for general ownership of the metals themselves, regardless of form. Further, this site does not deal in any form of investment vehicle, and holds as its commercial policy that it will not accept advertisements from any firm directly involved in so doing. Any recommendations by persons posting essays or comments on this site are entirely their own, and the management of this site makes no guarantee of their investment value or of any stated matter of fact concerning them, except that it will exercise reasonable care in determining the general accuracy of their claims.

-SDS-

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