Why Gold is Superior Money (Part II)

Larry Parks Explains Why Gold is Superior Money Part II – These three lectures were broadcast in 2010. Thus, the charts and exhibits are not up-to-date. However, all of the concepts remain valid. More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To get a copy of What Does Mr. Greenspan Really […]

Why Gold is Superior Money (Part III)

Larry Parks Explains Why Gold is Superior Money Part III – These three lectures were broadcast in 2010. Thus, the charts and exhibits are not up-to-date. However, all of the concepts remain valid. This presentation is given by Larry Parks, Executive Director of the Foundation for the Advancement of Monetary Education (FAME). More Information can […]

The Death of the Dollar (Part I)

Whenever the monetary authorities were able to create money out of nothing, there always came a time when they could not resist the temptation to overissue. What makes our monetary authorities different from those of the past? The Catholic Church has a line for this, and the Catholic Church has this exactly right: “In the […]

The Death of the Dollar (Part II)

Discusses the factors why the paper-ticket “dollar” will meet the fate of all paper money: it’s purchasing power will approach its cost of production, which is near zero. This lecture was prepared circa 2009. More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To get a copy of What Does Mr. Greenspan […]

The Stupid (Prudent) Man Rule

Pension plan asset allocation that is theoretically and empirically stupid has been redefined as being prudent, thereby leading to a massive misallocation of pension plan assets. More importantly, since the US monetary system is dishonest, as well as many of the asset allocations being prima facie fraudulent, pension plan trustees have a fiduciary responsibility to […]

Disinformation about Gold

This lecture debunks a huge story from the Financial Times whose theme it was that gold is unstable. Using incontrovertible official data, Larry Parks shows that it is the legal tender irredeemable paper-ticket-electronic dollar that is unstable, not gold. This lecture was prepared circa 2009. More Information can be found from Larry Parks HR1098 Congressional […]

Investing with Fiat Money: Risks and Remedies

As about 60 million Baby Boomers are set to retire, asset allocation of one’s savings is a key issue because one does not want run out of money at a time when one cannot easily replenish one’s savings. What to do? Wall Street is misleading people by not explaining that there is material risk that […]

To Buy or Not To Buy Gold

This lecture was broadcast a few years ago, so the numbers in the exhibits have changed. What has not changed is the reasoning about why one, in Larry’s opinion, should allocate a material amount of one’s wealth to gold. An allocation to gold is a bet, i.e., a speculation, not an investment, that the world’s […]

How Fiat Money Plays Out

Larry Parks, using illustrations, shows how legal tender irredeemable paper-ticket-electronic money, a.k.a. fiat money, plays out. It’s purchasing power always approaches its cost of production: ZERO! More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To get a copy of What Does Mr. Greenspan Really Think? from Amazon, click HERE Support FAME

Thank You Mr. Buffett

Larry Parks thanks Warren Buffett for starting a conversation about gold, even though Mr. Buffett declaims any possible role for gold in the world’s monetary system. That is, Mr. Buffett believes that gold is not of much use when, in fact, it has great use as money. Parks explains how and why politicians, who are […]

Why US Monetary System Violates Jewish Law (Part I)

The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]

Why US Monetary System Violates Jewish Law (Part II)

The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]

Why US Monetary System Violates Jewish Law (Part III)

The U.S. monetary system and all legal tender irredeemable paper-ticket-electronic monetary systems worldwide violate scripture in every major religion. In the U.S., after the Civil War experience with paper money, called Greenbacks, there was a great deal of dissension about whether to resume gold-as-money. There were debates in the business, banking, and labor sectors about […]

What you can do to help:

FAME depends on your generous contribution so that we may educate folks to mitigate the damage when our unstable, unauthorized (by the Constitution), and dishonest monetary system finally collapses. Support FAME

Labor & Union Issues

Labor, Unions and Workers know they have been swindled, their pensions jeopardized, and a lifetime’s work placed at risk. The last time American workers were faced with fixing their financial system, American Labor called for a fair and honest monetary system, enjoyed broad public support, and worked to achieve it. The ensuing prosperity lasted more […]

Phony Risk Management

The phony definition of the so-called “riskless rate-of-return” results in a gross misallocation of pension plan assets on which Wall Street firms and banks garner exorbitant and unearned fees. If the putative beneficiaries  receive the benefits and pensions they have been promised and which they have earned, it will be a happy accident. Meanwhile the […]

The Fed is Causing, not Curing, Deflation, Low Wages, Unemployment and Reducing Demand

Lawrence Parks Contact Information

The Fed believes that Zero interest-rate policy (ZIRP) will boost the economy by increasing credit creation, making it more profitable to build factories, start businesses, with increased demand and employment to follow. ZIRP, a euphemism for facilitating the creation of legal tender irredeemable paper-ticket-electronic make-believe money out of nothing, does bring forward sales of some […]