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 I)
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 […]
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