Keith Weiner

Contributor since: 29 Jan 2012

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Biography

• Book Review: The Golden Revolution

  Published 17 August 2012 | viewed 0 times

  There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the…

• In A Paper System, All Assets Are Backed by the Treasury Bond

  Published 17 August 2012 | viewed 0 times

  In a gold-based monetary system, every asset is ultimately backed by gold. This does not mean that every debtor (including banks) keeps the full amount…

• Falling Interest Rates Destroy Capital

  Published 19 July 2012 | viewed 0 times

  I have written other pieces on the topic of fractional reserve banking (http://keithweiner.posterous.com/61391483 and http://keithweiner.posterous.com/fractional-reserve-is-not-the-problem) duration mismatch, which is when someone borrows short-term money to…

• Duration Mismatch Will Always Fail

  Published 11 July 2012 | viewed 0 times

  I have written a number of pieces on fractional reserve banking and duration mismatch. I have argued that the former is perfectly fine, both morally…

• My Second Lecture Irredeemable Currency vs. Gold: The Solution

  Published 14 June 2012 | viewed 0 times

  Here is the second session where I propose a unique solution of how we get from today's broken dollar system to gold. The video is…

• Gold Manipulation Conspiracy Theory Revisited

  Published 13 June 2012 | viewed 0 times

  On Friday, June 8, King World News had a blog entry ( http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_London_Trader_-_Staggering_515_Tons_of_Gold_Sold_in_4_Hours.html) based on an interview with an anonymous London Gold Trader. Eric King…

• In a Gold Standard, How Are Interest Rates Set?

  Published 05 June 2012 | viewed 0 times

  Today, short-term interest rates are set by the diktats of the central bank. And long-term interest rates are set in a "market" in which the…

• Dollar Backwardation

  Published 23 May 2012 | viewed 0 times

  The current financial crisis, may progress to a phase where people demand and hoard dollar bills but take electronic deposit credits only at a discount…

• Backwardation in Gold And Silver

  Published 16 May 2012 | viewed 0 times

  On Monday, May 14, something happened that hasn't happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the…

• Open Letter to Steve Keen, Who Says Stimulus Is Necessary

  Published 26 April 2012 | viewed 0 times

  Dear Professor Keen, I am a monetary scientist and a fan of some of your work. I admire the courage it took for you to…

• Floating Exchange Rates: Unworkable and Dishonest

  Published 17 April 2012 | viewed 0 times

  Milton Friedman was a proponent of so-called "floating" exchange rates between the various irredeemable paper currencies that he promoted as the proper monetary system. Many…

• Irredeemable Paper Money, Feature #451

  Published 13 April 2012 | viewed 0 times

  I am writing this, having just returned from the fourth course at the New Austrian School of Economics, in Munich. The single biggest theme was…

• My Response to Bernanke

  Published 02 April 2012 | viewed 0 times

  Benjamin Bernanke Chairman of the Federal Reserve Mar 25, 2012 Re: Open Letter to Discuss Your Misunderstandings About Gold Dear Ben: You have publicly gone…

• The Arbitrageur: Temporary Backwardation: The Path Forward from 2008

  Published 21 March 2012 | viewed 0 times

  The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has…

• Caution: Falling Currencies

  Published 16 March 2012 | viewed 0 times

  In 1913, the US Congress authorized the creation of the Federal Reserve. Its mandate was limited, but it grew over time to become the central…

• The Arbitrageur: What Force in the World Could Take Gold Down $100?

  Published 07 March 2012 | viewed 0 times

  On Feb 29, gold fell $100 an ounce from a high of $1790 to a low of $1688. Numerous breathless conspiracies abound, but most center…

• The Arbitrageur: The Decline and Fall of Silver Backwardation

  Published 21 February 2012 | viewed 0 times

  On Friday, I published an article: The Arbitrageur: Silver Backwardation. I was the only one to cover the news of the end of silver backwardation.…

• The Arbitrageur: Silver Backwardation

  Published 17 February 2012 | viewed 0 times

  Ever since early fall 2010, long-dated silver futures have been in backwardation. This means the price of a silver future for, say, Dec 2015, was…

• Stocks vs. Flows

  Published 16 February 2012 | viewed 0 times

  Today, people who believe that gold is money think that one should hoard gold. They seek to take possession personally. Or when they have it…

• Gold Bonds: Averting Financial Armageddon

  Published 29 January 2012 | viewed 0 times

  Orignally posted at the Gold Standard Institute on January 25, 2012   After the near-collapse of the financial system in 2008, a growing number of…