Businessmen must understand what is happening to their capital. Issues that the national debate on the accounting scandals dare not touch.
Gentle readers, below is a scanned copy — the only copy on the internet — of Prof. Antal E. Fekete’s article: The Wrecker’s Ball of Swinging Interest Rates (2002).
This article is necessary to fully comprehend Fekete’s prophetic 1986 warning of the deflationary bond/derivatives bull market that for decades has been, and still is, destroying the capital base of the world economy.
I love my little Red Dots.
See that map at the bottom of maxphoton.com? Click on it and you control the world!
Each Red Dot, covering a 40km x 40km area, represents at least one living, breathing person, struggling to get by in this totally insane world, who took precious time to visit me.
That’s all I have at this point: little Red Dots.
A “Monetary Crank” Vindicated
Dear Universe, here, a gift from Max Photon: below is the only scanned copy on the internet of Antal E. Fekete’s prophetic monograph Deflation: Retrospect and Prospect (1986).
(Also see: The Wrecker’s Ball of Swinging Interest Rates, by Antal E. Fekete (2002)).
Be sure to compare Fekete’s spot-on 27-year-
old-young warning of deflation with my Portrait of Deflation, a long-term chart of 10YR US Treasury Bond yields. His prediction is still unfolding before our very blind eyes. The wrecker’s ball is in a powerful deflationary swing.