Document Library
| Name | Description |
 | Ganesha and the Price of Gold | An analysis of supply and demand fundamentals suggests that the current gold price does not indicate an asset price bubble, and the historic change in the status of gold by central banks implies a major revaluation not yet reflected in the gold price. As the restructuring of the global economy continues, particularly with respect to the world reserve currency, there is a clear possibility that the gold price will move up sharply from current levels. |
| China's Dragons: Oil, Gold, and the US Dollar | China and a growing list of countries are against the petrodollar standard and for a new reserve currency. The petrodollar standard is the Achilles' heel of the US dollar's world reserve currency status. China is the second biggest consumer of oil and Asia, as a region, is the largest. A stronger Chinese yuan will guarantee China's oil supply. The US dollar moved from a gold standard to a de facto oil standard in 1971. When the petrodollar standard ends, the US dollar will fall while oil and gold--two things that China is buying--will rise. |
| Faces of Death: The US Dollar in Crisis | Past monetary inflation has led to unsustainable debt levels in the US crippling banks and crushing the US economy. The US policy response guarantees a lower dollar in the future. |
| Madmen, Gamblers, Alcoholics, the US Dollar and Gold | Investors, governments and central banks around the world are seeking safety outside the US dollar, particularly in gold, as well as outside of the US stock market, e.g., in emerging economies. |
| The Ultimate Bubble and the Mother of All Carry Trades | Low interest rates contribute to the formation of asset price bubbles, but neither the value of the US dollar or the price of gold depend only on interest rates or on the US dollar carry trade. |
| What is Austrian Economics? | Austrian economics emphasizes free markets and the organizing power of the price mechanism. The complexity of human behavior precludes predictive modeling of markets, thus a laissez faire approach is best. Commercial arrangements based on voluntary contracts should be free from coercive forces, particularly government interference. |
|
For coverage of key economic data, trends
and analysis as well as in-depth analyses of companies with
extraordinary value and upside potential, consider the Hera Research Monthly newsletter.
|
|
The caduceus (from the Greek kerykeion), depicted as a short herald's staff entwined by two serpents in the form of a double helix surmounted by wings, is carried by Iris, who is the messenger of the goddess Hera.
|
|
The Temple of Hera located in the ancient Greek city of Poseidonia is an archaic Doric temple built circa 550 BCE, The temple at Poseidonia is part of a larger enclosed sanctuary to Hera, a Heraion, that encompasses several minor temples and altars. An open-air altar, where
offerings to Hera are made, is located in front of the temple. The
altar, which is made from blocks of limestone, extends the
entire breath of the temple and is accessible by lateral stairs.
Offerings to Hera are made on the open-air altar in front of the temple
thus the faithful can attend rites and sacrifices without entering the
naos or central room.
|
|
A Vision of Hera
Thy beauteous form before me, it did seem,
appeared, O mistress Hera, in a dream.
As first, by fervent prayers called,
to Atreus' royal sons of old.
For when they Ares' work completed had,
from where the streams of the Scamander sped
they started hither for their home,
but first to Argos could not come.
Until they prayed to thee and Zeus thy lord,
and also Thyone's lovely child implored
with incense-offerings even now
their townsmen keep their ancient vow.
- Sappho (from The lyric songs of the Greeks: The extant fragments of Sappho, Alcaeus, Anacreon, and the minor Greek monodists, by Walter Petersen, Badger 1918, translated from the Egyptian papyri)
|
|
|
