Hello!

I have just started this blog… so bear with me as I am on a learning curve. The blog is called Rudy on Gold for good reasons; I have been financially damaged by the so called ‘GFC’ or Global Financial Crisis. But this name is a misnomer; it is in reality a Global Monetary Crisis… some coincidence that this spells GMC… or nowadays Government Motors Company.

The crisis first became visible through the bankruptcy of corporations, like Lehman Brothers, Bear Sterns, General Motors, Northern Rock… etc. It is now spreading to countries; that is, the so called Sovereign Debt issue is becoming visible. The real causes however are still not discussed in the mainstream media; the real causes of the GFC are what this blog will be about.

About Rudy Fritsch

I was born in Hungary in 1947, and fled Socialist tyranny during the Hungarian Revolution of 1956. My family had lived through WWII and the consequent Hungarian hyperinflation, thus I have intimate experience with financial destruction. My Dad used Gold to buy our way out of Hungary. Paper money was as good as toilet paper. Later in life, during my studies of Austrian economics, I came to realize that only Gold could solve the Global Financial Crisis (which should be called the Global Monetary Crisis), just as Gold solved our otherwise insoluble problem of getting out of Communist Hungary.
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2 Responses to Hello!

  1. Way to go Rudy.
    I look forward to your new book.
    Cheers, P

  2. Rudy Fritsch says:

    Thanks… and the new book is being finalized by Anthony. I will make an entry when it its ready for ‘prime time’

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