The Gold Standard Institute has a new President; ME!

There are rumors making the rounds regarding The Gold Standard Institute… including rumors of changes in management, rumors of changes in direction, and even malicious rumors of ‘conspiracy’…

The fact is that Mr. Philip Barton, the founder and guiding spirit of The Gold Standard Institute, has resigned as President, for strictly personal reasons. He remains a staunch supporter and will continue to contribute to the newsletter and to the Institute.

As the new president of TGSI, I would like to clear up some of the rumors. Clearly, since I am the new president, there have indeed been some changes in the management team. Not only am I now the President (my previous position was Editor in Chief) but there are several other new members of The Gold Standard Institute team as well. I take this opportunity to introduce them;


Rudy Fritsch, Canada; President

Thomas Bachheimer, Switzerland; Vice President

Petar Brekalo, Austria; Treasurer and web site administrator


Professor Emeritus Antal E. Fekete, Hungary; Patron

Sandeep Jaitly, United Kingdom; Head of Economics Research

So, the obvious question is, what does this mean; will there be changes to the institute and its vision, its reason for existence? The short answer is… no… and yes! The vision stays the same.

The purpose of the Institute is to gather, preserve and disseminate the TRUTH about Gold, about Money, about the Gold Standard, and about the current -failing- monetary ‘system’ the world is on. This vision is sacrosanct, and will not change one iota.

As to how the institute will operate to attain its goal, its vision…well yes, there may indeed be some changes.

The fact is that there are over 1.3 Billion people active on the Internet today… and the number is exploding. My goal is to reach as many of these people as possible, as quickly as possible… because the only way the world economy can possibly recover is by people recognizing well hidden truths; the truth that Gold is Money… the truth that paper ‘money’ is debt masquerading as Money… the truth that debt is not money.

More strongly, the only way people of the world can avoid financial serfdom is by recognizing and acting on these truths!

The false ideology underpinning world financial policy must change; people need to understand that government control of money is deadly; that the Warfare/Welfare state is deadly; and that Fiat money underpins this deadly system that is currently collapsing. People need to understand that the Unadulterated Gold Standard needs to become the basis of the world financial system.

Unless and until this is accomplished, the financial and freedom crises will continue to deepen. This is not the time to go into the why and how of this blunt statement; if you want to understand why it is true, read the articles and commentary at TGSI web site. Visit Professor Fekete’s website, and study his work. Read my book Beyond Mises… it makes the cause and cure of the Global Financial Crisis crystal clear.

Regarding the ‘conspiracy’ rumors, it is hilarious to see that the very people who conspire to pass off paper debt notes ( aka Dollar Bills, Euros etc. ) as Money… have the temerity to accuse The Gold Standard Institute of being a conspiracy! Hahaha, my ribs are splitting laughing at this…

To paraphrase the Buddha;

“Do not believe anything to be true just because Authority says it is true”

By Golly, which authority; today, there is no agreement on what ‘authority’ says. Are the ‘Keynesian’ authorities right…? are the Chicago School ‘monetarist’ authorities right…? or -heaven help us- are the ‘Austrian economist’ authorities right…??

And this is only in the field of economics! Today, news outlets quote a ‘consensus opinion’ of economists… as if averaging idiotic statements from a large enough number of idiots will lead us to The Truth… hilarious, and sad.

“Do not believe anything to be true just because Tradition says it is true”

Again, which tradition should we believe has a strangle hold on Truth… Classical Liberalism, Socialism, Capitalism, Free Market Libertarianism, Anarchy, Statism, Laissez Faire…? there is no end to this either.

“Do not believe anything to be true just because I say it is true”

Incredibly, the Buddha was referring to Himself when he said this! He said do not believe anything to be true just because the Buddha says it is true.

I say to you, in all honesty;

Do not believe a word I say! Do not believe a word TGSI says…

So where does this leave us? Right where the Buddha left us;

“Believe only that which you understand, and that which makes sense to YOU”

This is the case I make for the Gold Standard Institute; look at us, study us, and if what we say makes sense to you, if the logic and reasoning behind our statements makes sense to you, then -and only then- believe in us.

This is the way the major problems of the world will be resolved; not only economic problems, but many others, for example;

Health problems… “Trust the Doctors and the pharmaceutical companies”…

Warfare problems… “Trust the Military/industrial complex”…

Financial problems… “Trust the Bankers and politicians”…

There is no end to the problems we have, is there… and why? Because we give away our own power; to Authority, to Tradition, to the ‘Buddha’!

So go ahead, read our articles, study our opinions, come to our courses. Review our videos… and if you decide that what we are saying is right, if you decide that what we are saying makes sense… then come and join us.

Join our efforts to bring Truth to the world. Help us by contributing to TGSI, by volunteering to translate our web site to as many languages as possible, by translating our books and handouts. Help us by supporting our efforts to disseminate the truth… but only if you know that what we are doing is right.


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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