Keith Weiner
| Keith Weiner | |
|---|---|
 Portrait photo of Keith Weiner 2013.jpg Keith Weiner in 2013 | |
| Born | Keith David Weiner October 14, 1967 New York City |
| 🏫 Education | Fairleigh Dickinson University, Rensselaer Polytechnic Institute, New School of Austrian Economics |
| 💼 Occupation | |
| 🏢 Organization | The Gold Standard Institute USA, DiamondWare, Ltd., Monetary Metals LLC |
Keith Weiner is an American software developer, economist[citation needed], entrepreneur and public intellectual[citation needed]. He founded, built, and sold software company DiamondWare.[1] He is founder and CEO of the precious metals investment firm Monetary Metals.[2] He is also President of the non-profit think tank Gold Standard Institute USA, and a contributing writer at Forbes, SNB CHF, ZeroHedge, Financial Sense, Seeking Alpha, Acting-Man.com, Investing.com, Talk Markets, Kitco, 24Hgold and Capitalism Magazine.
DiamondWare[edit]
Second Life implemented DiamondWare's 3D voice technology in 2007.[3]
Nortel acquired DiamondWare in 2009 for $10 million.[4]
DiamondWare defended against litigation by Deutsche Welle in one of the earliest tried cases of reverse domain name hijacking.[5]
Doctoral dissertation in economics[edit]
After selling [DiamondWare] to Nortel in 2010, Weiner completed a PhD in Economics under Professor Antal Fekete and Dr. Juan Ramon Rallo in the New Austrian School of Economics. His dissertation (currently self-published[6]) broke ground on bid-offer price spreads as proof of economic discoordination caused by nine versions of price controls affected by government intervention. It also identified seven quantifiable, observable conditions predicting imminent economic collapse.
States can issue gold bonds to extinguish debt[edit]
Keith Weiner's work nominated for the Wolfson Economics Prize in 2012[citation needed] is the basis for gold bonds that would extinguish state debts. Because these bonds would be based on flows of gold rather than reserves, issuing these bonds would not require additional taxes on state residents or consumers.[7]
In March of 2013, Mr. Weiner advocated passing a bill to make gold and silver legal tender in the state of Arizona, testifying to the Arizona House of Representatives that fiat currency is a debt that cannot be paid and will continue to increase exponentially, as it has done since Nixon defaulted on the US' gold standard in 1971.[8] He promoted a system in which debit and credit cards are backed by gold and silver. [9] Testifying in support of Texas' program to vault their own gold reserves, Weiner shared insights to protect gold owners from legal arrangements which put their ownership of vaulted gold at risk. [10]
In August of 2016, the Arizona House of Representatives convened a committee to explore the feasibility of issuing gold bonds, hearing testimony by Mr. Keith Weiner.[11]
Yield purchasing power and inflation as counterfeit credit[edit]
Where economists have used inflation to refer to rising consumer prices, Dr. Weiner has taught a different interpretation of inflation as counterfeit credit.[12]
Falling interest rates destroy capital[edit]
Because falling interest rates expand the use of capital for entrepreneurship, many economists and businessmen have welcomed and encouraged falling interest rates. Contrary to this position, Weiner has argued that falling interest rates destroy capital.[13]
Gold backwardation as indicator of financial collapse[edit]
Dr. Weiner has identified multiple economic indicators of creditors and investors removing their assets from the market, because they are convinced of default or collapse. One of these indicators is gold backwardation, which offers gold traders a free profit, if they are willing to offer gold for currency. Weiner has pointed out the appearance of backwardation in the collapse of 2008–2009, and that if backwardation persists, it indicates that investors have removed their confidence in the dollar. [14]
References[edit]
- ↑ "Keith Weiner: Executive Profile & Biography – Businessweek". bloomberg.com. Retrieved 18 August 2016.
- ↑ "Keith Weiner: Contributor – Forbes". Forbes.com. Retrieved 18 August 2016.
- ↑ "LINDEN LAB TO LAUNCH '3D VOICE' IN SECOND LIFE". Retrieved 5 September 2016.
- ↑ "Nortel acquires DiamondWare". The Globe and Mail. Retrieved 5 September 2016.
- ↑ "Deutsche Welle v. DiamondWare Limited Case No. D 2000–1202". WIPO Arbitration and Mediation Center. Retrieved 5 September 2016.
- ↑ "A Free Market for Goods, Services, and Money" (PDF). Retrieved 8 September 2016.
- ↑ "Arizona House Ad Hoc Committee on Gold Bonds". Retrieved 5 September 2016.
- ↑ "Arizona Lawmakers Advance Bill Making Gold and Silver Legal Tender". Retrieved 5 September 2016.
- ↑ "Arizona legislators urge gold, silver as cash". The Arizona Republic. Retrieved 5 September 2016.
- ↑ "Texas Gold Bill Becomes Law, State to Remove $1B Worth of Bullion From New York". Retrieved 6 September 2016.
- ↑ "State of Arizona convenes exploratory committee to look at creating a gold standard through issuance of gold bonds". Retrieved 5 September 2016.
- ↑ "Inflation: An Expansion of Counterfeit Credit". Retrieved 6 September 2016.
- ↑ "Gold Bonds: Averting Financial Armageddon". Retrieved 6 September 2016.
- ↑ "When Gold Backwardation Becomes Permanent". Retrieved 6 September 2016.
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