User:Kirez/Keith Weiner

Keith Weiner is an American software developer, economist, and entrepreneur. He founded, built, and sold software company DiamondWare. He is founder and CEO of the precious metals investment firm Monetary Metals. 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
Second Life implemented DiamondWare's 3D voice technology in 2007.

Nortel acquired DiamondWare in 2009 for $10 million.

DiamondWare defended against litigation by Deutsche Welle in one of the earliest tried cases of reverse domain name hijacking.

Doctoral dissertation in economics
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 ) 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
Keith Weiner's work nominated for the Wolfson Economics Prize in 2012 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.

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. He promoted a system in which debit and credit cards are backed by gold and silver. 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.

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.

Yield purchasing power and inflation as counterfeit credit
Where economists have used inflation to refer to rising consumer prices, Dr. Weiner has taught a different interpretation of inflation as counterfeit credit.

Falling interest rates destroy capital
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.

Gold backwardation as indicator of financial collapse
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.