German professor warns us before WWII

• Catknight

  17 Apr 08, 20:48

  In 1930's a german professor warns the world what will happen to our economy if the bankers got their way and do away with gold and today we're reaping the fruits of the sins of our fathers In his 1930 book Arbeitslosigkeit und Kapitalbildung (Unemployment and Capital Formation) If we want to exorcise the world of the incubus of unemployment with which it has been saddled by greedy governments in making bank notes legal tender, not only must we return to the international gold standard, but we must also rehabilitate its clearing system, the bill market. In this way the fund, out of which wages to all those eager to earn them for work in providing the consumer with goods and services can be paid, will be resurrected. Then, and only then, can the so-called welfare state paying workers for not working and farmers for not farming be dismantled.
• Poh Ah Pak

  17 Apr 08, 22:18

  http://symposium.gq.nu/cquigley/TH07.htm

  http://real-world-news.org/bk-quigley/00.html
  

• Daddy!!

  22 Apr 08, 20:13

  not long ago, a few months back, i wrote that the west could issue unlimited money without the market punishing it, like now.  and for Singapore to do the same, we will see the market punish singapore's currency to junky banana level.  now you see what i mean by observing what the western central banks are doing to rescue their banks and how calm the markets are at the moment.

   

  US dollar standard gives the west lots of power over the rest of the world.  thats why, gold standard is scrapped.