Antal Fekete On Why The Gold Standard Must Be Rehabilitated
Courtesy of Safe Harbor, must read speech delivered by Antal Fekete ealier today.
The Deep Cause Of The Great Financial Crisis: The Peace Diktat Of Versailles
Speech delivered at the Munich Economic Talks, October 6, 2010
Ladies and Gentlemen,
According to a recent news item, not widely circulated, after more than 90 years of slavery, on October 3, 2010, Germany made the final payment for its World War I debt. This event is highly symbolic. It gives me great pleasure to be one of the first to congratulate you, literally hours after the German people were finally freed from debt slavery.
I have been a student of money and credit for over fifty years. I could summarize the result of my studies as follows: Most, if not all, the great events in the history of mankind since the advent of money, have a causal explanation. The causes are to be found in the use or abuse of money and credit -- provided that we penetrate historiography sufficiently deeply.