From The Gold Standard Institute
By Hugo Salinas Price
''At Bretton Woods in 1944 Henry Morgenthau
and Harry Dexter White outmaneuvered John Maynard Keynes, the British
Delegate to the Monetary Conference, and the Conference ended by
accepting the American “diktat” for the post-war monetary structure of
the world: the dollar was to be as good as gold for purposes of
international payments, and the US promised to redeem for gold dollars
held by other national central banks at the rate of one ounce of gold
for each $35 dollars tendered for redemption.
This was a structure doomed to failure from the start, and men such as Jacques Rueff of France understood this quite clearly.''
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