Civilisation is at stake...
Our civilization is in evident decline. If it weren’t, we would find several eminent economists of the stature of Jacques Rueff in the halls of power; he was the French economist who wisely counseled General Charles de Gaulle to remove France’s gold from the cellars of the NY Fed and transfer it to France. Charles De Gaulle was ostracised as an enemy of Europe, taking it on the chin from people with different agenda's.
Jacques Rueff was a man capable of understanding the fundamentals of how the world works. His vision was clear, and his intellectual scope was capable of taking in the details of local commerce as well as its international workings. Men and women of his capacity are still around today, but they are not welcome in the higher reaches of politics.
Rueff wrote a little book in 1963, “L’Age de L’Inflation” (“The Age of Inflation”) made up of some articles he had written. He wrote an “Introduction” to his book, and the very first words are these:
“LE SORT DE L’HOMME SE JOUE SUR LA MONNAIE”
A loose translation, taking into account the content of his book, would be:
“THE DESTINY OF MANKIND HINGES UPON GOLD”
The entire world is a great mess today because those in power made the wrong choice when deciding what currency their countries should use. They all chose a fiat currency instead of the Gold Standard and currency redeemable in gold at sight. That is the Original Sin of all irredeemable currencies.
Rueff was also active when the European Union was being forged. His book’s fifth essay ends with these prophetic words:
“L’ EUROPE SE FERA SUR LA MONNAIE, OU NE SE FERA PAS”
Translated loosely and considering Rueff’s views, this would be:
“EUROPE WILL BE BUILT UPON GOLD,
OR IT WILL NOT BE BUILT”
Indeed, United Europe is falling apart. But it is falling apart not because of a lack of “Fiscal Union”. It is collapsing because of the absence of the fundamental means for free international collaboration, based on the realities of each nation of Europe: there is no gold standard at work.
Somewhere in his books, Ludwig von Mises states that the beginning of the end of the Austro-Hungarian Empire came when gold coin stopped circulating in the Empire. It was this stable and trustworthy money that had held together an Empire made up of several nations with very different cultures. When the gold coin disappeared, the unifying factor was gone as well.
Gold is the money for societies made up of men and women who wish to live in the real world.
This is part of the trouble in our declining civilization: men and women in these times wish to live in illusions, and the politicians, the bankers and their mainstream economist lapdogs have been providing those illusions for many decades now. On purpose no less ! Those illusions were enabled by the “Welfare State” idea: comfort and security from cradle to grave, with no requirement of hard work to merit them. On the other hand, it would also be reasonable to say that men and women today live in illusions, because they were forced to do so by the fiat money they had to use. Once fiat money is in place, all becomes illusion and gambling and people give up trying to make sense of life. Pretty soon they take illusions to be realities.
It is our vision therefor, to re-establish sanity in economic thinking by exposing the fraudulent intellectuals, who are ants compared to Jaques Rueff, Carl Menger and even a Ron Paul. It is our vision to re-establish theoretical economics as a real science populated with real scientist instead of barking clowns.
(Based on and relying on large pieces of transcripts from an article by Mr. Hugo Salinas Price, with permission)