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Le péché monétaire de l'occident Summary:By Rueff Jacques
of evil: one who portended momentous events that no-one believed would happen. Cassandra, they used to call me. Today, no-one can doubt that Cassandra was right: I had foretold that the international monetary system would inevitably bring about a U.S. balance-of-payments deficit, inflation—first in creditor countries, then in the community of convertible-currency countries—and lastly the dislocation, in an atmosphere of general collapse, of the international monetary system, by reason of the accumulation of sight claims on U.S. gold. The first two sets of consequences have already come to pass. The third has been unfolding before us since 17 March 1968: the gradual and inexorable destruction of the structure built at Bretton Woods, which came to an end on 15 August 1971. However, it would be puerile to go on repeating "I told you so." What is important is to note that my prediction was no prophesy but only the expression of a logical necessity that should not have escaped the attention of a conscious observer." NEWER EBOOKSOLDER EBOOKS
Sponsored LinksLe péché monétaire de l'occident Keywordsu s monetary international cassandra consequences destruction inexorable unfolding march gradual sets dislocation lastly atmosphere collapse claims accumulation structure built necessity logical expression escaped attention portended momentous momentous events public opinion english edition rueff jacques péché monétaire |
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