I’ll try to get a

copy of “Lord of Finance” but certainly keeping in mind James Grant’s view on it:

“”"If Mr. Ahamed were casting around for a genuine hero

of interwar finance, he missed his man. Jacques Rueff, the great French economist, sounded the alarm time and again. The classical gold standard

was an instrument of economic balance, he wrote, its successor an engine of excess. “For ten years,” Rueff declared in a speech in 1932, “we had

done everything in our power to undermine that equilibrium.”

Harrumphing about the “gold standard,” Mr. Ahamed reminds me of the fellow who

condemned “painting” because he had no use for Andy Warhol.”"”

I read Rueff thirty years ago. Never been in finance until three years when I

had suddenly money in charge. Re-reading his imprecative writings about the “monetary sin of the west” by the end of 2006 was is illuminary. And

even more useful than Roubini’s writings.

Rueff has the picture clear:
http://www.eppc.org/publications/pubID.2261/pub_detail.asp

I especially like this article that I’m in the process to translate (into French…). We are so américains here in Paris.

I’m really pleased to read about that book, especially as I’m fuelled with

energy to promote the petition on National

Banking.

More power to your elbows!
Sabine
Organiser, Forum for

Stable Currencies

time. It is so good that you can even read it in bed.

It was a shame that Schacht decided to “pal around” with Nazis, but he was extremely

ambitious, not unlike Karajan. Heisenberg tried to justify his working with the Nazi regime after the war, but Einstein never spoke to him again.

Richard Strauss stayed because his daughter-in-law was in a holding camp for Jews and he thought his visits might save her from the extermination

camps. I don’t know how much Norman knew about what was actually transpiring in Germany in the late ’30s, though it is likely that he was unaware

of the existence of the Wahnsee conference, Heydrich’s brilliant idea.

Hitler also had a good deal of help from IBM. It would have made

their job of locating all the Jews, gypsies, homosexuals, and disabled people that they so disliked more intractable without IBM’s technology.