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Felix Moreno de la Cova: Revisiting 'Gold Wars' by Ferdinand Lips
3:51p ET Wednesday, October 3, 2012
Dear Friend of GATA and Gold:
"Gold Wars" by the late Ferdinand Lips, the history of Western central banking's struggle to deprive humanity of the best and most democratic money, has just been published in a Spanish edition, and the Spanish economist and trader Felix Moreno de la Cova celebrated it in a recent speech delivered in Madrid. An excerpt from that speech has been put into English and posted at GoldMoney's Internet site.
De la Cova says: "'Gold Wars' is the story of the rise of fiat currency and the demise of gold-backed money over the 20th century: from the collapse of the classical gold standard at the outbreak of the First World War in 1914, through the protectionism and trade wars of the 1930s, to the rise of the Bretton Woods system postwar, and the failure of the London Gold Pool and Nixon's 'gold shock' in 1971. He examines the determined monetary war -- or gold war -- the globe's financial elite fought against Switzerland during the 1990s, and how his country was sold out by its politicians and high financiers, a process Lips calls 'the betrayal of Switzerland.' Readers may find it fitting that Lips ends his narrative in 2001, at the point of maximum pessimism in the gold market, but which is now clearly visible as the year in which the metal's latest and perhaps greatest bull market got under way."
GATA is cited favorably by Lips in "Gold Wars."
De la Cova's remarks are headlined "'Gold Wars' Revisted" and they're posted at GoldMoney here:
http://www.goldmoney.com/gold-research/felix-moreno-de-la-cova/gold-wars...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
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Wednesday-Saturday, October 24-27, 2012
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
http://www.neworleansconference.com/
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