1965: De Gaulle predicted the US monetary crisis, asked for a gold standard

[Petit Tonnerre]

YouTube - DE GAULLE predicted the US monetary crisis in 1965 (http://www.youtube.com/watch?v=i-g2iGskFPE)


Well...In fact, he didn't know a thing about economics, as he often self confessed, but had a great Austrian School adviser called Jacques Rueff at his side.

[hugolp]

Incredible video.

[Chester Copperpot]

Is this a real video or a bullshit joke like the one with the Iranian president talking about austrian economics awhile back?


(It doest seem more believable especially how France was the country that caused Nixon to shut the gold window because they were redeeming their US dollar holdings for gold.)

[Petit Tonnerre]

Is this a real video or a bullshit joke like the one with the Iranian president talking about austrian economics awhile back?


(It doest seem more believable especially how France was the country that caused Nixon to shut the gold window because they were redeeming their US dollar holdings for gold.)

Hum, I don't know what was this Iranian video, but I ensure you this one is real, I did translate it myself.
And you are absolutely right, this was from a press conference, some years before Nixon did all his mess.

[Chester Copperpot]

Hum, I don't know what was this Iranian video, but I ensure you this one is real, I did translate it myself.
And you are absolutely right, this was from a press conference, some years before Nixon did all his mess.

ok cool.. I see now that youre from France.. good stuff.


During the campaign one of the RP people 'translated' an Iranian video and it had the president meeting students.. and they were discussing Austrian economics, the evils of central banking and debt, and at the end even presenting a 'gold award'...

The guy admitted it was a joke afterwards.. but we had a good solid day to make ourselves assholes out there to everybody we touted the video to.

Im glad to see this is the real deal.. thanks man.. ill spread it around

[timosman]

https://www.youtube.com/watch?v=i-g2iGskFPE

[Madison320]

The French are very familiar with the horrors of high inflation from fiat money. But it could never happen here. :o

https://mises.org/system/tdf/Fiat%20Money%20Inflation%20in%20France_2.pdf?file= 1&type=document

[Zippyjuan]

The French are very familiar with the horrors of high inflation from fiat money. But it could never happen here. :o

https://mises.org/system/tdf/Fiat%20Money%20Inflation%20in%20France_2.pdf?file= 1&type=document

Fiscal policy is usually based on what was the biggest problem you had in the past. For the US- that was the Great Depression and its high unemployment. We haven't really experienced much in the way of very high inflation (not above 20% since the country was founded) so our policy focuses more on keeping unemployment down. Germany has had to deal with hyperinflation so that is their main focus- keeping inflation low. France has had both. Both Germany and France have put in big social programs to cushion the unemployment problem (though not the government expenses problem) and let their central bank focus on the inflation rate.

Turns out inflation is much easier to try to effect with fiscal policies than unemployment is though.