''Reflections on the Effects of War as Compared to the Effects of Fiat Money''

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From The Gold Standard Institute
By Hugo Salinas Price

''At Bretton Woods in 1944 Henry Morgenthau and Harry Dexter White outmaneuvered John Maynard Keynes, the British Delegate to the Monetary Conference, and the Conference ended by accepting the American “diktat” for the post-war monetary structure of the world: the dollar was to be as good as gold for purposes of international payments, and the US promised to redeem for gold dollars held by other national central banks at the rate of one ounce of gold for each $35 dollars tendered for redemption.
This was a structure doomed to failure from the start, and men such as Jacques Rueff of France understood this quite clearly.''

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