A Quote by Robert Mundell
The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.
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When you say that after World War I there was a pandemic that killed more people than the war itself, most will say: "Wait, are you kidding? I know World War I, but there was no World War 1.5, was there?" But people were traveling around after the war, and that meant the force of infection was much higher. And the problem is that the rate of travel back then was dramatically less than what we have nowadays.
I think it was 50 million people across the world who marched against the war in Iraq. It was perhaps the biggest display of public morality in the world - you know, I mean, before the war happened. Before the war happened, everybody knew that they were being fed lies.
Britain kept its position as the dominant world power well into the 20th century despite steady decline. By the end of World War II, dominance had shifted decisively into the hands of the upstart across the sea, the United States, by far the most powerful and wealthy society in world history.
My own father was a refugee from the Spanish civil war in the 1930s, later going on to become a BBC radio producer after World War II.
Then down came the lid--the day was lost, for art, at Sarajevo. World-politics stepped in, and a war was started which has not ended yet: a "war to end war." But it merely ended art. It did not end war.
It was an easy thing to tax for a young country. And then gradually we moved to property taxes, manufacturing taxes, and the income tax was the answer to a populist demand: Let's go after the rich guys. We got into World War I, and they raised the rates and started taxing the rich. Then we got into World War II, and that's when they taxed everybody, because they just needed more revenue.
In one sense, I have always felt glad to have had the war [World War II] in my childhood, because, as a result, nothing that has happened in the world since then has ever seemed quite so bad. On the other hand, I never entirely got over my feeling of being cheated when the promised era of peace in a wonderful "post-war world" failed to materialize. I could not understand how, after all that, people could ever even think of fighting again. And I still can't.
If Donald Trump dismantles the agreement [the "Iran nuclear deal"] won by President Barack Obama with President Hassan Rouhani and the Iranian government and people: If he dismantles that, and puts greater sanctions on Iran, then we are leading to another war; another war inspired by Israel, another war that will bring China into war, Russia into war, Europe into war. And the Western world, in this war, will be taken completely down, and a whole new world is on the horizon.
One began to hear it said that World War I was the chemists' war, World War II was the physicists' war, World War III (may it never come) will be the mathematicians' war.
Horror movies started to wane around the onset of World War II, and after World War II, when all the troops came home, people weren't really interested in seeing horror movies, because they had the real horror right on their front doorsteps.
I think in many ways, the Spanish Civil War was the first battle of World War II. After all, where else in the world at this point did you have Americans in uniform who were being bombed by Nazi planes four years before the U.S. entered World War II? Hitler and Mussolini jumped in on the side of Francisco Franco and his Spanish nationalists, sent them vast amounts of military aid, airplanes, tanks - and Mussolini sent 80,000 ground troops as well - because they wanted a sympathetic ally in power. So I think it really was the opening act of World War II.
When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
Actually, the phrase "national security" is barely used until the 1930s. And there's a reason. By then, the United States was beginning to become global. Before that the United States had been mostly a regional power - Britain was the biggest global power. After the Second World War, national security is everywhere, because we basically owned the world, so our security is threatened everywhere. Not just on our borders, but everywhere - so you have to have a thousand military bases around the world for "defense."
The primary reason I'm in real estate, oil, gold, and silver is because the U.S. dollar has become the peso the world. It's becoming more and more worthless as the U.S. is the world's biggest debtor nation.
America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy.
World War II broke out in 1939, and many people credit that war with saving the economy.
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