This is not a technical capitalism crisis

devaluation of the dollar. "Good little soldiers, it is what they have done. And all of that changed America. Because he is not gone dead hand. He did vote by Congress that the parity of the gold dollar was reduced, not less than 45 and not more than 48.Today, the United States can no longer play on the dollar...

While gold still exists. In times of crisis, people accumulate it, major central banks are reluctant to sell. But the gold no longer plays the same role as the quantity of money is more determined by its value.

While gold still exists. In times of crisis, people accumulate it, major central banks are reluctant to sell. But the gold no longer plays the same role as the quantity of money is more determined by its value.But the dollar has become reserve currency.

Entirely. But it is another matter because it is a paper dollar. There is a lot to think between gold, reserve currency, and dollar reserve currency. Because gold is produced not while the dollar produces as much as you want. This is what makes the global crisis. After their unilateral decision in 1971 to abandon the very good system of Bretton Woods, the Americans could deliver the same dollars they wanted. They have had constant deficit payments scales. But nonetheless, with the dollars they produced, they could buy companies in Europe and in the world, with the currency of monkey. It is a force to the point of view of the technique. But after that, it is not surprising that international disorder settled.

Entirely. But it is another matter because it is a paper dollar. There is a lot to think between gold, reserve currency, and dollar reserve currency. Because gold is produced not while the dollar produces as much as you want. This is what makes the global crisis. After their unilateral decision in 1971 to abandon the very good system of Bretton Woods, the Americans could deliver the same dollars they wanted. They have had constant deficit payments scales. But nonetheless, with the dollars they produced, they could buy companies in Europe and in the world, with the currency of monkey. It is a force to the point of view of the technique. But after that, it is not surprising that international disorder settled.Should we then create an international currency based on a basket of currencies

It is an idea that had in its time Mendès France. What I argued, is that at some point, it should be that central banks create money without consideration. This led Jean-Claude Trichet to say to my son: "But your father, he is insane." What he wanted to, is that a helicopter throws dollars or francs on Paris. "This time however it is not too badly behaved. He was pleasantly surprised me.

It is an idea that had in its time Mendès France. What I argued, is that at some point, it should be that central banks create money without consideration. This led Jean-Claude Trichet to say to my son: "But your father, he is insane." What he wanted to, is that a helicopter throws dollars or francs on Paris. "This time however it is not too badly behaved. He was pleasantly surprised me.Is Europe weakened due to lack of political leadership

Can only be struck by the difference there is between the capacity for action that has a Obama in the US, even painfully, that manages to make vote its projects, and ignorance of a European command. There were small decisions taken by the effectiveness of Nicolas Sarkozy during the Presidency of the France, and supported by Chancellor Angela Merkel. They have forced José-Manuel Barroso to do something. The Chairman of the Committee European me indeed a little think about Hoover when he expected the recovery at the turn of the street.

Can only be struck by the difference there is between the capacity for action that has a Obama in the US, even painfully, that manages to make vote its projects, and ignorance of a European command. There were small decisions taken by the effectiveness of Nicolas Sarkozy during the Presidency of the France, and supported by Chancellor Angela Merkel. They have forced José-Manuel Barroso to do something. The Chairman of the Committee European me indeed a little think about Hoover when he expected the recovery at the turn of the street.Today English and Americans focus on innovation, growth, the recovery, even if not to make the regulation reforms that Europeans put forward. What do you think

Europeans have a reason. When you discover that the remuneration of traders, a whole class of financial and business leaders, this is not healthy morally but also economically. They don't know what to do with their money. They speculate, they buy lavish villas... What is economically wrong because it is not to produce and politically, in the long run, it is a risk.

Europeans have a reason. When you discover that the remuneration of traders, a whole class of financial and business leaders, this is not healthy morally but also economically. They don't know what to do with their money. They speculate, they buy lavish villas... What is economically wrong because it is not to produce and politically, in the long run, it is a risk.Is there today to a crisis of capitalism

No! This is not a crisis of capitalism but of the abuse of capitalism. It is essentially a crisis of financial capitalism which has become predatory and not not facilitator. This is not a technical capitalism crisis. There is more on large heads of industrial companies, such as a Carlos Ghosn.

No! This is not a crisis of capitalism but of the abuse of capitalism. It is essentially a crisis of financial capitalism which has become predatory and not not facilitator. This is not a technical capitalism crisis. We must rely more on large heads of industrial companies, such as a Carlos Ghosn after the second world war, you are Director of the Office of your father, Jules. How was rebuilt the France

In the immediate future, in 1944 and 1945, has been with Charles De Gaulle. Because it was a very great threat to the French economy was disorder that were reign FTP, the Communists. It was very hard to fight against it. It was that the General be touring through the France up the courage of its Commissioners of the Government. I remember the day when my father providing the acting of the Government because De Gaulle was in Russia, we received a telephone call from the Commissioner of the Republic in Lyon, Yves Farge, who said he was overwhelmed by the FTP in the Rhone Valley. We sent one of Communist Ministers in the interim Government in Lyon for calm. The reconstruction was made because De Gaulle managed to restore physical peace. It took six months. It has restated the France also mediate against Mendès France, he supported the choice of René Pleven (Finance Minister). He was right. Mendès France was one of the few politicians to have read Keynes. This is not enough. Me too I had read it, before the war.

In the immediate future, in 1944 and 1945, has been with Charles De Gaulle. Because there were a great threat to the French economy was disorder that were reign FTP, the Communists. It was very hard to fight against it. It was that the General be touring through the France up the courage of its Commissioners of the Government. I remember the day when my father providing the acting of the Government because De Gaulle was in Russia, we received a telephone call from the Commissioner of the Republic in Lyon, Yves Farge, who said he was overwhelmed by the FTP in the Rhone Valley. We sent one of Communist Ministers in the interim Government in Lyon for calm. The reconstruction was made because De Gaulle managed to restore physical peace. It took six months. It has restated the France also mediate against Mendès France, he supported the choice of René Pleven (Finance Minister). He was right. Mendès France was one of the few politicians to have read Keynes. This is not enough. Me too I had read it, before the war.

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