Eric King: “It’s fascinating what just happened in France with Le Pen demanding that the French repatriate their gold held abroad and put an end to further gold sales. I say ‘fascinating’ because here is what former French leader Charles De Gaulle said in 1965:
French leader Charles De Gaulle in 1965: “The fact that many countries, accept as a principle, dollars being as good as gold, for the payment of the differences existing to their advantage in the American balance of trade. This fact, leads Americans, to get into debt and to get into debt for free at the expense of other countries. Because what the US owes them it is paid, at least in part, with dollars the are the only one allowed to emit. Considering the serious consequences a crisis would have in such a domain, we think that measures must be taken on time to avoid it. We consider necessary that international trade be established as it was the case before the great misfortunes of the world, on a indisputable monetary base, and one that does not bear the mark of any particular country. Which base? In truth, no one see, how one could really have any standard criterion other than gold!”
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