Karl Heinrich Marx

For the Soviet system, inspired by Marx, currency was the manifestation of social evil, the relationship with commodity production.  There were certainly some countries where this practice was even more radical than the Soviet system.  This was particularly true of Cambodia and the Khmer Rouge, where trade itself, including bartering, was the objectification of evil itself.  To some degree, it surpassed even Marx’s theories.  In his book the “Critique of Political Economy,” Marx spoke about exchange values and not exchange itself.  It is for this reason that André Malraux called “PolPotism” the Marxism of imbeciles.

That said, the conclusion that Pol Pot and his friends and family made from Marx’s theories, is not that far away from Marx’s ideas, because for Marx the historical process itself results in the production of useful values.  For this reason, Pol Pot’s followers condemned the production of exchange values; therefore exchange itself.  This explains the terrible reality of the demographic collapse in Cambodia during the implementation of what some have called a “murderous utopia.”  The dismissal of exchange can only lead to the disappearance of all systems for satisfying needs; therefore an empire of death, collective suicide.  Of course, in this system characterised by the dismissal of production for trade, access to goods and services has always been conditioned by a hierarchical order of socialist societies, the needs of leaders, including their ostentatious needs, were covered by society.

Boris Yeltsin, who was the first president of Russia after the fall of communism in the 1990’s, declared in October 1987, in a speech to the Central Committee of the Communist Party of the Soviet Union: “Yes comrades, it is not easy to explain to a factory worker why in the seventieth year of political power, he is forced to queue to buy sausages in which there is more starch than meat whilst on our tables there is sturgeon and caviar and all sorts of fine meats obtained without any problems from a place which he is not even allowed near.  In these special shops reserved for the nomenklatura (the ruling bureaucratic elite of the former Soviet Union), “the prices of goods were inversely proportional to the position the “customer” had in the nomenklatura.  The higher your position in the hierarchy, the lower the price was.”.  More precisely, this means that for members of the nomenklatura money was certified, that is to say that the higher up a person was in the nomenklatura the higher the value of their money.
EXTRACT FROM THE BOOK by Norman Palma and Edouard Husson –  Capitalism is sick of its currency

According to this book – It has often been said that it was not possible to predict the economic and financial crisis that is currently sweeping across the world.  Nothing could be further from the truth.  At the root of the crisis is an International Monetary System that has been seriously affected by the dollar standard system.  For several decades, informed minds had warned of the possible devastating effects on the world economy as a result of the American Federal Reserve’s issuing policy.  As Maurice Allais, the French Nobel Prize Winner for Economics, emphatically said with general indifference “what will happen will happen” What has happened today always happens with paper money systems: after the euphoria of increasing credit without any restrictions the crash arrives.  This is why the dollar is heading towards total depreciation.”

Although every effort is being made to postpone it, we cannot avoid the collapse of the dollar and currencies which unwisely held it up.  To limit the effects of this unavoidable catastrophe, if it is at all possible, we must urgently create an International Account Unit which is a basket of major paper currencies to which we must add gold in order to restore vital credibility to paper money.  Then, we should not be content with returning to a gold reference system, which will in any case impose itself on the market, no matter what top political and economic leaders think.  Due to limits on the quantity of gold, it will be necessary to return to its vital circulating complement: silver, which ruled alongside gold, during the historical rise of the wealth of nations.  With this diagnostic put forward, and with the only possible remedy analysed, all that remains is for an immense reform to be implemented by a politician largely responsible for the situation, who has nothing planned and whose actions will in all respects be judged by this present tragedy.

Tags: crisis, DOLLAR, Economy, Gold, History, Russia

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