Gold Wars

“This book is much more than a chronicle of gold wars. It is also an account of the historical failure of ‘Esperanto money.’ Over a hundred years ago, a Polish physician by the name of Ludovik Lazarus Zamenhof (1859-1917) created a synthetic language in the hope of removing the curse of Babel from mankind. According to the Bible man had become so conceited as to challenge God by proposing to build a tower that was to reah to High Heaven. God’s punishment for the temerity was to confuse the tongues of nations. The tower could never be completed for failure of communication due to the confusion of different languages. Zamenhoff called his new language ‘Esperanto’ meaning ‘the hopeful’. However, the hope was in vain as other synthetic languages such as ‘Ido’ sprang up. The confusion of tounges, and the curse of Babel, has remained.

Calling irredeemable currency ‘Esperanto money’ is apt. The Biblical story may be interpreted allegorically as an admonition not to challenge God by attempting to build a tower of irredeemable debt that is to reach to High Heaven. But the admonition fell upon deaf ears. Now God’s wrath is upon us. Currencies of nations have been confused. The tower can never be completed for lack of compatibility of means of payment. The hope of Esperanto money to remove the curse of Babel is in vain. Other synthetic currencies spring up such as the SDR (special drawing right), the euro, and so on. The confusion of currencies, and the curse of Babel, remains.” Get it here.

Gold Wars: The Battle Against Sound Money as Seen From a Swiss Perspective
Ferdinand Lips
The Foundation for the Advancement of Monetary Education. New York, New York
Copyright 2001 by Ferdinand Lips.