[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-324829-105":59,"doc-detail-324829-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","a-bankers-association-for-control-of-the-worlds-gold","A Bankers' Association for Control of the World's Gold","","Preservation microform bibliographic record describing a reproduction of an original work titled \"A Bankers' Association for Control of the World's Gold\". The text discusses an economic argument about exchange and currency, including proposals such as abolishing the gold standard, cancelling international debts, and recognizing Soviet Russia. It analyzes fiat paper money, the mechanics and risks of currency cancellation, and claims that successive repudiation could delay or intensify economic collapse across Europe, involving Germany, France, Russia, and Great Britain.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/a-bankers-association-for-control-of-the-worlds-gold/324829/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/a-bankers-association-for-control-of-the-worlds-gold/324829.png","ImageObject",300,407,{"name":92,"@type":93},"Quinn","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What proposals does the document attribute to M.L. Chazeilles regarding the currency system?","Question",{"text":113,"@type":114},"It lists the abolition of the gold standard, the cancellation of all international debts, and full recognition of Soviet Russia.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the document describe the proposed method of handling excessive paper currency?",{"text":118,"@type":114},"It argues that when paper money becomes unbearable, a nation could cancel existing currency and require exchanges at banks or the treasury, replacing it with bills of a different value.",{"name":120,"@type":111,"acceptedAnswer":121},"What critique does the document make of the “socialist panacea” discussed in connection with Chazeilles?",{"text":122,"@type":114},"It claims nations lack both the right and the power to print money into renewed prosperity, warning that Bolshevism and continued fiat financing could lead to repeated cycles of money printing and eventual 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DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nReproductions may not be made without permsion trom Columbla Univeorsity Lbraries.              \n## RESTRICTIONS ON USE:\n\nTECHNICAL MICROFORM DATA  \nFILM SIZE:          35mmREDUCTION RATIO:      10:/  \nMAGE PLACEMENT:IA  \nDATE FILMED:                    3.4-97  \nINITIALS:                    MS  \nTRACKING\\#:                                                                                                22390  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n# A Bankers'Association for Control ofthe World's Gold\n\nM.L.CHAZEILLES,PANACEA  \n110  \n0291323(8  \n# A BANKER’S ASSOCIATION FOR CONTROL OFTHE WORLD’S GOLD\n\nM.L.CHAZEILLES,'PANACEA  \nAn interesting contribution to the study of the problemof exchange and currency has been made by M.L.Chazeilles,a famous French economist.He advocates:一  \n1.The abolition of the Gold Standard.  \n2.The cancellation of all International debts.  \n3.Full recognition of Soviet Russia.  \nHe writes:\"The hard facts of the situation are that Europeis groaning under a war debt which it can never under any cir-cumstances pay.  \nThe logic of it is that a day will come when three alter-natives will present themselves;either the creditors wipe thedebt off,either some method will be found for paying orEurope will be forced into involuntary bankruptey.Since thefirst is unlikely and the second,in view of experts,impossible,the natural deduction is that bankruptcy is inevitable.  \nThe printing of paper money is a fearful expedient butit does not necessarily entail absolute ruin to the inhabitantsof a country.When the load of paper becomes unbearable,a nation has always the way out by cancellation.When thetime is ripe,the Russian people will be called upon to go to theirbanks or the treasury andexchange the million rouble for billsworth only one thousand.Simultaneously the old currencywill be cancelled and will no longer be passed anywhere,exceptin banks and there for a thousandth part of its face value.Simple,of course,but unworkable unless the Government isin a strong enough position to uphold the new currency.Ifthat is not the case,the new currency will sink in its turn andthe whole weary procedure will have to be gone through again.  \nCancellation was practiced by France after the Napoleonicwars.Financiers and economists then screamed ruin and pre-  \n1  \ndicted that France's credit would never recover but it recoveredin less than ten years  \nWhat has been done before will be done again.Thenext decade will find the printing presses of Europe workingovertime turning out money and then will come cancellationand a final house cleaning.  \nThe danger to France in this situation is that Russiaand Germany have commenced inflation sooner.By artificiallymaintaining the value of the frane,the French Government isonly delaying the eventual return to prosperity.  \nThe great fallacy of Chazeilles is that like all Socialists hebelieves that nations have the right,as well as the power,toprint money.He calls fiat money a fearful expedient yetclamours for the abolition of the gold standard.  \nIt is strange than an educated man who sees the plight ofthe European nations so clearly can nourish the dream thatthey can be saved and work back to normal prosperity throughsuccessive stages of repudiation.Chazeilles is a disciple ofJean Jacques Rousseau.The Saturday Evening Post has amuch clearer vision of European economic problems.It says:  \n\"The four thorniest problems of international finance andthe four weightiest are:  \n1.How to reduce German reparations equitably toa sum that Germany can pay without a ruinouscollapse.  \n2.How to stabilize the depreciating currencies ofEurope and to restore a regime of honest money.  \n3.How to adjust equitably interallied debts and soto restore a normal bal","cbCainCIqpBa0V6c","https://ap.wps.com/l/cbCainCIqpBa0V6c","pdf",1110911,18,"English","# Restrictions on Use\n## Technical Microform Data\n# A Bankers' Association for Control of the World's Gold\n## Main Proposals and Arguments\n## Role of Fiat Money and Cancellation","[{\"question\":\"What proposals does the document attribute to M.L. Chazeilles regarding the currency system?\",\"answer\":\"It lists the abolition of the gold standard, the cancellation of all international debts, and full recognition of Soviet Russia.\"},{\"question\":\"How does the document describe the proposed method of handling excessive paper currency?\",\"answer\":\"It argues that when paper money becomes unbearable, a nation could cancel existing currency and require exchanges at banks or the treasury, replacing it with bills of a different value.\"},{\"question\":\"What critique does the document make of the “socialist panacea” discussed in connection with Chazeilles?\",\"answer\":\"It claims nations lack both the right and the power to print money into renewed prosperity, warning that Bolshevism and continued fiat financing could lead to repeated cycles of money printing and eventual cancellation.\"}]","A Bankers' Association for Control of the World's Gold | PDF",1789968980,45]