A presentation to the monthly meeting of the “Círculo de Estudios México” (“Circle for Mexican Studies”) on October 2, 2006, chaired by its founder, former President of Mexico, Miguel de la Madrid Hurtado (1982-1988)

With regard to silver coinage, Mexico has followed the model established by the Roman Empire 2,000 years ago. During the late Roman Empire bronze coins were ingeniously silver-plated to resemble silver coins; a little rubbing revealed the bronze

Neither the elected president, Felipe Calderón, nor anyone, can dig us out of the hole caused by false money as long as the root cause of the problem is not addressed, no matter how intelligent and honest the administration of the next president may be

Even if we call a horse a cow, it is still a horse. We can certainly call what we use for exchange today money; and we can regard it as money. But let us be perfectly clear: when we receive today’s money, we are most certainly not receiving payment

There is not enough gold offered for sale to satisfy demand for gold at $550 dollars an ounce. The WBCs today either cannot or do not wish to let go of gold in quantities sufficient to keep the price of gold in check