September 23rd, 2009

to our homepage dedicated to the work of Helmut Creutz about the basics of our monetary system. I’m happy to announce that the English edition of THE MONEY SYNDROME is now available. The German version of this book “Das Geldsyndrom” was first published in 1993 after twelve years of research that the author Helmut Creutz had undertaken. Since then thousands of readers got acquainted with his findings and the book became an indispensable work of reference for all those, who are convinced that our economic system should be thoroughly reviewed and reformed.

THE MONEY SYNDROME mainly deals with the German national economy since the end of World War II with a few side glances at other national economies. The English speaking reader might consider the emphasis on the German situation a disadvantage of the book. And yet there is another aspect which might make it worthwhile to have a closer look at Germany’s economic development.

In 1948 the German economy virtually started at point zero. There was little left, that could be used as a basis for the reconstruction of the country. It was mainly based on the strong willingness of its inhabitants to get back as soon as possible to a decent and worthwhile lifestyle. The economic development went through an “economic miracle” during the 1960ies until the mid-seventies when the first signs of a saturated economy appeared. The development of Germany’s economy was straight and clear, there have been no major deviations from the capitalist way despite an accent on social market economy and it managed to become one of the leading industrial nations.

The rise and fall of the German economy during the past 60 years is the textbook story of a capitalist society.

The presented material in THE MONEY SYNDROME – economic figures, tables, graphs and charts – allow the distinction of the various stages a capitalist economy is going through. On the example of Germany’s economy the effects and their causes become clear, which in a less comprehensive development of other economies may not be identified as precisely as in the German example, because the various phenomena are associated with assumptions or ideological convictions that may lead astray.

Today we are facing a financial crisis the dimension of which surpasses everything that has been known up to now. We are looking in the abyss of unprecedented squalor and corruption on the one side and on the other side sheer helplessness and fear. It’s time to go to the very roots of economic activity and remember what economy should actually be: a solid basis for a sound culture that respects human rights and dignity and facilitates prudent dealings with the natural environment on planet earth. The “real existing” socialism and capitalism have failed to provide this basis.

THE MONEY SYNDROME offers uncountable stimulations for a genuine new thinking.