Believe it or not the author was a Marxist. weird huh?
He died in 2005
Guenter Reimann, a Marxist economist early in his career who eventually published one of the most expensive and influential newsletters on international capitalism and monetary exchange, died on Feb. 5 in Valley Stream, N.Y. He was 100 and lived in Manhasset, N.Y.
His death was announced by his family.
In his youth, Mr. Reimann was associated with the Communist opposition to Hitler's rise to power in Germany. After fleeing into exile, first to Britain and then to the United States, he published his first books here analyzing the market systems of Nazi Germany and Fascist Italy.
After World War II, having settled in New York, he started International Reports on Finance and Currency, a weekly advisory compiled for an elite group of subscribers who paid handsomely for it. It made him well-to-do but never changed his own his dim view of capitalism, especially in its unfettered variety.
His newsletter billed itself as the "oldest advisory service in all fields of international finance." He started it in the wake of the Bretton Woods conference, which created the International Monetary Fund and the World Bank. The institutions were established in 1946, but in the postwar chaos official exchange rates were largely on paper only and international commerce often was at the mercy of bartering and black market vagaries. Mr. Reimann helped dispel the confusion with his advisories.
His newsletter counted leading economists among a worldwide network of correspondents who provided independent analyses of current conditions and trends. It had bureaus in Europe, the Middle East, South America and Asia as well as an editorial board of international bankers and academics.