The Eighth Tribe, 1978 (5. évfolyam, 1-12. szám)
1978-09-01 / 9. szám
September, 1978 THE EIGHTH TRIBE Page 9 László Könnyű László Könnyű, contributor editor of this magazine, was elected as president of the St. Louis, Missouri Poetry Center. He is also a Director of Missouri Writers Guild, Member of National Society of Poetry, International Poetry Society, International Academy of Poets, Oxford, England of which he is a charter member and member of International P.E.N. Club. Since 1959 he edited and wrote 14 books in English, French and German languages, also in Hungarian. He is also the president of the American Hungarian Review. We congratulate Mr. Könnyű on bis achievements. Some of Mr. Könnyű’s books can be ordered through Bethlen Press, order slip and list of books on last page. The moneychanger Nicholas L. Deák When be was in his early 40s, Nicholas Deák parachuted into the Burmese jungles and the Balkans on many missions as an agent of the Office of Strategic Services in World War II. Now, in his early 70s, Deák has slowed down only a bit. He runs—not jogs, runs— three to five miles every morning on his own track at his estate in suburban New York. Then he is chauffered to the global headquarters of Deák & Co., in the Deák- Perera Building near Wall Street, where he directs the largest foreign exchange business in the Western Hemisphere. “In gold we trust,” is Deák’s philosophy, and he has made many fortunes by dealing in gilt and anxiety. Clients crowd his Hong Kong branch offices to buy newly minted “Deák Dollars,” small gold coins that command premium prices because they are stamped with Deák’s aquiline features. Other customers stand in line at his 42nd Street outlet in Manhattan to buy gold coins and Swiss franc traveler’s checks, which they stash away as investments. “World inflation has reached crisis proportions, only we do not realize it,” says Deák, his Béla I ugosi accent echoing his native Transvlvania. The demands for federal spending on welfare and defense are so intense that “various measures taken by the Government can affect inflation and the dollar, but only very little. I’m afraid that inflation will increase, and eventually our monetary system will collapse and our social structure will change. I went through all this before — in Hungary, Austria and Germany in the 1920s — and the trend is inevitable.” If inflation brings gross social change, not everybody will be hurt. Deák calculates that people who possess resources will do well. Farmers will flourish—unless Government steps in to regulate their income. His vested interests move Deák to believe that gold holders will prosper, because he expects the barbarous metal to rise and rise. Skeptics and optimists may dismiss his views as the ursine musings of just another gold fanatic. But it should be remembered that Nick Deák is a survivor of wars, inflation and collapses on two continents over half a century and in difficult times, perhaps the survivors can offer us a lesson.— —Selected excerpts from an article of Time, August 28, 1978 American Hungarian Reformed Presbyter’s Association The American Reformed Presbyter’s Association held its annual meeting on Sept. 3 in Ligonier, Pa. Present officers are: President, Joseph Révész, Homestead, Pa.; Secretary, Anthony C. Beke, Trenton, N.J.; Treasurer, Mrs. Helen Popely, Chicago, 111.; Vice-presidents: Eastern District, Alexander Hody, New Brunswick, N.J.; Central District, John Canelle, McKeesport, Pa.; Lakeside District, Michael Vince, Buffalo, N.Y.; Western District, Edmund Vig, Allen Park, Mich. After the official reports Sándor E. Chomos, editor of The Eighth Edmund Vig
