It's actually not that hard, they done it in the past:
The Bretton Woods system, established in 1944, was a monetary order that governed international currency relations among 44 countries. Under this system, currencies were pegged to the US dollar, which in turn was pegged to gold at a fixed rate of $35 per ounce. Here are key aspects of…
It's actually not that hard, they done it in the past:
The Bretton Woods system, established in 1944, was a monetary order that governed international currency relations among 44 countries. Under this system, currencies were pegged to the US dollar, which in turn was pegged to gold at a fixed rate of $35 per ounce. Here are key aspects of Bretton Woods currency:
Fixed Exchange Rates: Currencies were fixed against the US dollar, with exchange rates adjusted only in exceptional circumstances.
Gold Standard: The US dollar was pegged to gold at $35 per ounce, and other currencies were pegged to the dollar. This created a de facto gold standard.
Currency Convertibility: Most currencies were convertible into US dollars, and subsequently into gold.
Capital Controls: Countries maintained capital controls to regulate the flow of capital and prevent speculative attacks on currencies.
International Monetary Fund (IMF): The IMF was established to monitor exchange rates, provide financial assistance to member countries, and promote international monetary cooperation.
Currency Examples:
Pound Sterling: Initially pegged at $2.80 = £1, later devalued to $2.40 = £1 in 1967.
Swiss Franc: Pegged to the US dollar, with exchange rates ranging from 4.373 to 1.374 per US dollar between 1945 and 1998.
Norwegian Krone: Initially pegged to the US dollar at 4.03, later floated in 1971 and re-linked to a basket of currencies in 1978.
And you need to keep in mind that the debt you see is not the debt they worry about. They worry about derivatives, all $144.4 trillion of them.
However derivatives have a get out of jail card, a force majeure clause, meaning in the event of something catastrophic, they dissolve, the debt disappears.
They used WW2 the last time they played this currency game, but a one or two year plague will accomplish the same, especially if you throw in mandatory vaxs.
I think they may try for a NWO currency for the West. They may back it with a basket of commodities such as gold (again), silver (again), maybe even coal, oil. The idea would be attractive to a number of EU countries.
Although I think such an approach might be a hard sell here, but a lot will depend on who gets to drive this turnip truck of a government next.
It's actually not that hard, they done it in the past:
The Bretton Woods system, established in 1944, was a monetary order that governed international currency relations among 44 countries. Under this system, currencies were pegged to the US dollar, which in turn was pegged to gold at a fixed rate of $35 per ounce. Here are key aspects of Bretton Woods currency:
Fixed Exchange Rates: Currencies were fixed against the US dollar, with exchange rates adjusted only in exceptional circumstances.
Gold Standard: The US dollar was pegged to gold at $35 per ounce, and other currencies were pegged to the dollar. This created a de facto gold standard.
Currency Convertibility: Most currencies were convertible into US dollars, and subsequently into gold.
Capital Controls: Countries maintained capital controls to regulate the flow of capital and prevent speculative attacks on currencies.
International Monetary Fund (IMF): The IMF was established to monitor exchange rates, provide financial assistance to member countries, and promote international monetary cooperation.
Currency Examples:
Pound Sterling: Initially pegged at $2.80 = £1, later devalued to $2.40 = £1 in 1967.
Swiss Franc: Pegged to the US dollar, with exchange rates ranging from 4.373 to 1.374 per US dollar between 1945 and 1998.
Norwegian Krone: Initially pegged to the US dollar at 4.03, later floated in 1971 and re-linked to a basket of currencies in 1978.
And you need to keep in mind that the debt you see is not the debt they worry about. They worry about derivatives, all $144.4 trillion of them.
However derivatives have a get out of jail card, a force majeure clause, meaning in the event of something catastrophic, they dissolve, the debt disappears.
They used WW2 the last time they played this currency game, but a one or two year plague will accomplish the same, especially if you throw in mandatory vaxs.
Wait a minute. "Not too hard"? All it required was WWII???
Also, the last time I saw a figure for the derivatives market, it was in the range of $600 Trillion and that was a decade ago or more.
Myself ... I think we should back air with air. At least we could still breath.
True, but you can't eat air.
I think they may try for a NWO currency for the West. They may back it with a basket of commodities such as gold (again), silver (again), maybe even coal, oil. The idea would be attractive to a number of EU countries.
Although I think such an approach might be a hard sell here, but a lot will depend on who gets to drive this turnip truck of a government next.