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A move toward a sound money system could strengthen global trust in the currency and reduce reliance on fiat money.
A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that ...
Treasury Secretary Scott Bessent said Wednesday that the International Monetary Fund and the World Bank are guilty of ...
The economy of Ancient Athens was more than just silver coins - it was an early model of a financial empire. With an ...
Or is this laying the foundation for a massive monetary reset, one that puts gold at the center of the system?” She also asks rhetorically whether this elite group of regulators, the BIS, ...
"We're not concerned at this stage about the resilience of the international monetary system. It would take something much bigger than this." However, medium-term growth prospects remained ...
The new system gave the US the ability to relax her fiscal discipline, since the rest of the world wanted to hold dollars as reserve currency. This created an “exorbitant privilege ...
Now we have over indebted governments, over inflated financial assets in financial markets flooded in fiat liquidity and an international monetary system of fiat which has passed its sell-by date.
The US helped create both institutions near the end of World War II as part of the Bretton Woods Agreement, which set a framework for a new international monetary system in the decades that followed.