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The People’s Bank of China (PBOC) and Switzerland-based Bank for International Settlements (BIS) signed the Renminbi Liquidity Arrangement (RMBLA) to create... 28.06.2022, Sputnik International
Well, currency debasement is pretty bad, as a few key statistics will reveal, but first some background. At the Bretton Woods Conference in 1944 the US agreed that it would redeem dollars for gold at $35 per ounce. If the US conducted a disciplined and honest monetary system, this would mean that the dollar was "as good as gold"; i.e., the US would not create more dollars
Today’s global fiat money system, the dollar standard, originated from government trickery and deception by self-serving politicians serving special interest groups.
Modern defenses of price controls overlook the example of postwar West Germany.
Modern defenses of price controls overlook the example of postwar West Germany.