Followers | 325 |
Posts | 20139 |
Boards Moderated | 5 |
Alias Born | 12/15/2012 |
Saturday, September 18, 2021 12:02:29 PM
THE DAY IS NEAR WHEN THE USD WILL CRASH...!
THAT'S WHEN WE WILL SEE $250.00 SILVER /OZ
$SILVER IS TIED TO THE USD / Bretton Woods system
https://www.thoughtco.com/the-bretton-woods-system-overview-1147446
https://www.thoughtco.com/thmb/oGSiJ1EnBBjMcmlvxk7j2fxnlwM=/768x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/group-portrait-of-un-delegates-514698086-59af64cd845b3400118fadaa.jpg
Under the Bretton Woods system, central banks of countries other than the United States were given the task of maintaining fixed exchange rates between their currencies and the dollar. They did this by intervening in foreign exchange markets. If a country's currency was too high relative to the dollar, its central bank would sell its currency in exchange for dollars, driving down the value of its currency. Conversely, if the value of a country's money was too low, the country would buy its own currency, thereby driving up the price.
Eventually, a country that intervenes to support its currency may deplete its international reserves, making it unable to continue buttressing the currency and potentially leaving it unable to meet its international obligations.
FEATURED Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • Apr 17, 2024 8:00 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM
Branded Legacy, Inc. Reports Significant Net Income of Over $3.8 Million • BLEG • Apr 16, 2024 8:30 AM