Replies to post #2069 on ProShares Ultra Silver (AGQ)

[captainscotty]

#AGQ: THE PETRO $$$$ IS SINKING...! $32.75


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.