http://www.dailyreckoning.com.au/bretton-woods-agreement/2006/11/29/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/bretton-woods-agreement/2006/11/29/comment-page-1/#comment-92974 Gold … and the Summer of Love « Uncle Wiggily’s Heartland Notebook Sat, 15 Aug 2009 18:05:37 +0000 http://www.dailyreckoning.com.au/bretton-woods-agreement/2006/11/29/#comment-92974 [...] In 1933, FDR more or less arbitrarily raised the price of gold from the historical $20.67 per ounce to $35.00 in an effort to stem the rising tide of economic depression by printing more money. This ill-advised and inflationary effort ultimately failed of course, and in 1944 the Allied nations met at Bretton Woods, New Hampshire to establish a worldwide monetary system based on what was called the “Gold Exchange Standard”. The GES was, in actuality, a cruel sham designed to give the impression of a Gold Standard, but indeed allowed countries to inflate their currencies at will. I will not take the time or space here to fully delineate the hoax that was the Bretton Woods Agreement, but you can read about it here. [...] [...] In 1933, FDR more or less arbitrarily raised the price of gold from the historical $20.67 per ounce to $35.00 in an effort to stem the rising tide of economic depression by printing more money. This ill-advised and inflationary effort ultimately failed of course, and in 1944 the Allied nations met at Bretton Woods, New Hampshire to establish a worldwide monetary system based on what was called the “Gold Exchange Standard”. The GES was, in actuality, a cruel sham designed to give the impression of a Gold Standard, but indeed allowed countries to inflate their currencies at will. I will not take the time or space here to fully delineate the hoax that was the Bretton Woods Agreement, but you can read about it here. [...]

]]> http://www.dailyreckoning.com.au/bretton-woods-agreement/2006/11/29/comment-page-1/#comment-76472 The Daily Eudemon Sat, 02 May 2009 11:07:27 +0000 http://www.dailyreckoning.com.au/bretton-woods-agreement/2006/11/29/#comment-76472 [...] little history: The U.S. Dollar became the world’s currency in 1944 at Bretton Woods. Why? Because the U.S. was the only nation still on the gold standard. The other nations had [...] [...] little history: The U.S. Dollar became the world’s currency in 1944 at Bretton Woods. Why? Because the U.S. was the only nation still on the gold standard. The other nations had [...]

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