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Today is 49 years since Bretton Woods. Why it matters more than ever

Published On: August 15, 2020

Summary

By sueyangfx.com August 15, 2020 at 02:06PM Deficits are a major challenge to the dollar-based system On August 15, 1971 – exactly 49 years ago – the gold-pegged Bretton Woods system collapsed. After nations began to demand redeeming dollars for […]

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By sueyangfx.com

August 15, 2020 at 02:06PM

Deficits are a major challenge to the dollar-based system
On August 15, 1971 – exactly 49 years ago – the gold-pegged Bretton Woods system collapsed.
After nations began to demand redeeming dollars for gold, President Richard Nixon shocked the world with the following after secret meetings at Camp David:

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