Beyond Bretton Woods: When it comes to money, we need a common discipline

The New York Sun/Jacques de Laorsiere

Repost from 10-13-2021

photo of Jackques La Rosierre, former IMF managing director, president of the bank of France“So the world at large welcomed the collapse of Bretton Woods as a ‘liberation.’ In reality, though, the world was not free. It became more and more dependent on financial markets which are now the financiers and decision makers of our system.”

USAGOLD note: Important and surprising insights on the history of the current monetary system and where we stand now from the former managing director of the International Monetary Fund and president of the Bank of France ……

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