Loading ...“Where they agreed to establish the International Monetary Fund and the World Bank.”
“The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated”
Comment: That’s when TPTB stuck us with reserve currency status on the USA. Pin the tail on the Donkey. They also established fixed exchange rates. And trade deficits in the USA had to be “squared off” with Gold, and we lost lots and lots of Gold, to a point in 1971, where the USA put a stop to exchanging Gold for excess imported dollars that were spent on imports. So after 1971 alleged free floating exchange rates, everything on average costs 20 times more.