Gold Telegraph
@GoldTelegraph
CHANGE IS IN THE AIR?
The U.S. dollar was crowned the reserve currency in 1944 under the Bretton Woods Agreement.
In 1971, Nixon “temporarily” ended the dollar’s convertibility to gold.
From the 1970s to the 1990s, the Treasury directed the Federal Reserve to stabilize the dollar through market interventions.
In 2008, the Federal Reserve introduced quantitative easing, accelerating the erosion of purchasing power as central banks pursued wealth effects over currency stability.
As global debt climbs to $315 trillion and central banks cling to easing as their solution, the dollar’s fragility becomes more clear by the day.
The financial system is increasingly weaponized, and the world is watching. The stakes have never been higher.
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This is why international monetary system reform is beginning to unfold, with the next 24 hours poised to shape its direction.
We are all witnessing history.
In my conversation with Judy Shelton, we explored why reform of the international system is needed.
She says it would be powerful if the US issued a treasury instrument that includes the gold convertibility of the dollar at maturity.
Watch here:
GOLD TELEGRAPH CONVERSATIONS #1:
— Gold Telegraph ⚡ (@GoldTelegraph_) November 3, 2024
JUDY SHELTON
“I want the United States to be the leader if there's any kind of gold backing to a currency.” – @judyshel
Economic advisor to former President Donald Trump, Judy Shelton, joins me for a captivating conversation spanning a wide… pic.twitter.com/gmk9GqBCPz
Source(s):
https://x.com/GoldTelegraph_/status/1853971524224794636
https://x.com/GoldTelegraph_/status/1853977582485799195
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