IMF - talking of a new Bretton Woods system... 🧐
1/10
What is the Bretton Woods system - in 1944 it was a set of rules established for commercial and financial relations.... the obligation of countries was to adopt monetary policy that maintained its exchange rate within 1% by tying its currency to GOLD.....

2/10
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the IMF and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group.

3/10
The United States, which controlled two thirds of the world's gold, insisted that the Bretton Woods system rest on both gold and the US dollar. UNTIL 1971.... under Pres Nixon

4/10
The United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency. At the same time, many fixed currencies such as the pound sterling, also became free-floating.
5/10
In the wake of the Global financial crisis of 2008, some policymakers, such as Chace, and others have called for a new international monetary system that some of them also dub Bretton Woods II. On the other side, this crisis has revived the debate about Bretton Woods II.

6/10
In 2010, Prime Minister Papandreou of Greece said, "Democratic governments worldwide must establish a new global financial architecture, as bold in its own way as Bretton Woods........And we need it fast."
7/10
Some info on Bretton Woods

8/10

gold.org/about-gold/his…
A return to the #GoldStandard ?

It’s not unfeasible

9/10

fee.org/articles/how-t…
Gold backed #crypto ?

There’s tokens out there already 🧐
10/10

cryptobriefing.com/top-5-gold-bac…

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