(((They))) built a "hybrid" system that functioned like a financial pyramid:>The Core Anchor: The United States possessed roughly 70% of the world's central bank gold. Therefore, the US Dollar was pegged strictly to gold at a fixed rate of $35 per ounce.>The Global Peg: Every other major country (the UK, France, Germany, Japan) stopped pegging their currencies to gold. Instead, they pegged their currencies to the US Dollar.>The Guarantee: If a foreign government accumulated a massive pile of US paper dollars from trade, the US promised they could ship those paper dollars to New York and swap them for physical gold bars from Fort Knox.Next stop, Zimbabwe.
>>62312098go get a job, you shiftless bum.
>>62312098TRVTH NVKE >>62312254Sully off, you spineless coward
