Chris Watling lays out the case for a great reset of the financial system, which has so far led to increasingly speculative economies, widespread inequality and serial asset price bubbles.
"On average international monetary systems last about 35 to 40 years before the tensions they create becomes too great and a new system is required.
Prior to the first world war, major economies existed on a hard gold standard. Intra-wars, most economies returned to a “semi-hard” gold standard. At the end of the second world war, a new international system was designed — the Bretton Woods order — with the dollar tied to gold, and other key currencies tied to the dollar."
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