Connecting the Dots in the Real World
Created by Roy Perlmutter October 10 2012
Triffin exposed serious flaws in the Bretton Woods monetary system and perfectly predicted it’s inevitable demise yet his work remains largely ignored and unstudied by today’s mainstream economists. This “flaw” became known as the Triffin dilemma, and many believe Triffin’s dilemma has as serious implications today as it did 50 years ago.
Now that the price of gold is re-establishing its rising trend, understanding its future role as a replacement for the US dollar is increasingly urgent, because gold is wealth and this wealth is being transferred from west to east.
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