9 of 10 "The Collapse of the Smithsonian Agreement and the Struggle for Monetary Stability скачать в хорошем качестве

9 of 10 "The Collapse of the Smithsonian Agreement and the Struggle for Monetary Stability

🎉📈 Welcome to CINN Crypto Investor News Network 🌐🚀 - your go-to source for the latest news, insights, and expert analysis on Bitcoin, blockchain technology, and cryptocurrency 💰💡. We're dedicated to sharing our passion for digital currency 💸 and exploring how it has the potential to transform finance, investing, and wealth creation 🌍💼. We aim to empower you with the knowledge and insights you need to make informed investment decisions and achieve financial freedom 💪🏼🔑. Join us on our journey of discovery and be part of harnessing the power of blockchain technology 🔗✨. Visit our website at http://cryptoinvestornewsnetwork.com to stay informed and up-to-date with the latest trends, regulations, and expert insights 🔥📚. Remember to follow us on: Twitter (@cinncryptonews) 🐦: https://twitter.com/cinncryptonews TikTok 🎶: https://www.tiktok.com/@cinncryptonews Tradingview 📊: https://www.tradingview.com/u/CINNcryPTONEWS/ Instagram 📸: https://www.instagram.com/cinncryptonews/ We also offer exclusive merchandise through our CINN Shop 👕🛍️ (https://cryptoinvestornewsnetwork.com/shop/). We have partnered with trusted affiliates like 💼🤝 LEDGR (https://shop.ledger.com/?r=a0a048c7c4fe) CashApp (https://cash.app/app/RPXRBCT) Strike (https://invite.strike.me/W92H49) to bring you the best digital currency products and services. iTrust Capital Crypto IRA & Roth IRA: https://itrustcapital.com/?referral_id=1e8... Additionally, we recommend several books that provide valuable insights into cryptocurrency and finance 📚🧠: The Bitcoin Standard (https://amzn.to/39IVoYT) Rich Dad Poor Dad (https://amzn.to/3oWXlYn) The Price of Tomorrow (https://amzn.to/3irmXKm) The Creature from Jekyll Island: https://amzn.to/2Kr5GV0 1984: https://amzn.to/3sDTJwj What Has Government Done to Our Money?: https://amzn.to/2M0QfmT Skin in the Game: Hidden Asymmetries in Daily Life: https://amzn.to/3is8fmn ❗Disclaimer: The information in this video is for informational purposes only and does not constitute investment advice. Any investment decisions should be made after consulting with a financial advisor. CINN may have financial investments with the cryptocurrencies discussed in this video 📝💼. "The Collapse of the Smithsonian Agreement and the Struggle for Monetary Stability" Welcome back to the Crypto Investor News Network! In today's video, we'll discuss Phase VIII of the monetary breakdown of the West, focusing on the Smithsonian Agreement and its collapse between December 1971 and February 1973. Stay tuned until the end for information about our website, crypto merchandise, and Ledger hardware wallets. Remember to like, comment, share this video, and follow us on Twitter @CINNcryptonews! The Smithsonian Agreement, once hailed by President Nixon as the "greatest monetary agreement in the history of the world," proved to be even more fragile than its predecessors, the gold exchange standard of the 1920s and Bretton Woods. The system was inherently unstable, with fixed exchange rates but no gold or world money to provide currency backing. Several European currencies were undervalued compared to the dollar. The only U.S. concession was a small devaluation of the official dollar rate to $38 an ounce. This move shattered the long-held belief in the permanence of the $35 rate. The Agreement needed to be equipped to handle the ongoing inflation, decline of the dollar, and balance of payments deficits. The Eurodollar supply grew, and without gold backing, the free-market gold price skyrocketed to $215 an ounce. The overvaluation of the dollar and undervaluation of European and Japanese currencies became increasingly apparent, leading to the dollar's collapse on world markets in February and March 1973. Unable to continue buying dollars to support its overvalued rate, complex money countries like West Germany, Switzerland, and France saw the Smithsonian system crumble in just over a year, exposing the need for a more stable monetary system. The emergence of cryptocurrencies offers a decentralized and stable alternative to traditional fiat currencies, addressing the challenges faced in the past. To stay informed about the latest cryptocurrency news and developments, visit our website at cryptoinvestornewsnetwork.com. Before you go, check out our shop for exclusive crypto merchandise and secure your digital assets with a Ledger hardware wallet – links are in the description below. Don't forget to like, comment, share this video, and follow us on Twitter @CINNcryptonews for the latest updates on cryptocurrency!