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The US Two-Tier Monetary System that Ended in 1971

The US Two-Tier Monetary System that Ended in 1971 QUESTION: You said the US had a two-tier monetary system under Bretton Woods. Can you explain that one, please? DHJ ANSWER: When Roosevelt confiscated gold, he created, in reality, a two-tier monetary system quite frankly as the medieval city of Florence. The Great Financial Panic of 1344 […]

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