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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.88+1.2%Nov 28 4:00 PM EST

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To: TobagoJack who wrote (67677)10/31/2010 6:03:07 AM
From: elmatador1 Recommendation   of 218112
 
USD enough for 2 billion on an economy. Ended 1970.

During Cold War period.
Two billion world economy meant: USA, Europe (west), Japan and a few associated Anglo countries and some pockets of economies here and there,
By 1970, the world eocnomy overgrown the system action among friends.

US jumped off Gold Standard. Since then, it had been trying to patch up the system action among friends aka Bretton Woods.

That patch up was done by:
jacking up currencies of Europe and Japan via a currency cartel called G-7.
Fleecing all capital going to LATAM (1980s)
Fleecing all capital going to Asia. Late 90s)
Creating artificial bubbles.

The system unwinded mid 90s. Gathered pace, first decade of 2000s and runs ahead of everything that was patched up.

The old system still try to use old assumptions to deny the reality that the world economy double in size and that double is out of the G7 control.
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