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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (68896)12/1/2010 1:16:04 PM
From: elmatador  Read Replies (1) | Respond to of 219855
 
The 1970s were perhaps (then) the worst decade of most industrialized countries' economic performance since the Great Depression.

That gace us: Daniel Elsberg, Agee and Deep Throat.

This worst recession sicne Great Depression is giving us: Assange.

Chas must remember: the following train of events all of the interrelated:

Gold Standard

In August 1971, took the dollar off the gold standard. With some minor variations this had been in place since the Bretton Woods Agreement of 1944 and fixed the conversion rate for one Troy ounce of gold at $35.

In August 1972, United States devalued dollar to $38 per ounce of gold.

In March 1973, Most of the major countries adopted a floating exchange rate system.

Vietnam's debacle
Fall of Saigon 1975

Obama plays Jimmy Carter this time around.

export-driven economic development in Asia, especially by the Four Asian Tigers (Hong Kong, South Korea, Singapore, and Taiwan),

China plays the Four Asian Tigers today.