something i sent to Mr. Jim Sinclair that may answer this question.
Source of information (pg. 19)
www.gold.org/download/pub_archive/pdf/Rs23.pdf
If gold is not money then why in 1950 did the USA hold 20279 tonnes of gold … peaking in 1952 at 20623.
Before Bretton Woods other countries could get gold from the USA and DID.
By 1973, U.S. holdings dropped to 8584 tonnes.
During that period, Switzerland, France, Germany, and Italy all had substantial reserve increases.
Bretton Woods was the first kick of the can by a government guilty of unsustainable spending.It was the first step in deferring the USA’s eventual bankruptcy, with the plan to spread the pain to all holders of US dollars, who could rely on the goodwill of the American political system.
Is gold money? The proof is in the golden pudding!
orgy
