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The True Story of The 1944 Bretton Woods Agreement

Must see video:

The True Story of the Bretton Woods

Two interesting takeaways:

  1. Great Britain's wrecking of Bretton Wood reveals how regulation becomes nothing absent a willingness to enforce the rule of law backing agreements, much the same circumstance as has led to our most recent financial crisis.
  2. British pound's devaluation was to wrecking the industrial prowess of the United States as the present push to devalue the U.S. dollar is to destroying the sovereign nation state.