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Thread: Bretton Woods and Amendments

  1. #1

    Bretton Woods and Amendments

    These should be available to anybody interested in redemption. Also get a look at the Current Asset Report - especially the footnotes about SDR's - Special Drawing Rights.

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    Last edited by David Merrill; 12-10-18 at 09:52 AM.

  2. #2
    Senior Member
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    Finally found it. Image is from The Department of State bulletin v.73 1975 Oct-Dec.
    Page 709. Speech made by Deputy Assistant Secretary for Economic and Business Affairs, Julius L. KATZ

    https://babel.hathitrust.org/cgi/pt?...ew=1up;seq=239

  3. #3
    Indirectly, I recently learned that the dollar is "pegged" to oil i.e. the Petrodollar.

    Mandating that oil be bought in dollars only generates demand for FRNs.

    The Bretton Woods system has been abandoned. Free floating currency is the standard currently.

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