dimpy.handa
Dimpy Handa
When central bank chiefs start kicking around the gold standard idea, you know things are looking bleak.
World Bank Chief Robert Zoelick is recommending consideration of a modified version of the gold standard similar to the Bretton Woods agreement to guide currency rates.
Its not likely to be considered.
No details are available (why waste time on details of recommendations that won't even be considered?), but I can certainly see such an artificial construct ending very much the same way Bretton Woods ended.
Can you imagine the accusations of inflating relative to gold and the outraged denials on the part of member nations if such a Bretton Woods II were to be implemented?
World Bank Chief Robert Zoelick is recommending consideration of a modified version of the gold standard similar to the Bretton Woods agreement to guide currency rates.
Its not likely to be considered.
No details are available (why waste time on details of recommendations that won't even be considered?), but I can certainly see such an artificial construct ending very much the same way Bretton Woods ended.
Can you imagine the accusations of inflating relative to gold and the outraged denials on the part of member nations if such a Bretton Woods II were to be implemented?