Germany's Central Bank Gold Reserves and the Question of Repayment

The chapter explores the movement of Germany's central bank's gold reserves from New York, London, and Paris to Frankfurt, discussing the motivation behind it and the historical context of hyperinflation and changing role of gold in settling balance of payments deficits. It also touches upon the realization that the United States may never be able to repay its foreign debt, leading to questioning of debt repayment to the IMF and the World Bank.