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The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
Do You Think It's the Breton Wood System?
In the early 19 sixtiesthe ile system is already subverting the breton wood system and allowing another level of intermediation between national systems. The term ura simply means offshore, off shore of the us. You can set up a quoto bank in these off shore places like the camen islands, or london, or montreal, or any of these other places that allow banks basically to be unregulated. So as long as you're doing business with people around the world, we don't give a ship what you do. That allowed the good side of this banking system to essentially solve triffin's dilemma. Wheras it was no longer a national currency tied to
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