Multi-Billionaire Hugo Salinas Price Just Issued A Dire Warning To The World
With so many people around the globe worried about what the planet faces in 2017, multi-billionaire Hugo Salinas Price just issued this dire warning to the world.
Multi-billionaire Hugo Salinas Price: The president elect of the US, Mr. Trump, does not know what he is doing when he proposes protectionist measures to encourage the reindustrialization of the US and bring home again, the American industry that emigrated to foreign lands.
The US lost their industry as a result of the Bretton Woods Agreements, which were signed (under pressure) by representatives of the allied countries and of the countries conquered by the US in World War II. Those Agreements established the world’s monetary system for the post-war world, after the victory of the Allies, which was already in sight in 1944.
The monetary system was to be based on gold, which would be the world’s reserve currency, supplemented by the American dollar, which was to be considered “as good as gold”. So the world’s monetary system was founded upon a lie: that a promise can be as good as the physical thing it promises.
Hugo Salinas Price Issues Dire Warning
This lie has accumulated a negative “karma” for the US since the moment it was pronounced, and the financial disaster which will overtake the world in the not distant future is its consequence.
Smoking My Cigar And Contemplating The World’s Financial Situation
In 1960, the economist Robert Triffin detected the central problem residing in the Bretton Woods Agreements. I detected the same problem without having any knowledge of “Triffin’s Paradox”, as it has come to be known. Many years ago, sitting in my office smoking my cigar and contemplating the world’s financial situation, I came to the same conclusion as Triffin…