Two weeks ago the leaders of the world met for what many referred to as Bretton Woods II. What transpired was one of the greatest misreads of cause and effect that the policy world has ever seen.
The G20 heads ostensibly got together to try and fix all the financial ills that have befallen us since the U.S broke the dollar’s link to gold in 1971. But judging by the news that leaked out, any policy that might result will surely bring more regulatory complexity to a world economy that presently needs less. In short, our leaders know not why we are struggling. The answer lies in a dollar that lacks definition.
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