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If the Nixon shock ushered in the end of Bretton Woods 1.0, yesterday — probably to be named in history “Trump shock” — ushered in the end of Bretton Woods 2.0.
+positive catalyst for end of "correction": new debt ceiling which will provide an injection of liquidity,
+
Basel3 - 1 july 25
basel3 reclassified gold as Tier 1 asset, on par with cash and bonds