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Grand Upheaval
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These handy tips will help you to survive in an air crash. You'd be able to make it if you know what to do.

http://grandupheaval.com/surviving-a-plane-crash/
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What were the most outrageous financial scams this century?
Probably, the list would be enlarged.

http://grandupheaval.com/4-financial-scams-21st-century/
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Is there really such a class like middle?
The forces that gave birth to the middle class will eventually kill it - a highly controversial article explains why.
http://grandupheaval.com/middle-class-disappearing/
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China sets forth a new economic plan, expecting growth, however, millions of people may lose their jobs.
http://grandupheaval.com/chinese-economic-plan/
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Barclays scales back in many countries. Is that a bad sign for them?
http://grandupheaval.com/barclays-knows-sth/
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So, what is the Bretton Woods monetary system?
All member countries are given the right to independently emit their currency. But the currencies should be pegged to the US dollar. It means national currency exchange rates publicly declared by central banks should exist and the central banks should actually buy and sell using these rates (+-1%). With that in mind, countries can independently devaluate and revaluate their currencies (change the declared exchange rate).
The US dollar is pegged to gold. It means the fixed value of gold in the dollars is declared, which is 35 dollars per troy ounce. And FRS shall buy and sell gold by this price.
The agreement member countries shall establish the International Monetary Fund. The IMF shall provide loans to cover imbalance of payments.
Therefore the issue where the member countries didn’t have backing (gold) was solved and prerequisites for transparent and efficient international trade were set.
http://grandupheaval.com/bretton-woods/
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