The document discusses the transition from the Bretton Woods system to a global fiat currency system, highlighting the impact of this change on global financial markets. It outlines the causes of financial crises over the past 45 years, emphasizing the role of fiat currencies and deregulation in increasing credit and debt creation. The document also covers the rise of Eurocurrencies, the end of dollar convertibility to gold, and the subsequent economic and geopolitical developments.
doj/DataSet10/EFTA01384464.pdf
{"title":"Long-Term Asset Return Study: The Next Financial Crisis","key_people":["Milton Friedman","Nixon"],"document_date":"2017-09-18","document_type":"other","key_locations":["London"],"key_organizations":["Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0084671","SDNY_GM_00230855","EFTA01384464"]}