Enter Multiflation

Enter Multiflation

Once or twice a century, the world undergoes a transformation of historic importance. Everything changes—but the transformation is so profound that its full magnitude and meaning only become clear in hindsight. The last such transformation—the collapse of the Bretton Woods I [https://en.wikipedia.org/wiki/Bretton_Woods_system] monetary system—ushered in the Bretton Woods II [https://bewaterltd.com/p/the-metamorphosis-of-money] pure fiat monetary system in 1971.