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 <a href="https://en.wikipedia.org/wiki/Bretton_Woods_system">Bretton Woods I</a> monetary system—ushered in the <a href="https://bewaterltd.com/p/the-metamorphosis-of-money">Bretton Woods II</a> pure fiat monetary system in 1971.

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 monetary system—ushered in the Bretton Woods II pure fiat monetary system in 1971.

Once or twice a century, the world undergoes a transformation of historic importance.&nbsp;Everything&nbsp;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&nbsp;<a href="https://en.wikipedia.org/wiki/Bretton_Woods_system" rel="noopener noreferrer">Bretton Woods I</a>&nbsp;monetary system—ushered in the&nbsp;<a href="https://bewaterltd.com/p/the-metamorphosis-of-money" rel="noopener noreferrer">Bretton Woods II</a>&nbsp;pure fiat monetary system in 1971.

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