"I'm ignorant but can anyone explain to me why any country would give custody of its treasure to another country? Can it not construct its own safe house?"
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It was an old system for settling international payments. A long hallway with rooms: one room was labeled Germany and the other France. And, let's say, at the end of the year or the end of each quarter (I don't remember this detail), a wheelbarrow would move the gold from one place to another. Today, the system controlled by the despotic power of Washington is similar.
China's dollars are on a hard drive in Washington
Nothing has changed since the City of London
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It was an old system for settling international payments. A long hallway with rooms: one room was labeled Germany and the other France. And, let's say, at the end of the year or the end of each quarter (I don't remember this detail), a wheelbarrow would move the gold from one place to another. Today, the system controlled by the despotic power of Washington is similar.
China's dollars are on a hard drive in Washington
Nothing has changed since the City of London