2015-12-18plata.com.mx

``... this contraction was unprecedented, since we have data going back to 1948, and never, ever, has there been a sustained contraction in the total of Central Bank International Reserves since the creation of the present international monetary system in 1944, at Bretton Woods... In our opinion, the present contraction of International Reserves announces a secular change of trend to liquidation of international debt and consequently to Depression.''



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