{"id":85,"date":"2018-07-19T20:58:33","date_gmt":"2018-07-19T20:58:33","guid":{"rendered":"http:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/?page_id=85"},"modified":"2018-07-19T20:58:33","modified_gmt":"2018-07-19T20:58:33","slug":"foreign-exchange-reserves","status":"publish","type":"page","link":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/foreign-exchange-reserves\/","title":{"rendered":"Foreign Exchange Reserves"},"content":{"rendered":"<p>by David Chen<\/p>\n<p>Upon the end of World War II, foreign exchange reserves used to be tied to Gold Standard in Bretton Woods system.\u00a0 After 1970&#8217;s, US dollar has become the de facto foreign exchange reserve currency for most of the world(and to a much smaller extend, earlier British pound sterling, later the Euro).\u00a0 We will only discuss pros and cons of those international trade currency based on fiat money here:<\/p>\n<h2>Pros<\/h2>\n<ul>\n<li>easy to handle trade deficit and surplus between nations<\/li>\n<li>provide good tools for international trade policies and easy to stimulate economic development activities across borders<\/li>\n<li>bear good values when US government enacted responsible economic policies<\/li>\n<\/ul>\n<h2>Cons<\/h2>\n<ul>\n<li>lead to unfair loan practice to countries who can issue the exchange reserve currencies<\/li>\n<li>cause collective nervous breakdown when US government or general population acts irresponsibly<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h1>Does Transparent Gold possess the best of both worlds?<\/h1>\n<p>Answer: Yes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by David Chen Upon the end of World War II, foreign exchange reserves used to be tied to Gold Standard in Bretton Woods system.\u00a0 After 1970&#8217;s, US dollar has become the de facto foreign exchange reserve currency for most of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/foreign-exchange-reserves\/\">Read more <span class=\"screen-reader-text\">Foreign Exchange Reserves<\/span><span class=\"meta-nav\"> &#8250;<\/span><\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-85","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/85","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/comments?post=85"}],"version-history":[{"count":6,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/85\/revisions"}],"predecessor-version":[{"id":103,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/85\/revisions\/103"}],"wp:attachment":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/media?parent=85"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}