The Predicament
Perry Woods is a Mid West Guitarist/Vocalist who refers to his style of mus… Read Full Bio ↴Perry Woods is a Mid West Guitarist/Vocalist who refers to his style of music as: MEDITATIVE POP...
Perry Woods released his first CD as a member of the Javier Mendoza Band in 2000.
The CD, Step Into My Place, not only recieved radio play in the USA; but also Spain and Mexico.
Following the success of the first CD; Perry released his first solo CD entitled Meditative Pop 69.
Songs from Med. Pop 69; Would You and I Love You recieved extended radio airplay and were the catalyst that put Perry on tour as the opening act for several national recording artist: Jamie Cullum, Erin Bodie, and The Schwag to name a few bands;-)
Personally, Perry Woods is a Third Generation US Military Veteran!!!
Perry was a Paratrooper for the 82nd Airbourne Div. of the US Army.
Perry Woods ends every performance with his Star Spangled Banner tribute to Service men and women all over the world.




The Predicament
Perry Woods Lyrics


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Boba Flex As a young fool, he'd sling molecule Made his pickup…
Bobaflex As a young fool, he'd sling molecule Made his pickup…


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Comments from YouTube:

Q____ C___ _ ____

Absolute gem, money printers where running full speed even back then

Jose Garza

😂 it's worst today

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syeda faryal

Thankyou so much for this lecture. It was so interesting 🌹

David Ashbridge

What about the London Gold Exchange offering gold on the open market? Then there was the growth in the 1960s of currency speculators looking to make quick profits. What about the 1967 run on sterling and its forced devaluation which in turn undermined the dollar?

The reality is Bretton Woods was a system unfit for purpose from the start. The bankor plan outstriped the US proposals hands down but the Bankor plan did not meet US short term interests so the US rejected it and because most other major countries were in 1944 still at war with wrecked economies, challenge to the US position was impossible. That the Bretton Woods system was so useless can be seen from the fact it did not become fully operational until 1958 and within 3 years was already suffering runs on the dollar. These continued despite the decade long US attempts to maintain 1/35 dollar to gold. The end came in 1971 when Nixon shut the entire system down for good, one of the few things he got right.

gg_rider

When the dollar was no longer "convertible" to gold of course everyone could still buy gold with dollars but you had to pay Market price at the time.

This just meant that Uncle Sam was no longer going to convert dollars straight to gold at a cheap fixed subsidized price. Which meant no more golden welfare handouts to wealthy people.

Sharann

dilbertgeg that’s a perspective I didn’t realized

Kajun Shaman

Thanks, man. Now I came full circle.

Antony Andrewson

i dont get it

Injustice Anywhere Threatens Justice Everywhere

Serious question: what is an actual example of a golden welfare handout to a rich person? Is it like when the USA government gave billions to the banks to bail them out?

Vic

"It would have been fine if foreigners had just accepted dollars". No. It would have been fine if USA decided to control their negative balance of payments, so the dollar don't accumulate itself in foreign central banks and exceed the total amount of gold used for conversion. Foreign countries were right to claim their gold, because it is the safest asset, and increase the monetary power and the ability to revalue or devalue the currency, and because it was a fundamental right of Bretton Woods agreements.
During the gold standard, the British understood it well. The Bank of England controlled the parity between gold and british pounds, and prevented this currency to flee into foreign countries.

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