When the Bretton Woods system went into full effect in 1961-1962, the British Prime Minister requested that the gold peg be doubled from $35 to $70 per ounce due to excessive dollar demand and insufficient gold backing, demonstrating that Triffin's paradox manifested almost immediately upon full implementation of the system.
factualpending
Speaker
Mel MadisonEvidence Quote
“it was only a year later in 1962 when the British Prime Minister went to the to John F. Kennedy and said, 'Hey, you know, there's so much dollars right now that are being demanded'”
Source
Asset Bubble Crescendo Until 2027 Collapse When U.S. Treasury Market Implodes, Argues Mel Mattison— Forward GuidanceCreated: 8/12/2026, 6:43:41 PM
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