Smithsonian Agreement
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Search complete. 2 mentions across 2 episodes found for "Smithsonian Agreement".
Oct 8, 2026
Martin ArmstrongGUEST
Everybody would agree.
Martin ArmstrongGUEST
They did have the Smithsonian Agreement by December, and it failed.
Martin ArmstrongGUEST
So we ended up with this monetary system, floating exchange rate, and everybody said, "Well, I guess it's working." That was [laughs] that's how we are, where we are today.
Martin ArmstrongGUEST
I mean, no, you know, genius sat down and, and did this.
Jack RasmusHOST
We haven't had these kinds of devaluations since 1973, when the financial system almost collapsed in the US.
Jack RasmusHOST
The US had to go off the dollar system and devalued, Smithsonian Agreement in 73, devalued the US dollar.
Jack RasmusHOST
Went off the gold and devalued, I think, 10-15% then as well.
Jack RasmusHOST
Well, we got the same thing going on now, devaluation.