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Goldflow Among 1967 U S Problems An AP Analysis
AP Business News Analyst John Caniff outlines how the so called goldflow movement reflects a diminishing U S gold supply and a balance of payments deficit. He traces the shift from gold standard to fiat money and explains how dollars flow abroad through trade tourism investments and aid. He notes the paradox of plenty and the risk to prestige as foreign demand and dollar confidence influence international trade.
MENTIONED IN THIS ARTICLE
John Caniff
AP Business News
NEW York (Ap
United States
Lva
Europe