The Gold Crisis continues: Because of the overprinting and issuance of Federal Reserve Notes (Bills of Credit) by the privately owned, unlawful Federal Reserve System of (central) Banks, the Central Bank Council, of the socialist Federal Republic of (West) Germany announces the “free float” of the Deutsche Mark against other fiat (Latin for “let it become”) currencies. This further weakens the Bretton Woods agreement of fixed exchange rates between national currencies.
[added 10/30/2022]
Subsequent Events:
References:
GERMANS WILL FLOAT MARK TODAY; DUTCH JOIN – The New York Times
www.nytimes.com/1971/05/10/archives/germans-will-float-mark-today-dutch-join-swiss-and-austrians.html