To fully understand how this came about, we step back to the founding of the United States of America, in whose Constitution today’s central bank money was specifically prohibited.
As Bill discusses in today’s Weekend Edition, there are two types of money in the world – the paper kind and the golden kind…And between these two money systems, there’s only one kind of money that really works…and that’s the golden kind.
We know Buenos Aires better than São Paulo. It is a prettier city. But less dynamic. In São Paulo you see new buildings, new cars and new restaurants almost everywhere you look. Buenos Aires doesn’t change so much. It is an older city – more elegant and more timeworn.