Federal Reserve Bank of New York
Currency Devaluation and Revaluation
https://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html
They flipping removed the page on February 28th, 2022 or later.
So thankful for Wayback Machine !!
https://web.archive.org/web/20220228122125/https://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html
This is not good!
I don't see provisioning for devaluation/revaluation unless the currency is pegged to another currency.
They (the Fed) may be up to no good.
Can the banks/Fed change mortgage valuations based on devaluation/revaluation?
Any finance fags care to weigh in on this?
Thanks!