Who Were the Sea Peoples?

An interesting answer one can glean from Scott Sumner's The Midas Paradox is.... America' oldest enemy, France! "France was easily the largest gold hoarder during the Great Depression. Her monetary gold stock rose almost continually from $711 million in late 1926 to over $3.2 billion at the end of June 1932 (nearly 30% of the world total)" (p. 138).