求翻译：初期的金银贵金属本位下几乎不存在汇率一说，因为大家都用的相同的自然界同一材质货币。货币管理当局对金银的流进流出等同于财富的往来，一时重商主义盛行。但随着人类生产力的继续提高，特别是二次工业革命和第三次信息产业革命将人类的生产力推向了史无前例的高度，自然界固有的金银已无法度量人类财富，布雷德森林体系崩溃，世界上大多数国家进入信用本位时代。货币当局发现货币也不再简单地受黄金储备影响，整体上货币政策偏松造成全球流动性普遍过剩，并由此可能造成实体经济更严重的周期性波动。是什么意思？

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Gold and silver jewelry in the early base virtually does not exist a rate that, because we are all using the same natural materials with a currency. The monetary authorities of gold and silver streams to and from the exchanges is equivalent to wealth, mercantilism prevailed. However, as to continue

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Early gold and silver precious metal almost does not exist under the standard exchange rate about, because everyone with a material of the same nature in the same currency. Monetary authorities to flow into the outflow of gold and silver is equivalent to the wealth of contacts, prevalence of mercant

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