At Bretton Woods in 1944, the US convened a conference where the future stability of the global monetary system was laid out, based on US dollars as the world's reserve currency.
The dethroning of the dollar after 75 years of primacy will not happen overnight but it will happen.
The end of Bretton Woods and the US dollar as the world's prime reserve currency.
This will mark the end of Bretton Woods and the US dollar as the world's prime reserve currency.
As the US dollar becomes less needed to lubricate trade and international settlements, excess dollars will come flooding back to the US creating inflation.
No wonder so many nations are looking for an alternative in BRICS. Saudi Arabia has long been a bulwark for the US dollar as the only means of buying Saudi oil.
This provided a powerful wall in defense of the US dollar as a reserve currency.
https://canadafreepress.com/article/the-death-of-the-dollarmore-suicide-than-murder
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