“THERE IS no longer any need for the United States to compete with one hand tied behind her back,” Richard Nixon, then America’s president, told his countrymen in August 1971. With that speech, he heralded the end of the postwar economic order, suspending the convertibility of the dollar into gold and putting up tariffs on imports. The survival of today’s order, which emerged from the chaos that followed, now looks increasingly in doubt.
The present system, often described as Bretton Woods II, slowly emerged from the ashes of the postwar order. The dollar’s dominance did not end. Much of the world’s commerce trades in greenbacks. Changes in America’s economic policy still echo around the world. A stronger dollar depresses global trade, research suggests, while tighter American monetary policy straitens global financial conditions.
1933? Following BREXIT, 'Mr Bolton’s trip defined the new terms on which Washington plans to do business'
Lack of fin reg allows national govts to seize assets of their constituents. Globally we see a race to bottom to compete. Didn't POTUS try this in1933? Trend so far is $15tn of lending to govts at negative rates. Hence demand for alternative currencies beyond ntl reach.
BryceWarrior247 We are on the brink to collapse all the currencies of the world, at the same time the'' Gold Standard'' will be the rule. Did you know that only 10 % of all the gold in the world is officially declared. This is the big surprise in the near future.
BakkupBradley
TrumpRecession
You mean like the EU versus Britain? That showdown and bullying toward Britain.
All because of government spending
Make news
Do not comment
Everything drifted after her
You played with money
When did you care about Sundays?
You hid the money
Bretton Woods 3: The gilded revenge
tianran Maybe just the US's
Cryptocurrency and dagchain is the solution
All things need a reset. Clears up the minutia,
Of course. This was predicted when Bretton Woods was forced down everyone's throats. False support and manipulation of the dollar will not work for much longer.
Of course it is when the second biggest economy is communism and it is outpacing all free market economies combined.
These cycles always happen every 10 to 15 years. We will survive
No confundas la parte con el todo....el dólar es el que se derrumba.
That's why bitcoin was invented.
So buy gold? You guys suck
Why is this? The moral hazard of the beast crisis with the USA radio head torture factory of artificial loss and failure created by practices seemingly eliminable by the base Constit. protections and the war rules of enemy treatment makes it certain that one must crack the GOV 😤
dollar system steps back into US borders anyway
Key to fixing it is understanding what has changed and where are we heading. Calls for a Green or sustainable economy is where we need to go. Without understanding how the financial system needs to be modernized we risk blocking the move to a prosperous sustainable economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Source: RollingStone - 🏆 483. / 51 Read more »
Source: Newsweek - 🏆 468. / 52 Read more »
Source: billboard - 🏆 112. / 63 Read more »