Today most of the world’s trade is conducted in USD (U.S Dollars). This is the “defacto” global reserve currency for trading between most nations. Around the end of WW2 (World War 2) the “Bretton Woods” system was set up by a group of 44 nations in a conference held at Bretton Woods, New Hampshire (USA). This monetary system established the rules for commercial and financial relations among the participant nations which included the United States, European nations, Australia and many others. Member nations would peg their currencies to the U.S. dollar, and the U.S. would peg the US dollar to gold, at a price of $35 an ounce.
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1924. US Dollar Collapse Predictions: The Dollar is on its way out
1924. US Dollar Collapse Predictions: The Dollar is on its way out
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