By hoarding the gold of the world (about 66%), Roosevelt succeeded in making the dollar an international reserve currency. The Fed will then put in the new notes: ”As good as gold”. This is how begins the reign of the dollar. Currently it seems that the Chinese government seeks the same end, by making the dollar largest reserve currency of the world: 60%. However, the crisis of government bonds as we know, may in a short time - ”in no time” - turn all this wealth into nothingness.
Recent Comments