petrodollar
It was a great idea since Breton Woods where the proposal of a basket of currencies would be the anchor of the currency board, but the position of the USA as the only power with its industry intact and oiled after the destruction of Europe, Japan and China had no competition, except for the USSR, something that Churchill Winston realized and started with his obsession against his brother USA of the Franco-British-American community that resulted in the Marshall Plan to shield the world from the strength of the Soviet industry that's why he fomented the cold war and the curtain iron, the rest we know.
The world is too big for the owners of the metropolis and the former colony of North America and its annexes like Canada, Australia and what's left of Europe and Japan and backward Korea joined to fix the dollar under the promise of the gold dollar as a guarantee, but it lasted until 1972 when Richard Nixon gave the blow to end the gold ballast.
Germany, Italy ask for their gold deposits held in the US to be returned, but the Americans do not respond and form an alliance with the largest oil producer in the world, forming an alliance that lasted until the assassination of Suleiman, the reporter who conspired against the real Saudi family, smell of the color revolution arriving there, after touring the former Czechoslovakia, Egypt, Libya, Lebanon, Yugoslavia, Ukraine, then after the failure in Syria, Afghanistan, the exit from the SWIFT system began, NATO, EU, brexit, and a nine opportunity to return to the coin basket of what was proposed in Breton Woods.
Now, based on the success of the petrodollar, we can take the opportunity to contribute the idea of a basket of commodities including oil, lithium, iron ore, titanium, niobium, silver, gold, gas, aluminum, copper, rare earths, beryl , tungsten, cobalt, NPK, beef, cereals.
But, the US is out of control, this is enough to exclude the US from the system. But for that there are: BRICS, ASEAN and other combinations of nations that became independent and learned to say no as they did: Afghanistan, Turkey, Russia, Moldova, and then the EU after the beating of the gas embargo disguised as an embargo for buyers of Russian gas and the top of oil prices, yet another disaster of the decadent empire at the end of its hegemony.
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