The Coming End Of US Dollar
BRICS + SWIFT Alternative Payment System Will Change Everything
What Was the Bretton Woods Agreement and System?
Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar’s value. The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.1
- The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.
- The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
- The Bretton Woods System collapsed in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.
- Credit: Investopedia.com
The deal will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the dollar.
>>> THE PROBABLE CRASH OF THE US DOLLAR !!! <<<
This world map shows the countries that have currently joined the BRICS monetary system. Give it another year and it will be mostly red.
The video below “BRICS+ Welcomes SWIFT Alternative Payment System Scheduled To Change Global Landscape” gives you a concise 9 minute explanation of what’s playing out and what is probably going to come.
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