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The Dollar Collapse and the New World Order

BitcoinParaPobres
5 min readMar 17, 2022

Are you ready for it?

Photo by Mika Baumeister on Unsplash

Ever since the end of WWII and the Breton Woods agreement, the dollar became the de facto global reserve currency and most commodities started trading almost exclusively in the US currency.

The US won the war, had a strong army and a solvent economy, so effectively they dictated what was going to happen in the world for the following decades.

The Gold Standard

In order to keep the system in check, the dollar was backed by gold held in the Federal Reserve. All other currencies became pegged to the dollar, effectively making everything work under the gold standard.

This system benefited mostly the US and forced the rest of the world to use their currency. In order to avoid power abuse, gold became the limit to how much money should be printed.

But even that limit fell apart.

The Fiat Standard

In 1971, Richard Nixon decided unilaterally to break the gold standard by removing the constraint on the dollar that could, from then onward, be printed limitlessly. Thus money became infinite.

Yet, although this decision was not popular, nobody dared to argue with the strongest military power in the world and accepted the dollar as the…

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BitcoinParaPobres
BitcoinParaPobres

Written by BitcoinParaPobres

Author of ´Bitcoin For Mere Mortals´ and ´Bitcoin Para Pobres' available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free

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