The Case for Depression: Dollar Collapse
The history of the dollar is one marked by a dominance unrivaled in history. Following the Bretton Woods Agreement of 1944, which established the dollar as the global reserve currency, Americans have enjoyed an era of unprecedented wealth and prominence. The impressive growth in America could not have occurred without a stable dollar. Stable currencies are the unheralded but undeniable foundation of any vibrant economy. Stable currencies allow for longer term transactions and help instill confidence in the public, which is critical, since the value of any fiat currency is ultimately a function of public confidence. That being said, there...
Original Article: Forum: News/Activism
Tags: Bretton Woods Agreement, Collapse, currencies, Depression, Dominance, Fiat, fiat currency, History Of The Dollar, Impressive Growth, Prominence, Public Confidence, reserve currency, Unprecedented Wealth, Vibrant Economy