If I am not mistaken, in the opinion of ole 49r, the goal of Bretton-Woods is to effect
GOLD=US$=EMU and eventually, to effect GOLD=US$=EMU=AMU.
(EMU being the new European currency and AMU the new Asian currency).
If, indeed, this is in the works, the US Fed certainly does not seem to mind stepping down to equality. Sounds too good to be true, eh?
In Kutyn's Currency Chaos and Financial Collapse, Part 2, however, it would appear the US would prefer nothing better than to be the sole issuer of the world reserve currency because of the political and economic advantages that the US would enjoy as a result. |
