Most people believe World War II ended in 1945. In reality, its most important consequences were only beginning. The fighting stopped. The maps were redrawn. The narrative was presented as settled—and fixed in place. But [more…]
As I write this on Sunday, March 8, 2026 the US is at war with Iran. There has been much propaganda leading up to the joint US/Israeli attack. One, that Iran is a threat to [more…]
The world has been quietly and stubbornly walking away from the US dollar and US Treasuries the last half decade. Now, that walk is becoming a march, and “quietly” is turning to “loudly”. Some in the financial [more…]
In a recent article I pointed out that the surest path to saving the fiat dollar from destruction was to make it fully redeemable in gold at whatever that price happened to be on a [more…]
Bretton Woods (I) Will Be Replaced by Bretton Woods (II) In his recent interview at Manioco64 Alasdair Macleod used the term “Bretton Woods II” to describe the steady progress being made by China to make [more…]
The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses the dollar. These nations have [more…]
Great forces are in place to change the world in which we have lived since the end of the Bretton Woods Agreement in 1971. These forces cannot be stopped. The leaders of Western democracies are [more…]
Since the Bretton Woods Agreement in 1944 the dollar has been the world’s preferred reserve currency; i.e., the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their [more…]
A good start Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days [more…]
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