The Big Reset

The world economy and its currency system can be compared to supertankers. All route changes have to be planned well in advance. If history has taught us anything, it is that a currency tends to lose its world reserve status over a long period of transition. The ‘endgame’ is often drawn out over dec...

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Bibliographische Detailangaben
1. Verfasser: Middelkoop, Willem
Format: Buchkapitel
Sprache:eng
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Zusammenfassung:The world economy and its currency system can be compared to supertankers. All route changes have to be planned well in advance. If history has taught us anything, it is that a currency tends to lose its world reserve status over a long period of transition. The ‘endgame’ is often drawn out over decennia. The British pound first suspended its gold standard at the start of World War I in 1914, but it was not until 1944 that the dollar became its successor (during the last Big Reset). Although the US understands that the dollar will one day lose its
DOI:10.1515/9789048529506-008