From the gold standard to the army standard to… an economic war?

From the gold standard to the army standard to… an economic war?
From the gold standard to the army standard to… an economic war?

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Since 1944, the Bretton-Woods agreements established the control of the United States over the world by setting up a gold exchange standard system in which the only currency indexed to gold would be the dollar, the other currencies being , indexed on the latter.

These agreements therefore ratified the power of the sole Western winner of the Second World War and subjugated the world to the American boot. What could be more obvious? The particularly deadly and destructive conflict took place outside American territory, leaving a breathless European continent, requiring large-scale reconstruction, particularly in Germany. The main financier of the conflict was American, both with regard to the commercial debts contracted by the belligerents and with regard to the financial debts to be repaid. The implementation of the famous Marshall Plan aimed precisely to correct all this by opening the European market to American products which were “reimbursed” by imposing their culture, their “American way of life”.

At the height of its industrial, financial and monetary power, the United States dictated its wishes to the rest of the Western world by adorning itself with a protective image in the face of the Soviet bear, also the winner of this terrible conflict, and threatening neighboring states. .

Then, gradually, as European countries recovered from their wounds, despite the bipolarity of the world, the United States experienced difficulties. Economic first of all with a slowdown in their growth. Societal then with the demands of African-Americans shaking up American youth fed with triumphant liberalism.

Finally military with the Viet-Nam conflict, long, too long, deadly, too deadly… And above all very expensive.

Faced with these difficulties, it was decided to abandon the dollar gold standard in 1971 (unofficially) and then in 1976 with the Jamaica Accords. Even if until this date, the United States was not obliged to hold a gold counterpart for the dollars issued, this change will upset American monetary policy. In order to finance his own economy, Uncle Sam will print money and pour billions of dollars into the world.

On what guarantee? The only one left to her and which made her feared by the rest of the planet: her army.

By maintaining its position as “policeman” of the world, the United States has succeeded in this feat of having its economy and its debt financed by other countries of the world and this on the simple threat of being able to intervene whenever it sees fit and anywhere on the planet its army, with or with NATO, this thing whose sole objective is to serve US interests.

And that’s how we moved from the gold standard to the army standard.

During the last American election campaign, D. Trump pledged to resolve the conflict between Ukraine and Russia within 24 hours flat. And implicitly, to reduce this famous American military presence in the world, costly in men (and therefore disastrous on a moral level for the population) and in money (will the Ukrainians pay the bill and how?).

Does the election of the media troublemaker announce the end of American military pre-eminence in the world and the return to an even more intense economic war whose effects seem to be more effective in ensuring its development and better controlling that of others, including these own “allies”?

Patriotic friendships

P.MAGNERON

President IDNF


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