The Demise of the “IOU Nothing” Currencies Is Right Around the Corner.

• maneco64
  Video Chapters:
  00:00 Introduction
  01:50 The Smithsonian Agreement
  07:05 The Petrodollar
  08:13 Gold-backed or commodity basket?
  09:42 The demise of “IOU Nothing” currencies
  10:27 US to provide Europe with Natural Gas?
  14:12 China & Russia alliance
  17:07 Multipolar World
  19:02 Market update
  22:50 Conclusion
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  Today we will look back at the demise of the Bretton Woods and how the so-called dollar standard that President Nixon tried to create with the Smithsonian Agreement is quickly unraveling. We will also look at how the West’s efforts to stop the demise of the Petrodollar are failing as China and Russia and other BRIC nations have increased their ties even after the start of the Ukraine War. John Exter’s article on “IOU Nothing” Currencies: https://www.aier.org/research/currenc…

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