RE: When Gold Was Banned in the U.S.

[joanstewart]

One needs to be watchful of sudden change happening, Bretton Wood system by what I understood when other currencies agreed to utilize the USD as international based between global trade America has upheld the deal of keeping the seas of the world safe to international trade to continue.

Should America now stop patrolling the seas, will international currencies continue in this vein? Currently watching movement between East and West disputes arise once again nothing is ever set in stone.

An interesting piece of history to remind one that prior EURO and globalization ideas arrived, when purchasing imports during 1990s we still paid in each countries local currency. Buying into USD only came into being from mid 90s, in other nations I have no idea on how long this system took to come into being as standard used for all imports/exports.

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[silversaver888]

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