Dedollarization is good or bad?

in dollar •  6 years ago 

Topics across the world about the new 'Multipolar' world than the current 'Unipolar' one,
The new currency is being born to the world to contend the current fractional one &
The crisis looming out of any country could threaten at any moment.

A little piece of empirical history, we reminding each other.

"After Nixon “temporarily” suspended the convertibility of dollars into gold in 1971, because evil international speculators were attacking the US dollar, some of the European countries were not amused the US broke its promise. In the years that followed a diplomatic battle ensued; the US wanted to completely phase out gold from the monetary system in order to preserve the US dollar hegemony, while other countries wanted a comeback and revalue their gold holdings. In the following minutes we can read how Henry Kissinger, National Security Advisor and Secretary Of State at the time, was discussing the matter with his team...."

#history #money #gold #minds

https://www.bullionstar.com/blogs/koos-jansen/minutes-of-kissinger-meeting-on-gold-1974/

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it's a good