Monday 3 October 2016

The monetary Globalization

  

When the money supply has been a tangible asset (Gold, Silver) , The kingdoms or Empires with the most valuable coin had a real power ....

But since 1944, The USD is DE FACTO the World Currency. It means power for USA but also a terrific deficit because the money is nothing more than a debt ....

The Globalization process must cope with a difficult monetary problem..... For the first time in History,  no national currency is enough strong to lead the Global Economy.





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