In 1945, The World is gone. USA are the superpower ... USSR has been painfully injured by WWII (27 millions casualties).
About money, at this time, most of the Physical Gold Supply are in USA. The USD becomes the single currency linked to Gold. .... The World needs a massive injection of financial capital , to back new currencies ..... This financial capital has been the USD.
In 1971, The USD is no more linked with the physical gold and de facto the world reserve currency ....
Countries need an eternal supply of USD , so they product goods to export in US, cheaper than the "Made in USA" ..... The Trade Deficit begun for the USD ..... They can t export more because their clients need USD to pay them.... The Triffin Dilemma explains us that a National Currency can t be a world currency !!!
USA suffered the inflation periods .... , but no debt problems because USD could be always available ....
USA became a nation of consumers, no more producers .... and without straight regulations, the stock market became ... insane , like the bonds market with negative interest rates.
Others countries began to exchange in their own currencies, because a lack of confidence in this USD too easily available, and there is a large speculation on Gold for decades.
Currently , there is no more trust in the monetary system, but we think that the best way to cope with the social inequality is diversifying the monetary offer .....
The EU shows us that an Unique currency is a big mistake .....
Jumping into a digital monetary system is the best way to save the central Banks .... Coins and Notes are debts from the Central Banks. A too massive physical money supply means central bank bankruptcy ....
A Worldwide unique of account would be probably a great idea because many challenges for the Mankind are, nowadays, at the Global Level ....
But we consider that the Central Banks could have more freedom to get a larger scale of assets to back their monetary base .....
TO KEEP A LARGE MONETARY OFFER IN THE WORLD !!!
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