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Bretton Woods anniversary brings focus back to waning dollar outlook

Published: 22 July, 2009, 13:42


Bretton Woods conference, 1944 (AFP Photo / US National Archives)

65 years ago the dollar became the world’s de facto reserve currency at the Bretton Woods conference in New Hampshire. On the anniversary, uncertainty about the Dollar’s capacity to continue in the role is increasing.

 
1 COMMENT
Justin August 09, 2009, 22:21 quote
0

We should not accept a world currency because we will lose our sovereignty as a nation. In the USA, the value of the Dollar has decreased by 96% since when the Fed was created in 1913. Inflation is not good because it punishes saving. Trusting the Central banks is foolish because they benefit from controlling the money supply, not the people.

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