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Currency Wars IV: Age of the Warring States
Paperback
AccountingInvesting & FinanceGeneral World History
ISBN13: 9781913890612
Publisher: Omnia Veritas Ltd
Published: Nov 12 2021
Pages: 402
Weight: 1.18
Height: 0.82 Width: 6.00 Depth: 9.00
Language: English
The Second World War provided a historic opportunity for the dollar to eradicate the pound, and the Atlantic Charter and the Lend-Lease Act were all sharp scalpels in Roosevelt's hands, aimed at dismembering the British Empire's pound. Eventually, the United States established a Bretton Woods dynasty with a dollar-based system as regent by holding gold hostage to the vassals.
The basis of interest in the China-America economic marriage is fracturing and disintegrating. America's tolerance for China's booming economy was originally based on the model of Chinese production, American enjoyment, Chinese savings, American consumption. China's future economic transformation will inevitably require a shift in the main resources of the national economy from being tilted towards overseas markets to being tilted towards domestic markets, thereby reducing savings exports to the United States. This process would change the basic U.S. position of continuing to tolerate China's economic growth.
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