"I want to draw the parallel between what is happening with the euro zone right now, and what happened after World War II, when the Bretton Woods system of monetary management was created to govern the global economy. Then, America became the center of this system, and the dollar became the dominant global currency. It was a free world dominated by America. But America earned that position by providing huge funds for the reconstruction of Europe through the Marshall Plan. America became a benevolent imperial power, which greatly benefited America."



Comments