Ross 🏳️🌈🏴
boosted
on a different note 🎶💵 ...
"that was just the proposal put up at the 1944 conference...
There was another plan that didn't get up, put by JM (Lord) Keynes an economist rather than a politician, which would not have had the US as the predominant global financial power and would have led to an entirely different rule-based #worldorder.
#Keynes's idea was known as " #Bancor", named after the new currency that he proposed. It wouldn't be a unit of money that people could carry in their wallets or, these days, tap with their phones, but a "unit of account" that would be used for transactions between governments and central banks. Its value would be fixed to gold, but adjustable, and all other national #currencies would be pegged to it."
edit "There have already been a few attempts at doing something like what Keynes proposed.
The IMF has an existing reserve asset called the SDR (special drawing rights) and in 2009, the governor of the People's Bank of China called for the SDR to be transformed into a "super-sovereign reserve currency" modelled on Keynes's Bancor to replace the US dollar.
That was opposed by the US and didn't get up, and China didn't have the clout then that it has now."
https://www.abc.net.au/news/2026-01-26/trump-us-dollar-keynes-bretton-woods-economy /106260832
PS: i just broke the link to remove his ugly face... just take out the nbsp/
'This is sell America' – US dollar tumbles as globe flees US assets
https://www.cnbc.com/2026/01/20/sell-america-trade-dollar-treasury-gold-us-trump-greenland.html
#HackerNews #sellAmerica #USdollar #globalfinance #assetflight #economicnews
De-dollarization: Is the US dollar losing its dominance?
https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization
#HackerNews #DeDollarization #USDollar #Dominance #GlobalEconomy #CurrencyTrends #FinancialNews
The argument that dollar-pegged stablecoins will extend it rests on a slew of shaky assumptions and leaves key questions unanswered. https://www.japantimes.co.jp/commentary/2026/01/05/world/will-stablecoins-preserve-dollar-dominance/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #stablecoins #cryptocurrencies #usdollar #donaldtrump #us #monetarypolicy #trade #globaleconomy
Despite heightened geopolitical tensions and escalating trade wars, the U.S. dollar’s global dominance is unlikely to fade in the near term, leaving Asian economies vulnerable to dollar shocks. https://www.japantimes.co.jp/commentary/2025/10/10/world/asia-and-dollar-dependence/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #usdollar #yen #yuan #currencies #forex #monetarypolicy #asean #china #us
Despite concerns over U.S. tariffs and global trade disruptions, the dollar remains dominant in global finance, with the Chinese yuan gaining ground but still far from challenging its supremacy. https://www.japantimes.co.jp/commentary/2025/10/08/the-us-dollar-is-not-dead/?utm_medium=Social&utm_source=mastodon #commentary #usdollar #forex #currencies #useconomy #globaleconomy
Let’s salute the landmark currency agreement of 40 years ago. Getting such a deal today would be a mighty struggle. https://www.japantimes.co.jp/commentary/2025/09/22/japan/the-plaza-accord-still-the-gold-standard/?utm_medium=Social&utm_source=mastodon #commentary #japan #plazaaccord #jamesbaker #usdollar #yen #japaneseeconomy #useconomy #currencies
The U.S. dollar's dominance is threatened as digital currencies' security and data integrity become key factors in the global monetary system, challenging America's economic privilege. https://www.japantimes.co.jp/commentary/2025/08/20/world/currencies-in-the-digital-age/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #usdollar #currencies #crytocurrencies #bitcoin #stablecoin #blockchains
U.S. President Donald Trump’s aggressive economic policies during his second term — including sweeping tariffs — risk triggering long-term damage to U.S. competitiveness, trust in the dollar. https://www.japantimes.co.jp/commentary/2025/08/06/world/economic-cost-of-trumps-agenda/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #donaldtrump #useconomy #tariffs #trade #usdollar
The U.S. currency’s uncharacteristic behavior is another reason for Fed Chair Powell to ignore President Donald Trump and stay cautious on rate cuts. https://www.japantimes.co.jp/commentary/2025/07/27/world/fed-should-tread-carefully-with-strange-dollar/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #usdollar #inflation #tariffs #moneysupply #donaldtrump #useconomy