Over the past 100 years, the international monetary system has collapsed 3 times: in 1914, in 1939, and in 1971 when Nixon severed the dollar’s last ties to gold. It appears we are soon due for another major reshuffle of the current dollar-centric international monetary order.
Nobody knows the exact date on which the US dollar will lose its prized status, though it is objectively clear that we are moving in that direction.
Just one recent example of this is the precedent-setting agreement between China and Australia.
This agreement will enable them to directly exchange their currencies without having to use the US dollar as a middleman currency.
Read the complete article at The International Man here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.