Bretton Woods II is on its last legs and cannot possibly survive. The only thing we do not know is the timeframe. The global monetary system could collapse next month, next year, or central bankers might manage to keep it together for another five years.
Meanwhile the Grand Experiment Continues. And as central bankers worldwide continue their coordinated competitive currency debasement silliness, one beneficiary is likely to be gold.
I don’t think there is any historical precedence for a currency ceasing to be the reserve currency.
Dollar dumping has begun just as predicted. The world is gearing up to release new commodity backed currencies
