>>20077438
>Anon finds it 'dasting that Saudi pulled their "peg" from the U.S. oil dollar on '''Dec 5".
>
>[D5]?
anon does not understand that it's bad for America? If FED falls, or Dollar's status as a reserve currency ends, America falls or at least cannot free ride on world's back anymore because the "Exorbitant Privilege" is gone
"In the Bretton Woods system put in place in 1944, U.S. dollars were convertible to gold between countries. In France, it was called "America's exorbitant privilege"[2] as it resulted in an "asymmetric financial system" where foreigners "see themselves supporting American living standards and subsidizing American multinationals". As American economist Barry Eichengreen summarized: "It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one."[2] In February 1965, President Charles de Gaulle announced his intention to exchange its U.S. dollar reserves for gold at the official exchange rate. He sent the French Navy across the Atlantic to pick up the French reserve of gold and was followed by several countries.[3][4] As it resulted in considerably reducing U.S. gold stock and U.S. economic influence, it led U.S. President Richard Nixon to end the convertibility of the dollar to gold on August 15, 1971 (the "Nixon Shock"). This was meant to be a temporary measure but the dollar became permanently a floating fiat money and in October 1976, the U.S. government officially changed the definition of the dollar; references to gold were removed from statutes"
https://en.wikipedia.org/wiki/Exorbitant_privilege
and btw the gold standard isn't coming back and "Roftscshildt" does NOT "own the FED".