Bretton woods is the forest of Trees that the world has been chopping down faster than they regrow to power the fantasy world you all think is reality...and the trees are running out.
Bretton woods was doing great until 2005 when the USA ran out of resources...Line signers to power the life liberty and pursuit of Happiness line to infinity and beyond.
Unfortunately the exhaustion of the supply of line signers lead to the line hitting the event horizon in 2008...Obama was installed just as the US enterprise went warp 9 into the black hole of deflation...and since then it's been the QE Bernanke boner into the death, tyranny, and pursuit of misery zone.
Bacteria which are supposedly mindless and people are superior to...follow the same path...
And another...All growth over time is exponential to maximum potential...the below chart shows the baby boomers desperation to save up for retirement by sending their life savings to the greater fool game to supply the demand of New York coke sniffers with lines of yield to snort.
Red lines added so you can see what your eyes don't
The Yen one of the reserve currencies...
"For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still."--1st Barron Lord JOHN MAYNARD KEYNES (1930)...one of the claimed to be architects of the Bretton woods bait and switch.
It started out in 1950 as 1 gram of aluminum and it was fixed to the US Silver dollar which was just under an ounce of silver with 360 Yen being equal to 1 US dollar 1950 to 1971.
With 35 US silver dollars equal to 1 troy ounce of Gold 1944 to 1971.
The credit system does not stop inflating until maximum potential is reached...I guess in the early 1960's when the credit system bid the prices of silver above the cost to make silver dollars...The world should have ended...But you just make coins out of something else...and when the credit system bid up Gold past the 35 Dollars and ounce level...the world should have ended...But you can just use something else...Like US treasuries instead and keep the game you all agreed to play at Bretton woods in 1944 going.
The British pound of Stirling silver started out 400 years ago as a pound of Stirling silver which is 92.5% silver.
which of course like the denarius or coin of the realm of Rome began debasing from square one due to the demand for money being higher than the supply...up until 1694 when the bank of England was created which created trillions of pounds of Stirling silver out of thin air to finance the all the lines on the maps of the world you see today...Including the American revolution which lead to the creation of the current US financial system...The US dollar the NYSE and first central bank of the USA which lead to the second...and finally the third central bank of the USA the Federal reserve.
It started out under the Bretton woods travesty...fixed to the US Dollar at 2.8 British pounds of debased Stirling silver to 1 US silver Dollar.
And the Euro...which started out following WW2 or the climax of the 1933 bankruptcy reorganization of the global trade system as the US dollar and over the next 6 decades eventually transformed into the Euro in 2001.
It was is just a credit instrument from square one.
In 1944 the US dollar was made the global trade medium of exchange and all the rest of the currencies of the world were fixed to the US Dollar.
Making all the rest of the currencies of the world a derivative of the US dollar or dependant upon the US Dollar for their value.
hint...There was not a hope in hell of Bretton woods being sustained...all the people that agreed to Bretton woods back in 1944 were obviously economic morons.
Since 1944 all that has been done is postponement of the inevitable collapse to oblivion of the Bretton woods global trade system that was broken garbage fed to retards from square one...and in 2008...for the first time in the history of Bretton woods...visible signs of collapse have shown up...the cat is out of the bag now.
good thing all the people now are economic morons as well and have no clue yet the world is ending...because if they all realized the world was ending...they would try to escape their fate...and cause a premature end of the world before maximum potential is reached and it all come crashing down anyways.
They have been warning you all since around 1997...to doomsday prep...or not because only woo woos think the world is going to end.