{"id":68512,"date":"2013-04-07T15:47:51","date_gmt":"2013-04-07T15:47:51","guid":{"rendered":"http:\/\/www.thetruthseeker.co.uk\/?p=68512"},"modified":"2013-04-09T07:22:17","modified_gmt":"2013-04-09T07:22:17","slug":"the-dying-dollar-and-the-rise-of-a-new-currency-order","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=68512","title":{"rendered":"The Dying Dollar and the Rise of a New Currency Order"},"content":{"rendered":"<h1 style=\"text-align: center;\">Anthony Migchels &#8212; Real Currencies April 7, 2013<\/h1>\n<h5><strong><a href=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2013\/04\/bushdollar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-68513 alignleft\" title=\"bushdollar\" src=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2013\/04\/bushdollar.jpg\" alt=\"\" width=\"219\" height=\"230\" \/><\/a><\/strong>For years now, the collapse of the dollar has been in the cards. Recent developments show mounting pressure on the dollar\u2019s reserve currency status. With a major international deflation going on, the threat of inflation through money printing is unreal. However, should the dollar\u2019s\u00a0 reserve currency status end, the repatriation of trillions of petro- and eurodollars could lead to a strongly inflationary scenario.<\/h5>\n<h5>The roles of a reserve currency are to finance international trade and to function as a store of value for Governments. Until the second world war it used to be the British pound, but with the demise of the British Empire, the pound lost its international relevance and was overtaken by the dollar. This was formalized in the 1944 Bretton Woods system. All other currencies were fiat currencies, but pegged to the dollar, which in turn was pegged to Gold at 40 dollars an ounce and redeemable for international trading partners.<\/h5>\n<h2 style=\"text-align: center;\"><strong>The Eurodollar<\/strong><\/h2>\n<p><a href=\"http:\/\/realcurrencies.wordpress.com\/2013\/04\/07\/the-dying-dollar\/\">Continues &#8230; <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Anthony Migchels explains, the Greatest Depression may have only just started<\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[61,66],"tags":[],"class_list":["post-68512","post","type-post","status-publish","format-standard","hentry","category-Commentary","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/68512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68512"}],"version-history":[{"count":6,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/68512\/revisions"}],"predecessor-version":[{"id":68599,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/68512\/revisions\/68599"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}