Macroscope | World is ready to cut US dollar down to size – but not too quickly

Macroscope | World is ready to cut US dollar down to size – but not too quickly

The US dollar is too central to the global financial system for the so-called Mar-a-Lago Accord to find traction outside the US. But the search is on for alternatives.

Trump and the Fate of the Dollar

What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar? We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944. Accords Through The Years The first was the Smithsonian Agreement in December 1971. This came in the aftermath of President Nixon’s decision on August 15, 1971,…

Partners of this agreement could convert and hold reserves held in short-term dollar government bonds into long-term reserves. They would have accepted the loss in value, but would be better treated by the U.S. government.

Rickards: Trump & The Fate Of The Dollar

Rickards: Trump & The Fate Of The Dollar Authored by James Rickards via DailyReckoning.com, What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar? We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944. Accords Through The Years The first was the Smithsonian Agreement in…

Mar-a-Lago Accord: Recipe for Chaos, Not Stability

Let’s cut through the noise and address the elephant in the room. The Mar-a-Lago Accord, as proposed, is a recipe for financial chaos, not stability. It’s a plan that seems to be designed by a committee of economists who’ve spent too much time in ivory towers and not enough time in the real world. Let’s break it down. First, the idea of a 100-year bond is ludicrous. Who in their right mind would… Source

Rickards: Trump & The Fate Of The Dollar - Nemos News Network

Authored by James Rickards via DailyReckoning.com, What is the Mar-a-Lago Accord? And what would a Mar-a-Lago Accord mean for the value of the U.S. dollar? We begin our analysis with the name itself. Mar-a-Lago Accord is an echo of the three major international currency accords since the original Bretton Woods Agreements reached in 1944. Accords Through The Years The first was the Smithsonian Agreement in December 1971. This came in the aftermat…