From US' "exorbitant privilege"* 1944 to a stolen privilege** after the 1971 embezzlement coup d'état, which now because of China's success makes US a dangerous desperado.
* Instead of pegging all dollars to gold, US 1944 forced through that the world dollar should be pegged to the US dollar and the US dollar to gold. Moreover, the custody of the world dollar as well as over the US dollar was then handed over to a secretive undemocratic authoritarian dictatorship called the Feds, which criminal activity has been blessed by every US government since, simply because the Feds shut their mouths with fiat dollar the rest of the world had to pay for (US is therefore the only country that can prosper while having constant trade deficit). ** 1971 US criminally stopped pegging the US dollar to gold, which in effect meant that the world's biggest financial fraud ever started rolling - while poorer people and countries had to pay the heaviest burden. A gold (or any fixed) standard "is supposed to run by itself"* - that's why the world's monetary dictator, US Feds, has opposed it indirectly since 1944 and directly since 1971. * Quote by Alan G...