You are not seeing the bigger picture of all trading nations (even the US) wanting to do away with the Bretton Woods $US hegemony. It's dominance over the past 80 years is coming to an end because it is impeding growth and investment where developing nations are squeezed even though they have resources with an intrinsic value not equivalent to the $US, in fact undervalued. No-one wins in this game because of the debt developed nations have accumulated that can never be repaid.
Once the chain around the neck of these nations is broken they will freely trade using their own denominated currencies and level the playing field for a few decades until a new power emerges, and once again we go through the same process of culling one for another. Who gains under these conditions? The same players that have financial dominance now - and NO it is not the USA or it's dollar.
BHP Price at posting:
$39.12 Sentiment: Hold Disclosure: Held
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