Downhill Since Bretton Woods: ‘Unipolar US Dollar' Mutated Into 'Politically Weaponized' Tool

A US-dominated monetary framework was put into place 80 years ago in Bretton Woods. It bred everything ranging from chronic deficits and speculative bubbles to politically-motivated sanctions, while allowing the greenback to reign supreme. Since the system’s collapse, global economies have been dealing with the blowback of its inherent failings.