The Bretton Woods system now looks very much like a conspiracy, in which gold serves as the base layer providing credit, but the US dollar, as the second layer, becomes the true international currency, while the fiat currencies of various countries are built on the foundation of the dollar, becoming dollar stablecoins.

Then in 1973, Nixon removed gold from the system, transforming the previous "gold + dollar" into just "dollar." In this way, the dollar occupied the nest and became the base layer of global currency.

Of course, many countries' currencies gradually detached from fixed exchange rates later on, but even so, there are still some currencies directly pegged to the dollar (such as the Hong Kong dollar), and even the Chinese yuan is pegged to the dollar within a certain range.

The dollar became the international currency, allowing the United States to gain the global right to print money, with a cost of 0 and a profit of 100%. The dollar has achieved success for the United States, but it will also defeat the United States. With the dollar being overvalued, American wages have also been artificially raised, leading to industry squeeze.

In the United States, apart from industries with extremely high profits, there is no room for survival in other sectors.

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