Blood for oil replaced gold: Nixon Saudi Arabia

My country Israel, I mean the US, needs the oil

(History Repeats) It's over: Saudi Arabia just broke the 1974 that kept America dominant. Here's what happens next [with junk fiat currency]. What is the Bretton Woods system?

Jared is one of the richest Jewish billionaires

The Bretton Woods system of U.S. monetary management established the rules for commercial relations [1] among 44 countries, including the United States, Canada, European countries, and Australia, after the 1944 Bretton Woods Agreement until the Jamaica Accords in 1976.

The Bretton Woods system was the first example of a fully negotiated monetary order intended to [let the U.S.] govern monetary relations among independent states.

It's always been about blood for our God

The Bretton Woods system required every country to guarantee convertibility of their currencies into U.S. dollars with the dollar convertible to gold bullion for foreign governments and central banks. It envisioned greater cooperation among countries to prevent future competitive devaluations and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to countries with balance of payments deficits [1].

According to German Ashkenazi Jewish Barry Eichengreen, the Bretton Woods system operated successfully due to three factors:

1. "low international capital mobility,
2. tight financial regulation, and
3. the dominant economic and financial position of the United States and the dollar" [2].

Nixon understood: We need Jewish Israel's banks

Preparing to rebuild the international economic system while [profitable-for-some] World War II was still being fought, delegates from 44 Allied countries gathered at the USA's Mount Washington Hotel in Bretton Woods, New Hampshire for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference.

The delegates deliberated from July 1 to 22, 1944, and signed the Bretton Woods agreement on the final day. Setting up a system of rules, institutions, and procedures to regulate the international monetary system [favoring the USA], these accords established the IMF and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group.

The United States, which controlled two-thirds of the world's gold, insisted that the Bretton Woods system rest on both gold and the US dollar. More: Bretton Woods System