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he Global Dollar Doesn't Work the Way You Think

The global dollar doesn't work the way most people think. And understanding how it actually works explains everything from your shrinking savings to the 2015 Swiss franc massacre. In 1944, representatives from forty-four countries gathered at Mount Washington Hotel to create a new global monetary system. They built Bretton Woods: every currency pegged to the dollar, the dollar pegged to gold at $35 per ounce. It was supposed to prevent the currency chaos that fueled the Great Depression and World War II. Twenty-seven years later, the system broke. President Nixon closed the gold window in August 1971. What came next wasn't a fix—it was an improvisation that's still running today. This investigation traces the structural flaw that guaranteed Bretton Woods would collapse, the weekend in 1971 when the global monetary system changed forever, and why central banks from Switzerland to Japan are still dealing with the consequences in 2025. WHAT YOU'LL DISCOVER: How economist Robert Triffin predicted the Bretton Woods collapse in 1959 by identifying a mathematical paradox at the system's core (the Triffin Dilemma explained in plain language) Why Charles de Gaulle started converting billions of dollars to gold in 1965 and shipping it to France on naval destroyers—triggering a drain that forced Nixon's hand six years later What happened during the secret Camp David meeting in August 1971 when fifteen advisors decided over one weekend to "temporarily" suspend gold convertibility (it's been 54 years and counting) When the Swiss National Bank announced the removal of the franc floor on January 15, 2015—four days after their vice chairman called it "the cornerstone of monetary policy"—causing trader suicides and broker bankruptcies across London and Zurich How to read central bank balance sheets as a percentage of GDP to identify systemic stress (Japan at 120%, Europe at 52%, and what this signals about currency stability) Why your purchasing power has declined 97% since 1971 even as official inflation statistics seem manageable—and why this is structural, not temporary DISCLAIMER: The content provided by The Sketchonomics is for educational, informational, and entertainment purposes only. We are not financial advisors, and the information presented should not be construed as professional financial, investment, or legal advice. While we strive for historical and economic accuracy, the world of finance is subject to risk and change. Always conduct your own research or consult with a certified professional before making any financial decisions. The Sketchonomics is not responsible for any losses or damages related to the information shared in these videos. This investigation draws on Federal Reserve historical archives, Bank for International Settlements working papers, Swiss National Bank official statements, Congressional testimony from the Triffin hearings, and court records from the 2015 franc crisis. All claims are sourced from primary institutional documents and government records. Subscribe to The Sketchonomics for investigative documentaries on the structural patterns behind financial system instability, economic history that explains modern markets, and the mechanics of monetary collapse that textbooks don't teach. #GlobalDollar #BrettonWoods #MonetarySystem #NixonShock #GoldStandard #SwissFranc #CentralBanking #EconomicHistory #FinancialSystem #Sketchonomics SOURCES: This investigation draws on: Federal Reserve Board Historical Archives: Nixon Shock documentation and gold window closure records (1971) Bank for International Settlements: Working papers on debt sustainability and monetary accommodation (2023) U.S. Congressional Record: Robert Triffin testimony before Congress on international monetary system flaws (1959) Swiss National Bank: Official press releases, policy statements, and franc floor removal announcements (January 2015) Court records: Alpari UK Ltd bankruptcy proceedings, FXCM emergency loan documentation, trader loss litigation (2015) International Monetary Fund: Bretton Woods Conference archives and founding documents (1944) Federal Reserve Economic Data (FRED): Central bank balance sheet statistics, gold reserve data, purchasing power calculations (1950-2025) Bank of England: Gold conversion transaction records and foreign exchange intervention data (1965-1971) European Central Bank: Monetary policy reports and balance sheet expansion data (2008-2025)