GBP £ was real Silver and Gold or paper money which backed by physical Silver and Gold In 1900s . Then Us Trade $ which is also physical Silver and Gold. At that time Silver and Gold was money. USD Paper money (Silver Certificate and Gold Certificate) was Backed by Silver and Gold. Then open market ie Fiat currency (green $(Federal Reserves Debt)) which backed by USD Bonds interest [ponzi] (yellow paper). Real moneys are silver and gold for 5000 years.
So in 1989, the DM, FF, GLD, and ECU had a combined 34.4% share. Let’s get the Euro to surpass that.
People keep saying the US is on decline yet Dollar reserve is higher now than it was in the 80s/90s.
I didn’t know the GBP was still so important until the late 50’s
What is the “other” that was from 1950-60 that went almost to 20%?
So what does that mean practically. Are there bigger quantities of that currency, is it more used or how does one read it?
Here you can swee a glimps of post war British-American relations and how they treat allies. They have no allies only subservient allies.
In the post war there was a chance, a slim one but a chance Britain could maintain its empire. However Suez happened, then the pressure from the Americans to decolonise in turn destroying Britain as a great power, and for a lot of ex colonies plunging them into civil wars rife with ethnic cleansing. Americas model for the British empire was no different than their model for south America. It was destabilise, divide and weaken.
Interesting. How soon before SDRs show up on this pie chart?
Great vid, very interesting. Visual is awesome. TY OP
Euro actually didn’t crash that much during the 2008 crisis.
Is that the percentage of exchange done with theses currencies or their value ? I’m so lost
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Source:
https://www.visualcapitalist.com/cp/how-reserve-currencies-evolved-over-120-years/
GBP £ was real Silver and Gold or paper money which backed by physical Silver and Gold In 1900s . Then Us Trade $ which is also physical Silver and Gold. At that time Silver and Gold was money. USD Paper money (Silver Certificate and Gold Certificate) was Backed by Silver and Gold. Then open market ie Fiat currency (green $(Federal Reserves Debt)) which backed by USD Bonds interest [ponzi] (yellow paper). Real moneys are silver and gold for 5000 years.
So in 1989, the DM, FF, GLD, and ECU had a combined 34.4% share. Let’s get the Euro to surpass that.
People keep saying the US is on decline yet Dollar reserve is higher now than it was in the 80s/90s.
I didn’t know the GBP was still so important until the late 50’s
What is the “other” that was from 1950-60 that went almost to 20%?
So what does that mean practically. Are there bigger quantities of that currency, is it more used or how does one read it?
Here you can swee a glimps of post war British-American relations and how they treat allies. They have no allies only subservient allies.
In the post war there was a chance, a slim one but a chance Britain could maintain its empire. However Suez happened, then the pressure from the Americans to decolonise in turn destroying Britain as a great power, and for a lot of ex colonies plunging them into civil wars rife with ethnic cleansing. Americas model for the British empire was no different than their model for south America. It was destabilise, divide and weaken.
Interesting. How soon before SDRs show up on this pie chart?
Great vid, very interesting. Visual is awesome. TY OP
Euro actually didn’t crash that much during the 2008 crisis.
Is that the percentage of exchange done with theses currencies or their value ? I’m so lost