"Rather than a "new financial architecture" for an old and obsolete system, what is called for is to demolish the established financial system down to its very foundations to set up another one that is truly reliable, democratic, equitable and humane conducive to eradicating poverty and saving the world".
Citas
“The order that has been currently established in the planet shall not be able to last. Soon after, it will inevitably collapse. The so called hard currencies will lose their value as the instrument of the system that has exacted a contribution of wealth and unlimited sweat and sacrifice from the peoples.”
"The military adventures of the United States in alliance with the former colonial powers, particularly the United Kingdom, France, Spain, Belgium, the Netherlands and the recently created West Germany, led that country into other military adventures and wars that plunged the monetary system established at Bretton Woods into a crisis.
At the time of the genocidal war in Vietnam, a country against which the US was at the verge of using nuclear weapons, the US President took the shameless and unilateral decision of suspending the dollar’s gold pattern. Ever since then, there have been no limits to the issuance of paper money. That privilege was so much overused that the value of the Troy ounce of gold went from 35 dollars to figures way above 1 400 dollars, that is, no less than 40 times the value it kept for 27 years until 1971, when Richard Nixon took such nefarious decision."
At the time of the genocidal war in Vietnam, a country against which the US was at the verge of using nuclear weapons, the US President took the shameless and unilateral decision of suspending the dollar’s gold pattern. Ever since then, there have been no limits to the issuance of paper money. That privilege was so much overused that the value of the Troy ounce of gold went from 35 dollars to figures way above 1 400 dollars, that is, no less than 40 times the value it kept for 27 years until 1971, when Richard Nixon took such nefarious decision."