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What Is the Global Financial System Architecture?
We have been living in a dollar de facto global financial system for the last 30 years or so, says Ocas. The biggest decision that's happened in the 30 years is the decision by many countries to link their currency to the dollar and create these greatin balances we live with today. And of course, my argument is that those n balances have got to such a great level, not just in terms of debt to g p, but in equality of wealth and also pawr balance between china and america,. With china reaching a stage where it's quite powerful, that that old system has led to all these n balances and ar to be reversed.