What do we need to bring the Bretton Woods system back?

1. A more educated population: citizens need to be well informed and able to understand economics
2.Sovereignty of each and every nation state in relation to natural law: like what’s written in the Declaration of Independence
3. Each state will have unlimited opportunity to contribute to a growing system of technological advances: not giving up their sovereignty
4. We must stick to fixed exchange rates
5. The US dollar must remain the International Reserve Currency
6. We must return to a gold backed exchange rate
7. We must bring back a fair market price of gold, based on costs of production
8. No country can conduct devaluation of currency without 3/4 agreement of member states
9. All countries must leave the Paris Climate treaty
10. Free Trade must be abandoned
11. Each country must abandon independent central banking: replaced with Hamiltonian banking system
And more!

The goal was to get many countries away from their previous colonialist systems, but instead many kept them. Many European countries started pulling their money, converting it to gold, experiencing economic collapse, which in turn affected the worth of the US dollar. With America at risk, President Nixon decided to pull out of the Bretton Woods Agreement.

Between WW1 and WW2, cartels run by the British started to become more frequent and start issues throughout Europe. They helped put Hitler into power, run Auschwitz and other concentration camps, and took over factories.
These cartels created the European Union which, as said by President Trump, was against the interests of the United States. The creators of these cartels also advocated for a system of central banks, which would put power back into the hands of these cartels later down the line.

As we see in the graph presented in the video, 50 countries experienced GDP growth of at least 3 percent because of the new Bretton woods system. Even countries in Africa and Central America that might not have been the most technologically developed, were benefitting. After the system was disbanded, only 9 of those countries continued experiencing growth.

As Wertz says in the video, this is because many countries reached peak industrialization and decided to focus on the exporting of raw materials rather than continue developments.

The Bretton Woods system of monetary management established the rules for commercial relations 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 govern monetary relations among independent states. The Bretton Woods system required countries 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.