| Publication |
2013.
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| Summary/Abstract |
It had survived a series of crises starting with the "gold crisis" of 1971 when it turned out that America could not cover the European payment orders. President Nixon had no choice but to unilaterally dispose of the convertibility of the dollar to gold: the American currency entered a new life of unrestricted emission.
In 2006-2007, the economic base of the huge transnational corporations (about 70 largest banks and companies of the Monsanto and ExxonMobil type) responsible for economic decision-making started crumbling. Why? Because stock indices as indicators of sustainability of American corporations revealed negative trends.
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