The Veiled Power Game of the International Financial System

In a world where the global economy is increasingly intertwined, the international financial system has become a giant chessboard, where the strategic movements of banks and financial entities determine the destiny of entire nations. However, behind the façade of stability and growth lies a darker reality: the deception and manipulation that has led to devastating financial crises.

The 2008 global financial crisis is a clear example of how financial liberalization and excess global liquidity, combined with inadequate regulation, can push the global economy to the brink of recession. The recent debacle of prominent banks in the United States, such as Silicon Valley Bank and Signature Bank, has revived fears of a new wave of financial instability. These events are not isolated, but are part of a pattern of speculative and, at times, fraudulent behavior that has characterized financial markets for decades.

The perception that the dollar became a worthless currency after losing the support of gold is a topic of economic debate. In reality, the dollar did not become worthless; rather, it changed the nature of its value. Before 1971, the dollar was backed by gold, which meant that each dollar in circulation could be exchanged for a fixed amount of gold. However, President Nixon eliminated this support to combat the economic crisis and inflationary pressures of the time.

By abandoning the gold standard, the dollar became a fiat currency, meaning its value is not backed by a physical asset like gold, but by the trust and economic stability of the United States. Despite initial concerns, the dollar has maintained its position as the world's leading reserve currency due to the economic, political and military strength of the United States.

The international financial system, with its complex structure and evolution, has witnessed significant transformations, from the bankruptcy of Bretton Woods to the present, marked by economic integration and technological innovation. However, these transformations have not been free of controversy and conspiracy. Financial crime, which attacks global financial systems, is a reality that hinders economic growth and causes enormous losses to companies and people around the world.

It is crucial that citizens are informed and critical of financial news. Transparency and proper regulation are essential to prevent future crises and protect the public's interests. Meanwhile, the international financial system will continue to be an arena of power and mystery, where each player seeks to maximize their profits, often at the expense of global economic stability.
References
https://www.alainet.org/es/active/48720
https://danifernandez.org/articulo/nixon-patron-oro/
https://expansion.mx/mercados/2022/01/27/inversionistas-caida-oro-refugio
https://www.realinstitutoelcano.org/analisis/la-crisis-financiera-mundial-causas-y-respuesta-politica/
https://cincodias.elpais.com/mercados-financieros/2023-03-13/cronologia-de-la-crisis-bancaria-en-ee-uu-causas-y-consecuencias-del-terremoto.html