3 ms·
The US would be more than happy to pay back the Germans through exports of machine tools and cars and other goodies. I believe that German structural trade surp
by slv77 9y ago
The US would be more than happy to pay back the Germans through exports of machine tools and cars and other goodies. I believe that German structural trade surpluses are an issue both inside and outside the Eurozone.
Also after WWII the US had accumulated essentially all the worlds gold reserves leaving their currencies without backing. The alternative to the Bretton Woods agreement was the US gifting gold reserves.