Financial colonialism

This work contains a brief history of colonialism and a description of the evolution of banking. Banks gradually began to play a dominant role in the economies of individual states and then the whole world. The emergence of key currencies in the global monetary system meant, in fact, the colonization of countries with secondary currencies. The turning point was the Bretton Woods world monetary system, a mono-currency system. This situation was cemented by the activities of the IMF, the World Bank and the WTO, which became a conduit for the victorious advance of MNCs. The countries that have money of issue are actually colonizing the rest of the countries. The way out of this situation is to create conditions for the transition to a multi-currency world financial system and an international institution that oversees the activities of international financial organizations.