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Instead, America's attention has shifted to China, with its soaring foreign-exchange reserves and (until recently) fixed currency.
The idea was to help the country defend its fixed currency, which had become a political touchstone, while avoiding default on $132 billion in foreign debt, allowing it to continue good relations with foreign investors.
This is to ensure that their savings are in a more fixed currency, and are secure.
Or fiddling their economic figures for years to get into a completely unsuitable fixed currency system.
Within a fixed currency they cannot devalue.
Like Ireland, Portugal has struggled to grow under the fixed currency regime of the euro.
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Those Asian currencies that float are also being pressured by the yen.So, too, are Asia's two remaining fixed currencies.
It is a grand hotel in remote northern New Hampshire where JM Keynes and others created the postwar world of the International Monetary Fund, World Bank and fixed currencies, a system dominated by the victors.
Just look across the sea at the Baltic states: they have gone through agonising recession, and internal devaluation within fixed currencies, but are now growing faster than anyone else in the EU.
The allegations are every bit as bad as they have been with Libor," 12.18pm GMT FCA: FX rigging 'every bit as bad' as Libor Back in parliament the head of the City watchdog, Martin Wheatley, has told MPs that claims that foreign exchange traders collaborated to fix currency bench markets are just as serious as the Libor rate-rigging scandal.
By fixing currencies to gold, the gold standard also fixed them to each other.
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