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In the end, the Bretton Woods agreement established the American dollar as the world's predominant currency, pegged to gold and with other currencies fixed against it — a system that endured until the 1970s, when President Richard M. Nixon took the dollar off the gold standard and floating exchange rates soon prevailed.
At the same time, it has in essence bypassed much of the U.S. dollar-denominated global trade regime by putting into place bilateral trading arrangements that utilize the yuan -- thereby putting pressure on the dollar as the world's predominant currency.
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A permanent run-up in gold, as long history has shown, means that the agents in the economy at large are suspicious of the way the predominant currency-issuer is conducting itself.
This process has been around since Nielsen's inception, and it's still the predominant ratings currency in the business.
"The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency," Mr. Zoellick told the School of Advanced International Studies of Johns Hopkins University.
Yesterday, the US Attorney's office in Manhattan brought charges against the founder of LibertyReserve.com, an online e-currency trading company that an indictment handed down in Manhattan federal court claims was "the predominant digital form of money laundering used by cyber-criminals worldwide".
The predominant sample?
Predominant colour: grey.
White males are predominant.
That is, even as someone considered a "dollar pessimist," I nevertheless see the dollar remaining predominant, and eventually settling into a role that can be described as "first among equals" status among a number of international currencies.
Green is the predominant colour.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com