In 1944, the world essentially adhered to the dollar standard, making the U.S. dollar the reserve currency of the world. This meant that the world had to trade in U.S. dollars, just as the U.S. citizen has to pay his or her taxes in U.S. dollars. The reason the United States is such a rich country today is because we can pay our debts and trade with U.S. dollars we've printed - legalized counterfeit money. If other countries like Argentina or China were allowed to have their currencies as the reserve currency of the world, they too would be rich. The danger of this all is that if the dollar loses too much credibility, countries like China may indeed choose to create a new reserve currency. If this happens, America is toast. We will not be able to live off counterfeit money any longer.
— Robert Kiyosaki; Rich Dad's Conspiracy of The Rich
