As before the gold exchange standard collapse we had the London Gold Pool attempt to save the standard, we have today the Shanghai accord and similar initiatives to save the dollar standard. I am sure it will also fail as the London Gold Pool did. The collapse of the London Gold Pool was initiated by an insider (France) and followed by the other European countries. Don’t be distracted by the apparent collaboration of the G20. Today the equivalent of France could be China followed very close by Russia if not both at the same time. The Shanghai accord could be the prelude to the collapse as the London Gold Pool was in the 60s.