The fundamental reason for the collapse of the system is the inextricable contradiction in the system itself.
The dollar crisis is the direct cause of the collapse of the capitalist world economy.
1. U.S. gold reserves decline.
The lack of adequate gold reserves as a base seriously undermined the dollar’s credibility.
2. Inflation is rising in the United States.
The United States launched the war of invasion of Vietnam, huge, rely on the issue to make up for inflation.
3. The US continues to run a deficit in its balance of payments.
At the end of World War II, the United States exported goods to Western Europe, Japan and other parts of the world, resulting in a persistent and large balance of payments surplus of the United States, and a large influx of gold reserves from other countries into the United States.