A new global financial environment has unfolded in several stages since the collapse of the Bretton Woods system of fixed exchange rates in 1971. - Michel Evgenij Chossudovsky

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A new global financial environment has unfolded in several stages since the collapse of the Bretton Woods system of fixed exchange rates in 1971.

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About Michel Evgenij Chossudovsky

Michel Chossudovsky (born 1946) is a Canadian economist. He is professor of economics (emeritus) at the University of Ottawa. He is the president and director of the Centre for Research on Globalization (CRG), which runs the website globalresearch.ca, founded in 2001, which publishes falsehoods and conspiracy theories. Chossudovsky has himself promoted conspiracy theories about 9/11.

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The WTO was put in place following the signing of a "technical agreement" negotiated behind closed doors by bureaucrats. Even the heads of country-level delegations to Marrakech in 1994 were not informed regarding the statutes of the WTO, which were drafted in separate clossed sessions by technocrats.

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