The British pound sterling was the global reserve currency pre-WWII, not due to superior economic strength but due to the British Empire's vast territorial control—at one point over 25% of the world's population lived under British rule.
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Speaker
Mel MadisonEvidence Quote
“It was a pound sterling system prior to World War II... a lot of this was because of the British Empire, right? So, uh know, as the saying goes, the sun never sets on the British Empire. I believe at one point over 25% of the world's population um was under the Union Jack, and the the pound sterling was the currency.”
Source
Asset Bubble Crescendo Until 2027 Collapse When U.S. Treasury Market Implodes, Argues Mel Mattison— Forward GuidanceCreated: 8/12/2026, 6:43:41 PM
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