I disagree

  There was no benefit to China in the trade between China and the us. Why attempt to artificially inflate the value of the dollar through Bretton Woods after the Second World War? Why try to imitate the English Empire by trying to import the worlds goods and services in exchange for us dollars? If american policy was mercantilist why did roosevelt and truman not simply peg the value of the us dollar below all other currencies including the british pound, the Japanese yen, the Soviet Ruble, the German Mark, and French Franc?

Preparing to rebuild the international economic system as World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference. The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July 1944.
Setting up a system of rules, institutions, and procedures to regulate the international monetary system, the planners at Bretton Woods established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group. These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement.
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold and the ability of the IMF to bridge temporary imbalances of payments.

  Bretton Woods so artificially inflated the value of the us dollar, the united states almost immediately began to post trade deficits the moment Bretton Woods was put into place.

  If Europe was also mercantilist why setup the euro? Why trade the euro at a higher value than the dollar? Why end Bretton Woods in 1971 by dumping usd? By continuing to support the usd, and subsidizing the fraud that was Bretton Woods. They could have continued to post record trade surpluses against the united states? Why did nixon freak out when europe dumped the us dollar. This was america's chance to start posting trade surpluses against europe.

  I have never ceased my position on this issue. China and no country in the world should continue supporting the dollar. Let the us post trade surpluses and the rest of the world simply sit back and print money.