Is the international monetary system set up at Bretton Woods in 1944 on the verge of breaking down?

The international monetary system set up at Bretton Woods in 1944 is on the verge of breaking down. It could still be saved by heroic measures, especially if these were taken in the United States. They would include an immediate slash in projected government expenditures, an immediate balancing of the budget, and a halt in any further increase in the stock of money. But in the present political and ideological atmosphere, these measures are very unlikely. The advice at the end appears to be: buy gold.