The End of Forex?

Sarkozy wants to revive Bretton Woods system (fixed exchange rates) and it seems that most world leaders and Obama himself agrees with him.

In cause that will happen - it will mean an instant end of Forex.

http://www.nytimes.com/2010/01/28/bu...lV/GDchqbW1yRg

http://en.wikipedia.org/wiki/Bretton_Woods_system

Impossible. If a pegged currency was the answer to all of our problems then it wouldn't have been abandoned 40 years ago and never reconsidered again. Time proved it's a bad choice. In no time there would be no money left in a country's treasury and the whole system would collapse.

Edit: Who made that [...] president of France ? What does he know about economics?