In one of the great ironies of history, Richard Nixon failed to grasp the new power he created by his decision to unmoor the dollar from gold. Most tellingly, he failed to make the connection between this historic decision and the new dynamic it injected into the historic Cold War struggle with the Soviet Union. Arguably, this is the most significant of the many apparently unrelated effects of the now dominant and unmoored dollar. The Cold War The 1970s were a difficult decade for the United States. From wearying stagflation to the humiliation of Saigon, the sordid shame of Watergate…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.