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International Gold Trade
Operation Meltdown, Part III: Only Three Weeks and 170 Tons to Go
Once upon a time money meant gold (and ever less silver), freely exchanged between private individuals looking to buy and sell, invest and spend.
But then came the 20th century.
It’s worth bearing in mind — now that the 20th century’s ended, if not quite shuffled off — that the dollar only became the world’s No.1 money because the United States owned pretty much all of the gold. As the radioactive dust cleared at the end of the Second World War, Washington controlled well over two-thirds of the…
10Sep2008 | Whiskey and Gunpowder | Comments Off | Continued
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