This is personal opinion clip as perspective in flash as one image in focus In support of my former clip After all it is only genuine reality - After all it is only genuine reality - vangelis - conquest of paradise
... The Fed's worst nightmare could be around the corner ... in flash as one image in focus ... and Vladimir Putin effectively run the world's ... Kristalina Georgieva ...
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Background music of ... Music in this video – Song - Shine on You Crazy Diamond (Parts 1 - 5) [2011 - Remaster]
Artist - Pink Floyd – Album - Wish You Were Here
Writers - Richard Wright, Roger Waters, David Gilmour
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End of the Gold Standard
In 1960, the United States held $19.4 billion in gold reserves, including $1.6 billion in the International Monetary Fund. That was enough to cover the $18.7 billion in foreign dollars outstanding.
But as the U.S. economy prospered, Americans bought more imported goods, paying in dollars. This large balance of payments deficit worried foreign governments that the United States would no longer back up the dollar in gold.
Also, the Soviet Union had become a large oil producer. It was accumulating U.S. dollars in its foreign reserves since oil is priced in dollars. It was afraid that the United States would seize its bank accounts as a tactic in the Cold War. So, the Soviet Union deposited its dollar reserves in European banks. These became known as Eurodollars.
By 1970, the United States only held $14.5 billion in gold against foreign dollar holdings of $45.7 billion. At the same time, President Nixon's economic policies had created stagflation. This double-digit inflation reduced the Eurodollar’s value. More and more banks started redeeming their holdings for gold. The United States could no longer meet this growing obligation.
The gold standard ended on August 15, 1971. That's when Nixon changed the dollar/gold relationship to $38 per ounce. He no longer allowed the Fed to redeem dollars with gold. That made the gold standard meaningless. The U.S. government repriced gold to $42 per ounce in 1973 and then decoupled the value of the dollar from gold altogether in 1976. The price of gold quickly shot up to $120 per ounce in the free market.
Once the gold standard was dropped, countries began printing more of their own currency.
But, before the gold standard end The Fulbright Commission as Fulbright scholarship accept few students at Columbia University from Russia on a Fulbright scholarship in 1958 there was two KGB rookies, one GRU rookie and the eye of the Russian brain as supervisor Aleksander Yakovlev who hold propaganda job within the Russian Political brain.
Officially these guys from KGB and GRU were playing journalist adept’s as this image as picture did fill in … fill out the U.S. Government Camera as well as Fulbright Commision scholarship.
In 1972 Alexander Yakovlev published an article that was critical of Soviet nationalism and anti-Semitism, and he was presently sent into “honorable exile” from Moscow to serve as ambassador to Ottawa (1973–83). Once again this was the image filling the camera square as KGB did sell for the US Government and a specially the U.S. and Canadian’s Jewish community upon advice of "Louis Bloomfield" "family" New York Headquarters’. During this time, he and Canadian Prime Minister Pierre Trudeau became close friends. Arguably, the most important formative role Trudeau played in easing tensions with Moscow was the friendship he developed with Alexander Yakovlev, Moscow’s ambassador to Canada. Urbane and intelligent, officially Yakovlev spent a decade in exile in Canada, punishment for his sins in calling for more effort to integrate Central Asian minorities into the USSR.
Off course, before that friendship in between Canadian Prime Minister Pierre Trudeau and Alexander Yakovlev, Moscow’s ambassador to Canada could take full effect it was an election where Trudeau competitor has to lose, and imagine who was the poor fellow as loser? It was Henry (Harry) Joseph Frederick Bloomfield, Q.C., KJ.ST.J., B.A., LL.B., M.B.A., a Canadian lawyer, convicted of fraud in New York, and lawyer for an alleged Mafia boss … Harry was nephew for Louis Bloomfield British Special Operations Executive (SOE), Major in the United States Army. Garrison, Jim, and the FBI's Division Five Boss.
Alexander Yakovlev Moscow’s ambassador to Canada reported prosperity; to Politburo & Russian KGB alias FSB.
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