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originally posted by: Never Despise
a reply to: angelchemuel
This may not be a popular view, but remember the context of Nixon's visit: the height of the cold War, when there was an abiding and real fear of the USSR. Nixon's strategy of "triangular diplomacy" split the Chinese from the Soviets forever and paved the way for the end of the cold War.
At the time it was a geopolitical masterstroke.
Nixon did not send jobs to China: that happened on Clinton's watch. Nixon was many things (his abandonment of the gold standard was nasty business), but dividing the Chinese from the Soviets was one of his better moments IMHO and significantly weakened the latter long-term so that Reagan could later administer the coup de grace to the cold War era.
originally posted by: TonyS
a reply to: SleeperHasAwakened
I have read quite a bit about this, but my question remains.......however can the IMF override the power and authorities behind the current system. Our minds automatically run to the US banking system and the US Dollar status as the world reserve currency. But that status and that system is greatly interlocked with the banking system in London and the European Banking system and the Swiss Bank of International Settlements.
The IMF cant just willy nilly change the world banking system without ending the existing monopoly backed by London, the European Banking industry and the BIS and I just cant see that being possible.
new twist: introduction of a digital currency to remove the liquidity and anonymity that traditional currencies provide.
originally posted by: anonentity
a reply to: Never Despise
Like it or not crime is a great employer vast sums of money get into circulation because of it. This money will stop circulating at a time when AI is taking more modes of employment. At present Banks around the world have stopped there gold purchaces. It started with Russia and China and ended up with most of the worlds countries gathering it in. So buckle up if they think they have enough then the reset cant be that far away. The price of Gold and silver has been kept low by the likes of JP Morgan by spoofing and they are still doing it, was this a reason to allow Gold and Silver to be bought up at reasonable prices, so most countries were able to heed the call? At the moment the world economy is in dire shape pricing a fiat currency against economic performance is a fools game, so are we looking at a revaluation of PM's to back the accululated debt?