The Dollar Empire and Retreat of America
The global events of recent years, culminating in the American withdrawal from Afghanistan - disgraceful as per some in media, has forced us to rethink the grand arch of global history as it is being remade. Here, I set out to recall and layout specific geopolitical happenings of the past 50 years that helped shape the world story leading up to the present, concentrating specially on the currency wars and economic side of things, starting with some startling events that happened in the August of 1971, that were barely noticed at the time but caused huge ripples globally over the decades, and specifically for the "West". On a Sunday morning on 15th August 1971, the then US President Richard Nixon came on television and announced the suspension of convertibility of US dollars into gold for foreign governments, thereby breaking the Bretton Woods agreement of 1944, and abruptly throwing the entire world into a Fiat currency regime, with no hard asset backing any of it global...