Study of the Hegemony of Parasitism - michaeljgoodnight.com

Manhattan Corp., and the Organization for Economic
Development, a group representing 22 nations." The
Times editorially stated, "We unhesitatingly applaud the
boldness with which the President has moved on all
economic fronts -- an admiration for the completeness
with which the President has junked the do-nothing
approach that immobilised the country and sapped the
national will."
On 17 Aug. 1971, the Times quoted Paul Volcker, Under
Secretary of the Treasury, who, when asked if other
currencies would rise in relation to the dollar, replied, "I
think we are in no position to object." With the story was
a photo of Volcker conferring with banking officials in
London, with the caption:
"Under Secretary Paul A. Volcker conferred with leading European financial
officials here today on President Nixon's new policy to meet the dollar crisis.
He hinted broadly that the U.S. would be happy if other countries let their
currencies float in the exchange markets. Their value would presumably rise
in relation to the dollar. Mr. Volcker said he had found a 'very good
understanding' in his meeting. But at the end of a confusing day in European
ministries and banks, few thought they could see a clear way out of the
immediate monetary chaos caused by Mr. Nixon's moves."
Advance knowledge of such a far-reaching change in the
monetary system would be worth billions of dollars.