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January 15, 2022, 09:50:33 AM |
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In July 1971 Henry Kissenger, US National Security Advisor, made a secret trip to Beijing.
In August 1971 Nixon announced the end of the USA gold standard.
These are connected, in theory. Here's why: USA needed China to help them defeat the Soviet Union. China had leverage, they wanted huge amounts of investment. So the USA had to leave the gold standard in order to provide huge amounts of cash investments to China.
The rest is History.
I would love to see the archive of the notes made by the Chinese officials about Kissengers visit.
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