Comment Re:big deal, he'll move us to the gold standard (Score 1) 506
Also, this is completely unsourced but there are rumors around that the Bretton Woods Accord (pegging the dollar to gold standard) was terminated also for strategic reasons, as the largest supplier of gold (largest gold mines) after South Africa is... Russia.
Russia was the world's largest gold producer in 1850's:
http://www.goldminershq.com/VLAD.HTM
Just imagine during the cold war looking at this graph...
http://www.goldsheetlinks.com/production.htm
Had you been in the oval office with everybody in the white house and the kremlin as tense as they were, stayed with the gold standard?
mac