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To: null and void; StillProud2BeFree

>>>They were encouraged in this by the United States as part of the Nixon Doctrine of persuading client states like Japan, Korea, Vietnam, the Phillipines, Indonesia, Pakistan, Iran, Israel, Saudi Arabia and Egypt to take on more of the regional security tasks during the U.S. withdrawal from Vietnam. This policy launched a campaign of conventional and nuclear weapons proliferation, abrogation of the Bretton Woods agreement (on stabilizing international exchange rates) and a fundamental realignment of foreign policy. Most Americans only remember the "Vietnamization" aspect of the Nixon Doctrine, but<<<<

What ever this Bretton Woods agreement was might lend some light about the thoughts of nukes in Kuwait.


117 posted on 04/04/2006 7:31:15 AM PDT by Calpernia (Breederville.com)
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To: Calpernia

Bretton-Woods is the name of the town wherein an agreement was made in the 50s I believe which put the world upon a fixed exchange rate mechanism for currencies. It lead to to outflow of gold from the US because of the expenses of the Vietnam War and a weakening of the dollar.

Since gold outflows force currency devaluations under a fixed exchange rate Nixon removed the US from the agreement by taking the US off the Gold Standard. We have been on a Floating Exchange rate regime ever since in which the relative values of currencies are established on a moment to moment basis by the currency market.

It had nothing to do with Kuwait.


125 posted on 04/04/2006 8:13:23 AM PDT by justshutupandtakeit (If you believe ANYTHING in the Treason Media you are a fool.)
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