Powerful Antiterror Weapon--Unused

Forbes, Steve
October 2006
Forbes Asia;10/16/2006, Vol. 2 Issue 17, p15
The author discusses the outcome of cutting the connection between gold and dollar. When the dollar was fixed to gold between the mid-1940s and 1971, the price of oil barely fluctuated. There have been fluctuations in oil prices since the dollar's formal tie to gold was severed in 1971. The author asserts that the near-tripling in the price of oil since 2002 has given terrorists tens of billions of dollars to wreak havoc on civilization.


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