- This is One of The Single Biggest Threats to The Dollar Today
by Simon Black, https://www.sovereignman.com/
In late November 1943, as World War II raged in Europe and the Pacific, leaders of the ‘Big Three’ allied nations– the United States, United Kingdom, and Soviet Union, held a key strategy meeting in Tehran.
It’s hard to imagine anymore that the United States and Soviet Union were, at least for a time, allies. Many of us grew up in a world where the Cold War dominated, and threat of mutual nuclear annihilation was ever-present.
But it wasn’t always that way.
Relations between the Soviet Union and the West started out as fairly neutral in the 1920s. And even by the mid-1940s the two sides were allies. The conference in Tehran (followed by another meeting in Yalta in early 1945) represented the high water mark in cooperation between the Soviet Union and the West. But after the war, their relationship rapidly deteriorated.
By the early 1950s, the two sides were in full blown Cold War– and you could see it everywhere: the Space Race, the Arms Race, the Cuban Missile Crisis, proxy wars across Asia and Latin America, massive military buildup in Europe. These tensions escalated very quickly… and lasted for decades– the Soviet Union and the United States were mortal enemies for nearly 50 years. We’re seeing many of the same elements today in a new, rapidly growing conflict between the US and China.