Jeffrey Garten
speaker
224 appearances
1 recordings
1 series
first heard Jun 2026
last heard 3 Jun
Jeffrey Garten’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
They were not going to make the decision to take their currencies and exchange it for gold, but they didn't have control over their governments who might do that.
They also, I think there was a fear, especially
Germany and Japan, and here's where the foreign policy stuff comes in again, the U.S.
was their protector.
The U.S.
was the country that was basically supplying the military protection.
And so while on economic and financial terms they might want to exchange their currency for gold,
they were quite uncertain about what the United States' reaction would be in the foreign policy and defense arenas.
So there was kind of a standstill, except every once in a while,
France would come in and want some gold.
Belgium would do that.
They were not great amounts, but they were enough to really worry the U.S.
What if Germany and Japan actually changed their mind?
Because U.S.
policies were failing.
As Gillian said, there was more inflation.
There was more unemployment.
The collective bargaining system was out of whack.
The balance of payments deficit was getting bigger.
Robin, I think you alluded to this, that in 1971, for the first time,
Showing 201–220 of 224 · page 11 of 12
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