It wasn’t enough however and in 1967, Prime Minister Harold Wilson announced a 14.3% devaluation, reducing the Pound-to-Dollar rate from $2.80 to $2.40. The Bretton Woods system was abandoned in ...

Every beat of my patriotic heart, every spark of my nation building energy, every iota of my common sense, every conclusion of my rational thinking compels me to most ardently, passionately and ...