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A review of the International Monetary Fund gold crisis and its relationship to the deterioration of the NATO alliance. Once-basic NATO goals have now become fetishes: Common acceptance of the U.S. self-imposed gold-backed dollar standard enfeebles what could be a sound measure of currency on its own. Russian aggression, no longer imminent, still is the focal point of organization. Solutions may be to revamp NATO or start over; but, more likely, NATO will disband, and the dollar will cease to fill the void of an effective international monetary unit. In the confusion, Western European sympathies will shift eastward. 19 pp.

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