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In my view, all future U.S. taxpayer exposure in the Soviet Union should be collateralized by the Federal Reserve or Treasury taking possession of Soviet gold bullion (or some other hard-currency equivalents) to cover the total liability of new credits.
CENTERFORSECURITYPOLICY: Center for Security Policy | The Soviet Union In Crisis: Us Interests And Responsibilities
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If these seem like momentous days, consider the year 1979: the second great oil shock, the ascension of Margaret Thatcher, the appointment of Paul Volcker to head the U.S. Federal Reserve, the Soviet invasion of Afghanistan.
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Military leaders protested that this was far too little to achieve foreign policy professed goals, while civilian leaders resisted militarizing the federal budget or economy as in Soviet times, according to Global Security.org.
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