Rowland Baring, governor of the Bank of England between 1961 and 1966, found the Bretton Woods system — which controlled the exchange of currency and used gold-backed US dollars as an “impartial” international currency — both unethical and damaging to the City of London. Many agreed. When banker Ian Fraser changed the way the global economy worked, his system allowed for the unprecedented concentration of wealth that we see today, and it created the destructive gap between rich and poor.
The Real Goldfinger: The London Banker Who Broke the World
Oliver Bullough | The Guardian | September 7, 2018 | 4,138 words
