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Tonight, I am your student. Over the course of the next two and one half hours, I would like a crash course in international finance and banking so that we can figure out how we arrived at our current state of affairs. Who would like to start?"James Courie from the Federal Reserve began speaking."Many of the financial problems that we face today can be traced back to Lyndon Johnson's attempts to pay for the Vietnam War and his War on Poverty without a tax increase. This resulted in deficits and set the stage for the inflation that took hold in the early 70s because the U.S. government began printing more and more money in order to pay its bills. Because of that, the dollar weakened in relationship to gold and to other currencies. By 1971, it was evident that the Bretton Woods system of a set dollar price for gold came apart." What exactly was Bretton Woods?" interjected the President."In 1944, the finance ministers of the major economic powers met at Bretton Woods, New Hampshire to. 'Jesus, ' I thought, silently appraising the beautiful, young woman in front of me, 'I wonder how long it will take me before I have that haughty smirk wiped off her face.' And Amelie was beautiful, even more attractive than her Mother, who had been a stunner in her own right when she had been a teen.Model tall, Amelie's 5'9" body had filled out over the last four years and round, high breasts proudly stood above a miniscule waist and flaring, full hips. She was wearing designer jeans, jeans cut so low her pubic bones were half exposed and dark, rich pubic hair would have been luxuriously escaping if she hadn't shaved and waxed. I could see her slit clearly defined by the tightness of the material at her groin and wondered fleetingly if she was wearing any underwear at all.She certainly wasn't on top, as I could see her jutting nipples and her dark alluring circles through the thin, beige cashmere sweater she wore, and each step or motion produced a wonderful cascade of movement under.
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