gold standard
Coverage of gold standard in the Nexus archive.
- Bessent’s Yen gamble is a warning sign — buckle up
U.S. Treasury Secretary Bessent and Japan’s Ministry of Finance intervened in currency markets to boost the yen, which Bessent claims is undervalued. The intervention included direct yen purchases and public statements, leading to a temporary yen strengthening. The article compares Bessent’s approach to historical currency manipulation by Russian finance minister Ivan Vyshnegradsky.
- Washington plans to announce nuclear agreement with Riyadh, US media reports
The United States plans to announce a 30-year nuclear agreement with Saudi Arabia, allowing American companies to build a uranium enrichment facility under certain conditions. The deal, to be submitted to Congress, lacks the 'Gold Standard' and 'Additional Protocol' safeguards, raising proliferation concerns amid Saudi Arabia's stated intent to match Iran's nuclear capabilities.
- Editorial Roundup: United States
The Wall Street Journal criticizes the Trump administration's advancement of a civil nuclear deal with Saudi Arabia, which would exclude safeguards like the Additional Protocol and the 'gold standard' of no uranium enrichment or reprocessing. The editorial argues this weakens U.S. nonproliferation efforts, contrasts Saudi Arabia with the UAE's 2009 compliance, and warns of increased global nuclear risks.