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The White War

How did Britain, though assumed to be bankrupt, pursue an anti-Communist economic war from 1945. Ian Locke examines the case.


US, for example, only agreed to become the ‘arsenal for democracy’ as a result of explicit information it received from the British.


Soviet Union. Preliminary intelligence work on the Soviets (and Communists) had already been undertaken following the Nazi-Soviet Pact of 1939. British intelligence readily acknowledged an immediate advantage; the Soviets found it impossible to keep secure their internal and external communications by having to deal with up to 125 local languages which had to be translated into Russian. As a result there were limits on the type of signals they could effectively use.


The Economic Warfare department had begun to tailor its objectives towards undermining Soviet economic interests early in 1944, based on the experience of handling the Axis powers. The anti-Communist operations comprised three main areas of activity – direct intervention in the economy; the gathering, interpretation and handling of economic intelligence; and overt economic counter-espionage.


France was abandoned in 1945).


Italy where AMGOT, the Allied occupation authority, rapidly took control of the Italian economy (literally, insofar as it directly held the printing plates for the new Italian currency), and took over all major industry in its efforts to limit the influence of the Communists.


USSR in the mid-1940s.



Under the Bretton Woods Agreement, gold will purchase any currency. If that is not going back to gold, I do not know what going back to gold is.

Switzerland) over sheltered ‘Nazi’ gold a matter of significance.


US, with a mandate to return stolen gold to genuine claimants.



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