70 years ago, the United States of America had just emerged from World War II as the most dominant superpower in the world.
At that point America’s economy was the only one left standing.
And the US government had essentially dictated terms in establishing a new global financial system (known as the Bretton Woods agreement).
Doing so thrust the dollar at the center of world trade and banking.
Suddenly every government, central bank, and major corporation needed to hold and transact in US dollars… and to establish a banking relationship in the United States.
This gave the United States a tremendous amount of power—power they respected and never abused.
At the same same time, high ranking members of the Nazi party had fled to the four corners of the world, often with a vast treasure trove stashed away at Swiss banks.
Most of this wealth was acquired through mass genocide. And yet Switzerland’s secrecy laws protected Nazi clients from having their information turned over to authorities.
No one pressed the issue further.