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 come up with a post-war economic system. Gold was set at a fixed rate of $35.00 an ounce and the dollar was the central currency for international trade. The first cracks in that system became evident when the British drastically devalued the pound in 1967 because the strong pound made British goods too expensive on the international markets. The Bretton Woods system finally collapsed when President Nixon took the United States off the gold standard in 1971."The discussion went on from there with Mitchell Stroach from the Office of Management and Budget explaining to the President how a series of economic blunders by succeeding Presidents, including Nixon's wage and price freeze and his stimulation of the economy until after he was. "Arthur picked up the cane, Emma's eye's went even wider and tears beganto form. Paula was already crying. She was thinking, they wouldn't wouldthey?On Arthur's signal Sid cut the lights. "Damn and blast, power failure.We'll have to get an engineer. Stay there girls, don't go anywhere,we'll be back soon." The door opened and they were left alone in thedark.For Emma the stress of the position and the threat to her dignity wassending her into a very aroused state. Paula just whimpered.Eventually after a few minutes the door opened and a figure, who waswhistling but otherwise said nothing, moved through the office flickingswitches. The person picked up the cane and gently brushed the back ofEmma's legs with it, that was enough, she shuddered with an orgasm. Thefigure then moved around to be in front of Paula and she heard a zipbeing undone. She was so vulnerable she shook with fear of what waspotentially about to happen she fainted.The next thing she knew she was sat in a chair and Sid.
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