The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
For as long as the shah of Iran occupied the Peacock Throne, his relations with the United States depended on a mutually accepted falsehood. Neither side stood to gain from acknowledging that Washington’s favorite dictator owed his position to American skullduggery. So regarding the events of August 1953, when the shah fled his country after unsuccessfully challenging its constitutionally elected prime minister, only to be restored a few days later after a military coup, both sides stuck to the story that the shah’s loyal subjects were responsible for his salvation.
But after 1979, when Islamic and secular revolutionaries overthrew the shah, not everyone felt compelled to maintain the lie any longer. A stream of histories, memoirs, and eyewitness accounts emerged that revealed how American and British spies, and not Iranian royalists, had played decisive roles in the plot to oust the prime minister, Mohammad Mosaddeq. Now, Ray Takeyh (“What Really