Barclays PLC

Cold War Renewed with a Vengeance While Washington again Lies

The Cold War made a lot of money for the military/security complex for four decades dating from Churchill’s March 5, 1946 speech in Fulton, Missouri declaring a Soviet “Iron Curtain” until Reagan and Gorbachev ended the Cold War in the late 1980s. During the Cold War Americans heard endlessly about “the Captive Nations.” The Captive Nations were the Baltics and the Soviet bloc, usually summarized as “Eastern Europe.”