http://www.mcmcbuy.com of the US and UK government policy. The off-shore governments now constitute a huge wealth of mobile capital, which is serving to erode the ?international and domestic, economic and political underpinnings of the post-war world order Political support for the off-shore markets in the 1960s stemmed from their growing importance in the short and long term financing of the operations of the international multinational firms, many of whom had influence in US politics in the 1960s. Due to the openness of the City of London, the markets grew quickly, creating a similarity of interests between the City and New York finance. However, Helleiner argues , that the Euro-dollar market was a means for the US government to allay fears concerning ?seigniorage? gains accruing from the dollar because the market was outside the direct control of the USA. Also, the Euro-dollar market became attractive to the oil-exporting states who deposited their massive increased earnings in the London offshore markets, whose value expanded ?to over $1 trillion ($1000 billion) by 1994. Its appeal for the oil states was that it was apparently beyond the reach of the US government http://www.mcmcbuy.com it was movable, it was secret; and it paid a handsome and floating rate of interest.