In 1991, Soviet Premier Mikhail Gorbachev is overthrown in a coup led by hard-line Stalinist military officers unhappy with the results of his policies of glasnost and perestroika, which they blame for the collapse of Soviet control over Eastern Europe. He and his wife Raisa are held prisoner at Gorbachev's dacha in the Crimea. A so-called "Emergency Committee for the Restoration of State Order" proclaims itself the acting government of the USSR.
Gorby Toppled by Eric LippsNews of the coup sparks panic buying of gold in Europe, Asia and America. The price of gold, which had stood at 321 USD per ounce before the takeover, soars.
U.S. President Jack F. Kemp denounces the toppling of Gorbachev. In a televised address, he warns: ~ "The reckless action of the so-called 'Emergency Committee' threatens the peace of the world. Premier Gorbachev has demonstrated since coming to power a flexibility and openness to reform not previously seen in the leadership of the Soviet state. If those attitudes are now repudiated in favor of bluster and bullying in the style of Stalin and Khrushchev, the Soviet people and the world at large will suffer a great reversal. We can only hope that this seizure of power will fail, and that duly constituted authority under the recognized premiership of Mr. Gorbachev will be restored".
"The reckless action of the so-called 'Emergency Committee' threatens the peace of the world" ~ President Jack KempConservatives will mock the President's speech as an example of "Gorbymania", and in an article in right-wing magazine Human Events, exiled Russian dissident Aleksandr Solzhenitsyn declares, ~ "There is not, and never was, a 'duly constituted authority' under the Communists. Premier Gorbachev's removal is merely the replacement of one totalitarian terrorist who has managed to deceive gullible Westerners as to his nature with a gang of such tyrants who see no need to do so".