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August 15, 1971: A Date Which Will Live in Monetary Infamy.

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First published at 15:28 UTC on August 15th, 2017.

maneco64

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In this report I talk about the Nixon Shock which happened on Sunday, August 15th, 1971. On that day President Nixon closed the gold window by defaulting on the US government's promise, under the Bretton Woods Agreement, to redeem dollars for g…

Nixon Shock: https://www.youtube.com/watch?v=rcnhF09QN78

De Gaulle 1965 speech: https://www.youtube.com/watch?v=eYgnGAr3-kM

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