First published at 02:41 UTC on August 14th, 2021.
50 Year Anniversary Gold Gone... Dollar Debased | https://www.themorganreport.com/join
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from g…
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50 Year Anniversary Gold Gone... Dollar Debased | https://www.themorganreport.com/join
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
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