50 Years Ago Today

August 15th 1971. A quick note on a 'golden jubilee'.

Aug 15, 2021

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Quick note on a ‘golden jubilee’.

50 years ago today the US president Nixon unilaterally removed gold from the centre of the world monetary system – replacing it with US Treasury bills.

Chinese General Qiao Liang said the ‘Nixon Shock’ it was THE crucial event of the 20th Century – more important that the two world wars and the collapse of the Soviet Unio…

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