50 Years Ago Today
August 15th 1971. A quick note on a 'golden jubilee'.
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…