Nixon smiled. He used phrases like “stability” and “safety.” What he did not say was that he had simply switched off the monetary system holding your entire world collectively.
No vote. No warning. No worldwide settlement. Only a Sunday night time announcement — and fifty years of penalties that also present up in your grocery invoice, your mortgage, and the hole between what you earn and what issues value.
That is the Nixon Shock. The key choice that ended the gold commonplace and created the cash system you are dwelling inside proper now.
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