If I have seen further it is by standing on the shoulders of giants.

Monday, August 15, 2011

Nixon Ends Bretton Woods International Monetary System

One generation ends the gold standard and the next goes on the soap standard If the US defaults on its interest payments on August 15 it will be 40 years to the day that Nixon "Temporarily" suspended the gold standard.

Nixon Ends Bretton Woods International Monetary System

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