​WTF Happened 53 Years Ago Today… Why The Nixon Shock Is Still Affecting Us All – Tyler Durden

WTF Happened 53 Years Ago Today… Why The Nixon Shock Is Still Affecting Us All Authored by Christopher Roark via CoinTelegaph.com, Aug. 15, 2024, marks the 53rd anniversary of the “Nixon Shock,” the day that United States President Richard Nixon eliminated the gold standard for the US dollar. At the time, Nixon claimed that taking the dollar off the gold standard was “temporary” and would “stabilize” the dollar.  However, the effects of this decision have proven to be profound, and economists still debate its benefits and costs today. On Aug. 14, Niel Jacobs, head of brand management at Bitcoin savings…  — Continue at ZeroHedge News : Read More