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Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever
Manage episode 500521909 series 3410128
Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever | https://www.themorganreport.com/join
Fifty-four years ago today, President Nixon went on national television and quietly made one of the most consequential announcements in economic history: the U.S. would no longer redeem dollars for gold. What was sold as a “temporary measure” became a permanent turning point — the moment the dollar cut its final tie to tangible value.
That night in August 1971, the rules of money changed. Gold was out. Fiat currency was in. Since then, debt has exploded, inflation has become a constant, and central banks have gained the power to create money without restraint. The world we live in today — from the price of groceries to the balance of global power — was set in motion by that single decision.
Listen to this audio on Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever, then please share with your friends and family on social media and use the caption Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever.
The Morgan Report's Weekly Perspective is our free e-newsletter which keeps YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free Morgan Report: https://www.themorganreport.com/join-the-free-morgan-report
David Morgan
The Morgan Report
404 episodes
Manage episode 500521909 series 3410128
Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever | https://www.themorganreport.com/join
Fifty-four years ago today, President Nixon went on national television and quietly made one of the most consequential announcements in economic history: the U.S. would no longer redeem dollars for gold. What was sold as a “temporary measure” became a permanent turning point — the moment the dollar cut its final tie to tangible value.
That night in August 1971, the rules of money changed. Gold was out. Fiat currency was in. Since then, debt has exploded, inflation has become a constant, and central banks have gained the power to create money without restraint. The world we live in today — from the price of groceries to the balance of global power — was set in motion by that single decision.
Listen to this audio on Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever, then please share with your friends and family on social media and use the caption Fifty-Four Years Since Nixon Shut the Gold Window: The Day Money Changed Forever.
The Morgan Report's Weekly Perspective is our free e-newsletter which keeps YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free Morgan Report: https://www.themorganreport.com/join-the-free-morgan-report
David Morgan
The Morgan Report
404 episodes
All episodes
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