CPI

I’ve been playing with the possibility that Nixon had to break it as the euro dollar system was creating too many claims against the US reserves. Foreign banks creating dollars through and then turning up to the fed asking for gold… like a speculative attack on the gold reserves by all foreign banks with enough standing to lend “dollars”…

What’s wrong with my thought process here?

Fun fact: I tried posting a link to wtfhappenedin1971 on Facebook and the post was removed (twice).