Macroeconomics, finance and watches
Discussion
When do you predict the decline of Fiat happens?
1971
On August 15 1971 president Nixon directed Treasury Secretary Connally to suspend, with certain exceptions, the convertibility of the dollar into gold or other reserve assets, ordering the gold window to be closed such that foreign governments could no longer exchange their dollars for gold.
https://wtfhappenedin1971.com/
I’m pretty sure I’m going to go down this 🐇 🕳️ , thanks for introducing me to this!
