Today in 1971: President Nixon Closes the Gold Window

https://mises.org/blog/today-1971-president-nixon-closes-gold-window

DE GAULLE predicted the US monetary crisis in 1965

Now you know why Charles de Gaulle sent warships to New York to take delivery on gold bars they purchased with USDollars, still redeemable for gold at the time.  The US Treasury was literally running out of gold because the French and Italian government purchases were depleting the Treasury's gold reserves.  This forced the hand of President Nixon to close the gold window on August 15, 1971.



http://youtu.be/i-g2iGskFPE

Today Is The 40th Anniversary Of Nixon Ending Gold Standard And Creating Modern Fiat Monetary System

President Nixon closed the gold window 40 years from today, August 15, 1971, right before one of the most inflationary decades in US history.  Note in the archived video this action was intended to "halt inflation."  Laugh out loud.  Lies, lies, and more lies from Tricky Dicky...

http://www.zerohedge.com/news/today-40th-anniversary-nixon-ending-gold-standard-and-creating-modern-fiat-monetary-system