A treasure of information that helps us understand the impact of the extraordinary meeting on August 15th, 1971, in Bretton Woods. In fact, the mighty leaders of that time witnessed Richard Nixon terminate the convertibility of the USD to gold (aka Gold Standard), which effectively brought the Bretton Woods system, established 27 years earlier, to an end. Basically, the whole world that entrusted their Gold to the US in time of war was informed that it could not redeem it anymore with the USD they were ironically receiving as
WTFhappenedin1971.com
WTFhappenedin1971.com
WTFhappenedin1971.com
A treasure of information that helps us understand the impact of the extraordinary meeting on August 15th, 1971, in Bretton Woods. In fact, the mighty leaders of that time witnessed Richard Nixon terminate the convertibility of the USD to gold (aka Gold Standard), which effectively brought the Bretton Woods system, established 27 years earlier, to an end. Basically, the whole world that entrusted their Gold to the US in time of war was informed that it could not redeem it anymore with the USD they were ironically receiving as