August 15, 1971 - a Date Which Will Live in Monetary Infamy.

in economics •  4 years ago 

On this historic 50th anniversary of the collapse of the gold-exchange system drawn up at Bretton Woods, we will look at the consequences of President Nixon's decision to default on the U.S. Treasury's gold obligations.

We will also be having our usual Q & A session.

A Sunday to Remember: https://www.maneco64.net/post/a-sunday-to-remember

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Thanks again, as always, for keeping us updated and educated, Maneco64 - @maneco64.

Wtf happened in 1971 lol