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Opinion: 50 Years After Going Off Gold, The Dollar Must Go For Crypto

As the digital revolution accelerates, the national era in money is drawing to a close. . the demand for a monetary revolution is growing. ....

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50 Years After Going Off Gold, the Dollar Must Go for Crypto

After Richard Nixon scrapped Bretton Woods, the U.S. currency’s exorbitant privilege only grew because the U.S. embraced innovation, not regulation. ....

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What Happens When The Chickens Come Home To Roost?

What Happens When The Chickens Come Home To Roost?
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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How Richard Nixon Changed U.S. Economic Policy Forever

How Richard Nixon Changed U.S. Economic Policy Forever
newrepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newrepublic.com Daily Mail and Mail on Sunday newspapers.

New York , United States , New Hampshire , United Kingdom , White House , District Of Columbia , Republic Of , Bretton Woods , Lyndon Johnson , William Mcchesney Martin , Jamesl Butkiewicz , Joe Biden , Ronald Reagan , Georgehw Bush , Howardk Smith , Barack Obama , John Connally , Scott Ohlmacher , John Kenneth Galbraith , Bill Clinton , Sid Jones , John Maynard Keynes , Richard Nixon , Johnf Kennedy , Paul Volcker , Milton Friedman ,

The big float

The big float
Jun 26,2021 - Last updated at Jun 26,2021
BERKELEY August 15 is not a red-letter day on most calendars. True, August 15, 1969, was the first day of the Woodstock music festival. And the Panama Canal opened to traffic on August 15, 1914. Mostly, though, mid-August finds officials and others on holiday.
But not on Sunday, August 15, 1971. That evening 50 years ago, at the conclusion of three days of crisis meetings, President Richard M. Nixon announced that the United States was preemptively closing the “gold window”, the financial facility through which the country made gold available to foreign governments and central banks at $35 an ounce. To contemporaries and historians alike, Nixon’s announcement marked the end, or at least the beginning of the end, of the Bretton Woods international monetary and financial system. And that meant it marked the end, or at least the beginning of the end, of American economic and monetary hegemony. The postwar per ....

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