Tag: Richard Nixon
During the Watergate investigation, beginning in 1972, Democrats succeeded in doing something seemingly impossible: They overturned one of the most decisive electoral mandates in U.S. presidential history.
Ironically, it was Stalin who was responsible for the economic reconstruction of Europe and the Bretton Woods system’s birth, Mauricio Metri writes.
This month marks fifty years since President Richard Nixon closed the “gold window” that had allowed foreign governments to exchange US dollars for gold. Nixon’s action severed the last link between the dollar and gold, transforming the dollar into pure fiat currency.
Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold?