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From: Free Thinking Doggie
55 years ago today.. 55 years ago today, the dollar’s link to gold was cut. Nixon called it a “temporary” suspension. It never came back. Gold was around $35 an ounce in 1971. Today, it’s above $4,300. The temporary solution became the foundation of the modern monetary system. https://x.com/MartiniGuyYT/status/2088984549074317445?s=20

Current Thread	Author	Time
55 years ago today.....[more]	Free Thinking Doggie	15:55:29
>> 50 years ago next month was the IMF bailout for Callaghan's Labour govt....[more]	JonH🍕	16:43:46
>> I remember the day Wilson resigned.	Free Thinking Doggie	18:55:29
>> Yesterday actually......[more]	Free Thinking Doggie	15:59:05

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