Tag: nixon

America’s Addiction to Debt

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Is the Federal Reserve the Devil? America’s historical addiction to debt, war, and it’s dependence on global spending.

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Nixon’s Devastating Legacy

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In 1971, President Nixon permanently dislodged the USD from the gold standard, ending nearly forty years of global monetary policy in which the USD was equal to a fixed price for gold. In its place, Nixon decided to introduce a floating currency exchange system called Fiat which remains in place today.

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