Listen to what Charles de Gaulle had to say about the monetary - TopicsExpress



          

Listen to what Charles de Gaulle had to say about the monetary system.. He sent the French navy a cross the Atlantic to pick up the French reserve of gold and was followed by several countries. Resulted in considerably reducing US gold stock and U.S. economic influence, which led Nixon to end unilaterally the convertibility of the dollar to gold on August 15 1971. This was meant to be temporary measure but the dollar became permanently a floating fiat money. October 1976 marks the day the U.S. government officially changed the definition of the dollar; references to gold were removed from statutes.. youtu.be/Q9r1NLMFixo
Posted on: Mon, 19 Jan 2015 07:24:26 +0000

Trending Topics




© 2015