I wish Nixon hadn’t removed us from it.
Our nation would be much more healthy financially at this
moment.
Seems like Putin tried to call people’s bluff, and not many
are buying in.k
Europe told him to stuff his Rubles.
“The ruble was trading at roughly 85 to the U.S. dollar, roughly where it was before Russia started its invasion a month ago. The ruble had fallen as low as roughly 150 to the dollar on March 7, when news emerged that the Biden administration would ban U.S. imports of Russian oil and gas.”
Nixon bought more than five decades with the petrodollar.
Now it is time for the reckoning.
“There are decades when nothing happens; and there are weeks when decades happen.”
V. I. Lenin
If Nixon had not “closed the gold window” the dollar would have crashed with almost unfathomable consequences.
Some think that when Trump returns he may place us on the gold standard.