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Back when Ike and his VEEP, Mr. Nixon were first elected, I was a small child in gram,mar school; however, back then, we had to know ( on our level, of course ) current events. So even back then, I was VERY aware of what was going on, who stood for what, and I did follow it all VERY closely.

I don't know how old you are, nor what, if anything you were taught/learned about the 1950s, but you can NOT judge Nixon's "THE OPENING OF CHINA" trip by happened in more modern times! Fault the more recent presidents for allowing Chiba to get away with murder and where that led to today, that Trump is trying to undo.

In the late '60s-early '70s, peeling China off the Sino-Russo pally-wally co-conspirators against the USA, was brilliant move.

LOL...the old "fiat money" bit. I bet you're all in for BITCOIN and/or what is being now contemplated as a rival idiocy; though.

“LOL...the old “fiat money” bit.”

I suspect that Gamgee is thinking of Nixon’s abrogating the Bretton Woods Agreement and breaking the dollar’s last link with gold.

I think it was a very unwise decision on Nixon’s part but the pressure on the dollar had begun in the last years of Eisenhower’s presidency and it was due to using the dollar as the world’s reserve currency while running an activist foreign policy. It created something known as the Triffin Dilemma. The only way to have kept the dollar linked to gold would have been to cease using it as the reserve currency.

But didn’t Nixon make the sale based on it would turn China into an ally and modernize their democracy of did that come later?

A more minor issue is Nixon taking the USA off the gold standard which has lead to runaway inflation.

Didn’t he also try to enact price controls? He seems to be an interventionist at best, a socialist at worst?