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Message Subject Russia refused to pay in dollars $
Poster Handle Pilgrim001
Post Content
Stupid fucking Richard Nixon

got rid of gold standard like a fucking IDIOT and then made friends with china the biggest fucking fail job in the history of the entire world
 Quoting: Leftfoot


Nixon sold all of our gold at $32 per oz. He ran out of gold to sell and had to close the window.
That was when we stopped redeeming dollars for gold and went to Fiat money.
 
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