Nixon's Gold Shock
As the Eurodollar market surges, concerns mount over its role in destabilizing the dollar and the global economy. With memories of the Great Depression looming large, Nixon takes decisive action in 1971, announcing the suspension of the dollar's convertibility into gold. This pivotal moment, known as the Nixon shock, marks a dramatic shift in monetary policy, aiming to protect the dollar from rampant speculation.In this clip
From this podcast
Odd Lots
The Hidden History of Eurodollars, Part 3: Spinning Out of Control
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