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August 15, 1971: Inflation Unleashed

- Nick Barisheff - BMSINC

this is the best explanation of our situation i ever heard

Commented 4637 days ago

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Beginning of the headline :The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon “closed the gold window”. In essence, this meant the US would no longer honour the Bretton Woods Agreement of 1944, which... Read More

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