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🧨 The Nixon Shock | The Decision That Changed the Face of the Global Economy

📅 In 1971, US President Richard Nixon announced a historic decision:

❌ The dollar was decoupled from gold.

That is, the dollar was no longer backed by gold, and the government could print money without restrictions!

💣 What happened next?

• 🏦 Governments began printing money without limits.

• 📉 Currencies gradually lost their purchasing power.

• 🔥 Inflation spread throughout the world.

• 🪙 The price of gold rose from $35 to more than $3,300 today!

⚠️ What was the result?

“Prices didn’t rise… it was the value of money that fell.”

The US dollar lost approximately 98.95% of its value against gold!

💬 What was the name of this historic moment?

“The Nixon Shock” — the beginning of the era of paper money and the end of the gold standard.