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

📅 In 1971, U.S. President Richard Nixon made a historic decision:

❌ The dollar was detached from gold.

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

💣 What happened next?

• 🏦 Governments began printing money without restrictions.

• 📉 Currencies gradually lost their purchasing power.

• 🔥 Inflation spread around the world.

• 🪙 The price of gold rose from $35 to over $3300 today!

⚠️ What was the result?

"Prices did not rise... but the value of money fell."

The U.S. dollar lost approximately 98.95% of its value against gold!

💬 What is the name of this historical moment?

"Nixon Shock" - The beginning of the paper money era and the end of the gold standard.