Saudi Arabia Just Killed Our US Petrodollar

  • Thread starter Thread starter YabbaDabbaDoo
  • Start date Start date
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The US dollar became a fiat currency when Nixon took us off the gold standard in 1971.

This left the dollar tied to absolutely nothing tangible.
 
The US dollar became a fiat currency when Nixon took us off the gold standard in 1971.

This left the dollar tied to absolutely nothing tangible.
Do you actually know why he took us off the gold standard?
 
So clearly you don't. You have no idea about economies and gold & silver. Now it's MY turn to tell you that you're "ignorant". See how that works troll.
 
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