21 You Can of Course Live the American Dream, Provide That You Abandon Your Morals, or Have Won the Lottery (wtfhappenedin1971.com) History posted 1 year ago by Questionable 1 year ago by Questionable +22 / -1 WTF Happened In 1971? "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they ca... 10 comments share 10 comments share save hide report block hide replies
Nixon closed the gold window but the devaluation of the dollar against gold had been going on for years. That's just when France called the US's bluff.