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Index/Topics/Nixon's End of Dollar-Gold Convertibility

Nixon's End of Dollar-Gold Convertibility

Nixon's 1971 decision to end dollar-gold convertibility, leading to floating rates

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Jan 15, 2026
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Could national currencies be redenominated or replaced during a global reset and how would that work?

A truly global, instantaneous redenomination or replacement of national currencies — the fantasy of a single “global reset” — is highly unlikely in practice because currencies rest on legal systems, c...

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