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revalued at US$35,=meaning the dollar was devalued by 43% overnight and all foreign and domest=c holders of dollars were effectively robbed. After Nixon closed the gold window completely in 1971, it took=$67 to buy an ounce of gold, devaluing the US dollar by 50% again. Today, i= takes well over a=t
the [other currency] becomes an a=ternative to the dollar, rules of the game begin to change." <=iv id="m_3401126505610855714AppleMailSignature"> Leong Sing Chiong, Assistant Managing D=rector at a major central bank, said this dollar alternative "is li=ely to transform the financial landscape in the next 5-10
some other valuable commodity, a fiat cur=ency is backed by nothing more than faith in the government. The US dollar=has been a fiat currency since Nixon closed the gold window in 1971 in =hat was the greatest heist in American history. The scary fact is, the ave=age life span of a fiat currency is 4
g in George W. Bush's Treasury department, Q=9COnce the [other currency] becomes an alternative to the dollar, rules of=the game begin to change." Leong Sing Chiong, Assistant=Managing Director at a major central bank, said this dollar alternative =E2nis likely to transform the financial landscape in the next 5-
rev=lued at US$35, meaning the dollar was devalued by 43% overnight and all for=ign and domestic holders of dollars were effectively robbed. After Nixon closed the gold window completely in=1971, it took $67 to buy an ounce of gold, devaluing the US dollar by 50% a=ain. Today, it takes well over a t
ving in=George W. Bush's Treasury department, "Once the [other curr=ncyj becomes an alternative to the dollar, rules of the game begin to chang=." Leong Sing Chiong, As=istant Managing Director at a major central bank, said this dollar alternat=ve "is likely to transform the financial landscape in the next 5-10=
some other valuable commodity, a fiat currency is backed=by nothing more than faith in the government. The US dollar has been a fia= currency since Nixon closed the gold window in 1971 in what was the greatest heist in Ameri=an history. The scary fact is, the average life span of a fiat currency is=4
g in George W. Bush's Treasury department, 4)=9COnce the [other currency] becomes an alternative to the dollar, rules of=the game begin to change." Leong Sing Chiong, Assistant Managing Director at a major central bank= said this dollar alternative "is likely to transform the financia= landscape in the next 5-10
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