The US promised the world the dollar was backed by gold and then unilaterally broke that commitment under Nixon in 1971 for political expediency, establishing a precedent that the US will abandon major financial commitments when convenient.
factualpending
Speaker
Unidentified Speaker — Trade War Goes Nuclear: Trillions Printed, No End in Sight … [b27yUIw7Rwo]Evidence Quote
“the US promised the world that the dollar was as good as gold, we'd be backed by gold and they just tore that up and threw it out the window for I think political expediency [0:30]”
Created: 8/11/2026, 4:53:39 AM
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