Abandoning the gold standard
In this clip of the "Principles for the Changing World Order", Ray Dalio details his experience of the United States - and by virtue the world - abandoning the gold standard
| Creator | Time | URL |
|---|---|---|
Ray Dalio | 5min |
Takeaway As of 1971, the world had officially broken the gold standard, with all fiat currencies no longer backed by a scarce commodity.
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