August 15, 1971 - The day President Nixon declared the dollar would no longer be backed by gold.
That decision triggered a ripple effect around the world that forever changed the Capitalist system, allowing governments to print as much money has they’d like and drowning nations with massive debt.
The effects of those policies are being felt today - causing huge market crashes, increasing the wealth gap and inflating the price of goods and services while wages remain relatively stagnant.
Facebook - https://www.facebook.com/RealStoriesChannel
Instagram - @realstoriesdocs
Twitter: https://twitter.com/realstoriesdocs
Content licensed from Sideways Film. Any queries, please contact us at: owned-enquiries@littledotstudios.com
Want to watch more full-length Documentaries?
Click here: http://bit.ly/1GOzpIu
August 15, 1971 – The day President Nixon declared the dollar would no longer be backed by gold.
That decision triggered a ripple effect around the world that forever changed the Capitalist system, allowing governments to print as much money has they’d like and drowning nations with massive debt.
The effects of those policies are being felt today – causing huge market crashes, increasing the wealth gap and inflating the price of goods and services while wages remain relatively stagnant.
