Before crypto, before inflation, before fiat — there was gold. And in 1971, the world called America’s bluff.
This film uncovers the true story of the Nixon Shock — when France sent a battleship to New York to collect its gold, Britain demanded $3 billion more, and the United States faced the impossible choice: deliver the gold or destroy the system.
Nixon chose survival. And in doing so, he ended the gold standard — and reshaped global finance forever.
The night America almost lost its gold became the night the world lost honest money.
Key Facts & Insights
• The Bretton Woods system (1944–1971) pegged the dollar to gold at $35 per ounce. • By 1971, foreign claims exceeded America’s actual gold reserves. • France’s battleship “De Gaulle” retrieved nearly $191 million in gold. • Britain’s request for $3 billion forced Nixon’s decision. • On August 15, 1971, the U.S. ended gold convertibility — the start of the fiat era. • Every debt crisis and inflation wave since traces back to that night.
Taketwiss
Before crypto, before inflation, before fiat — there was gold.
And in 1971, the world called America’s bluff.
This film uncovers the true story of the Nixon Shock — when France sent a battleship to New York to collect its gold,
Britain demanded $3 billion more,
and the United States faced the impossible choice: deliver the gold or destroy the system.
Nixon chose survival.
And in doing so, he ended the gold standard — and reshaped global finance forever.
The night America almost lost its gold became the night the world lost honest money.
Key Facts & Insights
• The Bretton Woods system (1944–1971) pegged the dollar to gold at $35 per ounce.
• By 1971, foreign claims exceeded America’s actual gold reserves.
• France’s battleship “De Gaulle” retrieved nearly $191 million in gold.
• Britain’s request for $3 billion forced Nixon’s decision.
• On August 15, 1971, the U.S. ended gold convertibility — the start of the fiat era.
• Every debt crisis and inflation wave since traces back to that night.
#FinancialHistory #FinanceExplained #GoldStandard #NixonShock #EconomicHistory #MoneyAndPower #BrettonWoods #FinancialEducation #Taketwiss
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