Of course, by defend the dollar he meant let it drastically depreciate against the German Mark. The speech was in August of 1971. Here's a picture:
Tuesday, February 22, 2011
Classic moments in politics
In this video, Nixon takes action to "defend the American dollar" by closing the gold window and ending the Bretton Woods era. It is a masterpiece of doublespeak and obsfucation.
Of course, by defend the dollar he meant let it drastically depreciate against the German Mark. The speech was in August of 1971. Here's a picture:
Of course, by defend the dollar he meant let it drastically depreciate against the German Mark. The speech was in August of 1971. Here's a picture:
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