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To: Cogito Ergo Sum who wrote (92392)7/11/2012 9:56:21 AM
From: elmatador  Respond to of 219821
 
"all went to crap from 69 on." Two years later Nixon Shock.

The Nixon Shock was a series of economic measures taken by U.S. President Richard Nixon in 1971 including unilaterally cancelling the direct convertibility of the United States dollar to gold that essentially ended the existing Bretton Woods system of international financial exchange.

Source: Wiki