by David Russell
GoldCore
In August 1971, President Richard Nixon appeared on television, flanked by American flags, and calmly told the world he was “temporarily” closing the gold window. It sounded procedural, almost dull. A housekeeping matter. Behind the scenes, Treasury Secretary John Connally, who famously quipped “the dollar is our currency, but your problem”, knew it was anything but. That single decision severed the dollar from gold, and with it, unmoored the global financial system. The consequences would echo for decades.
Today, history may be rhyming again. Only this time, it’s not happening quietly behind closed doors. It’s happening in the Rose Garden, on social media, at rallies disguised as economic briefings, and the dollar, once the unshakable pillar of global finance, is being gambled away like chips at a casino.