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RE: August 15, 1971: A Date Which Will Live in Monetary Infamy.

in #money7 years ago

When you see the video of the official announcement by Nixon, he says "temporary". Years later, I still laugh at this. Money hasn't been based in reality for a long time.

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Yes the income tax here in the UK was also supposed to be a temporary tax to pay for the Napoleonic Wars. 200 years later it is still around!