ilmscore | Prediction Details
"the United States dollar was taken off of the gold standard because in 1971 president Richard Nixon took the United States dollar off of the gold standard which meant the United States government had essentially infinite spending ability and the Federal Reserve Bank had the ability to essentially print infinite amounts of money"
By Minority Mindset | May 7, 2024 | Pending
From video
Thinking About Buying Gold? Watch This To Not Fall Into The "Trap" 00:05:14 - 00:05:45
Interpreted Prediction
The US dollar's removal from the gold standard in 1971 gave the government and Federal Reserve unlimited spending and money-printing capabilities, leading to potential inflation.

Prediction Details

Topic
Dollar Devaluation

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