Richard Nixon – DIGIT INFO

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

DIGIT — Thu, 19 Jan 2023 15:30:17 +0000

After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]

Go to Source

Despite the Historical Blunders of Price Fixing, European Commission and G7 Pledge to Impose Price Controls

DIGIT — Wed, 07 Sep 2022 19:30:54 +0000

With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission […]

Go to Source

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

DIGIT — Sun, 15 Aug 2021 19:30:48 +0000

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency […]

Go to Source

From Gold to Greenbacks: A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing

DIGIT — Fri, 26 Feb 2021 17:30:38 +0000

228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created […]

Go to Source

American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System

DIGIT — Sat, 30 May 2020 16:15:05 +0000

The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. […]

The post American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System appeared first on Bitcoin News.

Go to Source

Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

DIGIT — Wed, 22 Apr 2020 17:25:53 +0000

During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]

The post Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars appeared first on Bitcoin News.

Go to Source