Скачать или смотреть US Debt Crisis — Nixon’s Shock: The Day the Dollar Lost Its Soul | Money History

US Debt Crisis did not begin with a pandemic, a banking collapse, or a political scandal. It began on the night the dollar lost its soul. On August 15, 1971, the United States ended the promise that had defined modern money. Before that Sunday evening, thirty-five dollars was a legal claim on one ounce of gold. After President Richard Nixon’s announcement, the dollar became a paper instrument backed only by political credibility. What was framed as a temporary measure became a permanent rupture in monetary history.

US Debt Crisis is the long shadow cast by that decision. The Bretton Woods system had imposed discipline by anchoring global currencies to the dollar and the dollar to gold. That discipline made large-scale debt politically painful and mathematically constrained. Once the gold window was closed, those constraints vanished. Governments could fund wars, social programs, and deficits without immediately confronting the cost. Debt stopped being an emergency measure and became a permanent feature of policy.

US Debt Crisis accelerated as the fiat era matured. Without a physical anchor, money creation favored asset markets over wages, rewarding those closest to credit while quietly eroding purchasing power for everyone else. Inflation was no longer an accident of supply shocks; it became a structural outcome of a system designed to defer consequences into the future. The national debt curve tells the story clearly: flat for decades, then vertical after 1971.

US Debt Crisis also explains why the 1970s felt like a betrayal to ordinary Americans. Stagflation, rising living costs, and collapsing trust were not policy mistakes—they were symptoms of a currency that had been detached from restraint. Wage and price controls attempted to suppress reality, but they only exposed how fragile confidence had become once money lost its anchor.

US Debt Crisis is not simply a history lesson. It is the origin story of the modern debt-based economy and the reason today’s financial system depends on constant expansion to survive. When the dollar lost its soul in 1971, it gained flexibility—but sacrificed honesty. The consequences did not arrive all at once. They accumulated quietly, decade by decade, until debt itself became the system’s only fuel.

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00:00 - Money History
01:15 - Great Depression
03:02 - Economic collapse
05:21 - US Debt Crisis
07:40 - money history documentary,
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Disclaimer: This video is for educational and entertainment purposes only and does not constitute financial advice. Always do your own research.

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