#nixonshock — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #nixonshock, aggregated by home.social.
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#YanisVaroufakis: "Many refer to this world — the one in which #GenX grew up — as the #neoliberal era, others associate it with #globalisation, some identify it with #financialisation. It’s all the same thing — the world the #NixonShock begat and which the 2008 financial crash shook to its foundations. After the 2009 bailouts, although US hegemony continued unabated, it lost much of its dynamism. Today, the Nixon Shock has run out of steam — at least from the perspective of the Trumpists who want to give #UShegemony a second (or is it a third?) wind. This is the whole point of the #TrumpShock and its masterplan, including tactical moves such as enlisting #crypto to their cause."
https://unherd.com/2025/04/will-liberation-day-transform-the-world/
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#YanisVaroufakis: "Many refer to this world — the one in which #GenX grew up — as the #neoliberal era, others associate it with #globalisation, some identify it with #financialisation. It’s all the same thing — the world the #NixonShock begat and which the 2008 financial crash shook to its foundations. After the 2009 bailouts, although US hegemony continued unabated, it lost much of its dynamism. Today, the Nixon Shock has run out of steam — at least from the perspective of the Trumpists who want to give #UShegemony a second (or is it a third?) wind. This is the whole point of the #TrumpShock and its masterplan, including tactical moves such as enlisting #crypto to their cause."
https://unherd.com/2025/04/will-liberation-day-transform-the-world/
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After the #Nixonshock and the decoupling of the dollar from gold, #USA economy became a paper tower based on an overvalued dollar, trade deficits, excessive consumption by #US society, artificially low interest rates and rampant printing of green papers of no real value.
The collapse was INEVITABLE.The recent tariffs only accelerate the process and that is the best thing for the whole world.
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WTF happened 53 years ago today — Why the Nixon shock is still affecting us all - In his 1971 speech ending the gold standard, Richard Nixon promised to s... - https://cointelegraph.com/news/nixon-shock-gold-standard-inflation #wtfhappenedin1971 #goldstandard #nixonshock #bitcoin
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WTF happened 53 years ago today — Why the Nixon shock is still affecting us all - In his 1971 speech ending the gold standard, Richard Nixon promised to s... - https://cointelegraph.com/news/nixon-shock-gold-standard-inflation #wtfhappenedin1971 #goldstandard #nixonshock #bitcoin
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Rise and fall of #US-led neocolonial financial order: From #BrettonWoods to #BRICS
The rise and fall of US-led neocolonial financial order, from the 1944 Bretton Woods conference that established the #USDollar as the global reserve currency; to the 1971 #NixonShock that ended the gold standard, Volcker Shock, Third World debt crisis, and emergence of neoliberalism; and finally to the historic growth of China and consolidation of the Global South-led BRICS bloc.