What is Fiat Money, Bretton Woods agreement & Nixon Shock? |
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In this class, you will learn how the Bretton woods agreement formed and collapsed, and also you will learn what the fiat money is, and what is the floating money system or government-back monetary system which was created after the Nixon shock.
As an investor or trader it’s very important to know we are all dealing with fiat or government back money system, from 1971 up to date, all the money which are printing by countries they are fiat or government-backed money, and none of them backed by gold or any other commodities or goods. We recommend you for a better understanding of this lesson, first watch Class 02 which is about the Gold Standard/Gold Backed Monetary System by clicking on the link below. __________ Class 02: What is the Gold Standard/Gold Backed Monetary System, How it developed and collapsed? https://youtu.be/rHEc4fpDfc8 |