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by jmyeet
573 days ago
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So it's not quite the same thing but the US government has historically performed a sovereign devaluation of its currency. I am of course talking about FDR (Executive Order 6102). This made it illegal to own gold. You had to hand it in and get paid at ~$20/oz. After doing this, the US dollar (nominally on the gold standard at the time) was revised to ~$35/oz. |
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