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The following video is a short clip from a presentation given by Canadian billionaire Ned Goodman concerning the end of the dollar as the world’s reserve currency. When Nixon closed the gold window in 1971, severing the dollar’s final remaining link to gold, he did not destroy the currency’s international standing. In an ironic twist,
Larry Summers shocked — and gratified — the investment community when he asked not to be considered as the next chairman of the Federal Reserve. Stock indexes around the world rose on the news, with the belief that money will continue to flow freely around the world. Gold and silver prices did not respond immediately.
