The Great UK House Price Illusion: What Nixon Started in 1971.

On the 55th anniversary of President Nixon closing the gold window, I look back at the decision that changed the global monetary system forever — and tell the remarkable story of my own encounter with Nixon at the St. Regis Hotel in New York when I was just five years old.

I also examine The Great UK House Price Illusion. Have British homes really become dramatically more valuable, or has the pound simply become dramatically less valuable? By comparing UK house prices with money supply growth and measuring the average British home in ounces of gold, a very different picture emerges.

Since 1971, the numbers may have gone up — but has our real wealth?

#Gold #Nixon #GoldStandard #UKHousePrices #HousingMarket #Inflation #MoneyPrinting #FiatCurrency #SoundMoney #MonetaryInflation #BritishPound #Sterling #BrettonWoods #Economics #maneco64

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This video is for informational purposes only and should not be considered financial advice.

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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Video Chapters:

00:00 Introduction
01:41:00 How President Nixon's decision to close the gold window affected U.K. house prices
14:19:00 My brief encounter with president Nixon in 1970