After France needed all of its debts redeemed in gold, President Nixon was pressured to close the gold window to the world again in 1971. Effectively stopping any additional gold redemptions on American debt from abroad and ending the Bretton Woods Agreement. Ever for the reason that gold window was closed by President Nixon in 1971 governments have more and more relied upon deficit spending and avoided any real makes an attempt to pay it back. Maybe many see the writing on the wall and that is...