pull down to refresh

71 was a move to protect the US gold reserves that were bleeding out,

Was it to protect gold reserves, or to be able to create money without the need for gold reserves?

None of their actions were for the benefit of us common people, but for the benefit of those who govern.

It was definitely to protect gold reserves, France literally showed up to NY with a battleship to collect gold.

The dollar was already the world reserve at that point, and supply needed to expand with the world economy, that's the Triffin Dilemma. Oil production could expand with the economy unlike gold, and oil is backed by guns of the guns vs. butter variety.

LBJ didn't help matters obviously, before Nixon. Nixon was a different animal, and probably saved the US financially on a relative basis (which is why he gets dragged to this day by the same people that tend to be wrong about everything and was politically assassinated by the CIA)

To say Nixon didn't help the common person is moronic MSM lapdog trope, you have no idea what the alternative would have looked like. There is no one government, only institutions that are battlefield for a number of factions.

reply
0 sats \ 3 replies \ @flat24 8h

From my perspective, France simply realized it was being scammed. They simply wanted real money, not paper issued and controlled by the Federal Reserve and the US government. (By third parties)

And as for whether they did it to help citizens, inflation is the answer. Look at what you could buy with $100 in 1970. Then look at what you can buy today with $100 in 2025.

Then check how many dollars you could get for an ounce of gold in 1970, and then see how many pieces of paper you need today in 2025 to get the same ounce.

reply

Gold was pegged at $35 when you say it was $100, so convertibility by offshore banks meant nothing to the people.

Nixon was outed by the globalist CIA deep state, not the citizenry. He was fighting the same people you blame.

reply
0 sats \ 1 reply \ @flat24 8h

And perhaps that price fixing clearly sums up the manipulation that existed over the price or value of real money.

Perhaps for you Nixon was a great figure, and I don't dispute your assessment of him.

From my perspective, he simply established one of the biggest frauds we have seen in the last 100 years: FIAT paper money.

reply

I recognize he slowed the bleeding of a fraud he inherited, and has been smeared unduly.

That's what's important to learn from, Jackson is another president that fought the international banks and was pilloried. Trump derangement is an extension of that, he's breaking the rules-based order for a math-based order as Nixon and Jackson did.

Again, there's no one government, just a battlefield.

reply