Is There ANYTHING That Isn’t Getting Worse?
(youtu.be)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (40)
sorted by:
Right, I didn't even consider that was when we ended the gold standard. That completely slipped my mind, yeah that's far worse as we're beholden to Jews and their banks. It's not the baby boomers fault in that case, I was in the wrong for shitting on them there.
that's when the gold standard ended internationally. the gold standard had already been ended internally inside the USA for decades. foreign nations could still convert their gold to US dollars and vice versa. so there was still some relation from the US dollar to gold. France sent a naval armada to the USA to collect its gold when Nixon closed the gold window.
Fair enough, I was reading about it after the comment, I'm fairly ignorant about it I'll admit, so I shouldn't have commented on it. It does seem the way you said.
I don't know man, when I was reading about it and it looked exactly as you posited along with the US being forced to take on the burden of the European "powers" and being unable to back it up with gold anymore, so we abolished it to further strengthen the US dollar without having to rely on having gold to back our currency anymore.