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Re: Russian Central Bank Buys Large 18.7 Tons Of Gold In January As Venezuela Launches â��Petro Goldâ& 

By: Decomposed in POPE IV | Recommend this post (2)
Fri, 23 Feb 18 9:54 AM | 58 view(s)
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Msg. 44714 of 47202
(This msg. is a reply to 44707 by capt_nemo)

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Nemo:

Re: “That would be Tricky Dick Nixon,,,,Right??”

It was a combination of Woodrow Wilson, FDR and Richard Nixon. I assign most of the blame to Wilson. He's the one who set the stage for what FDR later did. When Nixon took office, the United States had already printed dollars far beyond what it could back. France knew this and was actively cashing in dollars for underpriced U.S. gold. Nixon, realizing that we would soon run out of gold if France persisted, did the only thing he could given the untenable situation he'd inherited.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Russian Central Bank Buys Large 18.7 Tons Of Gold In January As Venezuela Launches â��Petro Goldâ�ï¿&
By: capt_nemo
in POPE IV
Fri, 23 Feb 18 9:06 AM
Msg. 44707 of 47202

That would be Tricky Dick Nixon,,,,Right??


I guess so............

Since Nixon killed the gold standard, the unemployment rate has averaged over 6% and we have suffered the three worst recessions since the end of World War II. The unemployment rate averaged 8.5% in 1975, almost 10% in 1982, and has been above 8.8% for more than two years, with little evidence of any improvement ahead.
Nixon's Colossal Monetary Error: The Verdict 40 Years Later


http://www.forbes.com/sites/charleskadlec/2011/08/15/nixons-colossal-monetary-error-the-verdict-40-years-later/#188a602869f7


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