Replies to Msg. #1032014
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 Msg. #  Subject Posted by    Board    Date   
44743 Tricky Dick and the demoncraps
   Poor Nixon. He 'inherited a trifecta of budget busting programs....
Zimbler0   POPE IV   24 Feb 2018
1:36 AM
44720 Re: Russian Central Bank Buys Large 18.7 Tons Of Gold In January As Venezuela Launches "Petro Gold"
   [color=blue][b]Yeah, Charles De Gaulle was an ass-wipe. It would have...
Beldin   POPE IV   23 Feb 2018
8:53 PM
44716 Re: Russian Central Bank Buys Large 18.7 Tons Of Gold In January As Venezuela Launches �Pe
   Thanks DE!!!!
capt_nemo   POPE IV   23 Feb 2018
10:04 AM

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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
Fri, 23 Feb 18 9:54 AM
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