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

By: capt_nemo in POPE IV | Recommend this post (1)
Fri, 23 Feb 18 10:04 AM | 31 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 44716 of 47202
(This msg. is a reply to 44714 by Decomposed)
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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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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&
By: Decomposed in POPE IV
Fri, 23 Feb 18 9:54 AM 		Msg. 44714 of 47202

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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