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[–] Brodude101 0 points 62 points (+62|-0) ago  (edited ago)

1971 August 15th - "President Richard Nixon announces that the United States will no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system."

[–] Gumbatron 0 points 30 points (+30|-0) ago 

What happened in 1913 is more important by far. The events of 1913 lead to what happened in 1971.

Everyone should read "The creature from Jekyll Island"

[–] Quasarback 0 points 3 points (+3|-0) ago 

The Federal Reserve, established in 1913, controls the world economy with its petrodollar system by 1971.

[–] VAT 2 points 9 points (+11|-2) ago  (edited ago)

He had to, Ft Knox was rapidly being emptied by foreigners (only non usa citizens and non USA banks could request gold).

France collected us dollars from all nations they could locate and then submitted paper dollars to USA for GOLD at merely 35 dollars an ounce

35 dollars a fucking ounce in 1971!!!

The real value was far higher and France was fucking over USA hard, so Nixon put an end to it. No one could convert, not just non usa banks, not even france.

The real value in January 14, 1980 was over 800 dollars an ounce, from money printing since the 1930s.

[–] romanstock 0 points 15 points (+15|-0) ago 

france aka rothschild manor. even Macron worked for them - openly!