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Happy 50th Anniversary of Nixon removing us from the Gold Standard.......
NASDAQ ^ | 8/13/21 | NASDAQ

Posted on 08/14/2021 3:01:42 PM PDT by srmanuel

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To: Sequoyah101

A couple of articles I read today.;

https://lawliberty.org/fifty-years-without-gold/

https://lawliberty.org/the-bottom-up-gold-standard/


21 posted on 08/14/2021 6:54:58 PM PDT by taterjay
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To: taterjay

Thanks and interesting.

It was also the Nixsonian era that gave us baseline budgeting in via the Congressional Budget Act of 1974.

https://en.wikipedia.org/wiki/Baseline_(budgeting)

This has built into the budget provision to double the national budget about every 8 to 10 years automatically. Until this time there was no “spend it or lose it” in giverment agencies.

We have been governed by fools and crooks for a long time.


22 posted on 08/14/2021 7:53:19 PM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: Freedom4US
Notice we never hear “The yard lost several inches against the meter in heavy measuring yesterday”. Inches, pounds, miles, kilograms, everything has precise definitions. Except money. Weird, huh?

Indeed. That's why gold is considered a storage of wealth. The government can't tell you that the one ounce gold coin in your hand now only weighs one-half ounce.

23 posted on 08/15/2021 4:42:29 AM PDT by Oatka
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