Posted on 10/24/2023 8:25:10 AM PDT by ChicagoConservative27
When Richard Nixon entered the White House in January 1969, he inherited a war in Southeast Asia, multiple foreign crises, and domestic political turmoil in the form of race riots and antiwar protests. China was in the midst of the brutal and disastrous Cultural Revolution. Soviet Russia had recently invaded and crushed a rebellion in Czechoslovakia. China and Russia were supplying our enemies in Indochina. In the Middle East, another war was brewing that would breakout in Nixon’s second term. Nixon dealt with these matters but never took his eye off the geopolitical prize — the political pluralism of the Eurasian landmass, without which America’s security would be imperiled.
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Yeah, that’s just what we need. Taking us off the gold standard, creating the EPA, creating OSHA, and then of course, the cherry on top., He created the monster we have today in China. What a swell guy.
We had Trump - and like Nixon, the CIA and Washington Post ran him out of office
Same thing now except our finances are a disaster
At that point the Arabs had decided that they liked Gold much better than (deflating) dollars, and so were cashing in greenbacks for gold as fast as they could.
Nixon closed to Gold window (ended convertability) because the Saudi's would have emptied Fr. Knox in a few more months.
What do you think should have been done differently?
You forgot the ever helpful double nickel national speed limit, to “save gas” which morphed into “increase safety” when the oil “crisis” turned out to be a fraud.
Hardly. Nixon used China at the height of the cold war to "triangulate" Russia. What he wanted to avoid was a Russia-China tight alliance.
But, in terms of what he really did it was all symbolic. "Ping Pong Diplomacy", Pandas to the D.C. Zoo.
It was Clinton who gave them WTO and zero-tarrif trade with the USA, and that's what made them an economic powerhouse. |
Mao was still in charge of China when Nixon made his diplomatic overture to them. Nixon was under no illusions about what type of fellow Mao was.
A lot of us didn’t like the 55 mile an hour speed limit either. Mass murderers everywhere, but don’t drive over 55.
I’ll take Trump for $1,000 Alex.
Nixon was a very smart man. He left Dallas the morning of JFK’s assassination. He played politics with the Vietnam War long enough to get reelected. Then, he declared peace and left American POW’s behind in ‘Nam. That is his record. Watergate, and Nixon’s loss of support in the Republican Party was about someone in the party hierarchy clearing a path for his own ascension to the presidency.
What he did was to start the ball rolling that lead to American industry relocating to China. As for the gold window it was quite sustainable. But our massive spending was devaluing the dollar. The Arabs correctly saw that accepting paper dollars that were being inflated away was a losers game.
DC and Nixon were to blame, not the Arabs and others.
What should have been done differently? Not inflating the currency away to create an urgent incentive for everyone to rush to convert their increasingly worthless dollars into gold. That’s what should have been done.
Instead he completely went to a fiat currency, and made a satanic deal with the Saudis that we would defend them forever as long as they only accepted dollars for oil.
That tied us to that evil feudal monarchy and lead to us fighting in the middle east for 30+ years.
So yeah, Nixon gave us the China of today and all of the trouble THAT has caused. He gave us a starring role in the middle east wars, he gave us a swarm of federal agencies to harass Americans, and he gave us our modern inflated currency that is now hopelessly beyond reform.
Nixon was a strategist. Those are in short supply in government now.
The State Department is more John Kerry than Richard Nixon. Kerry and Nixon are like oil and water. Very different attitudes and policies.
He should have Impeached for going off the Gold Standard.
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