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To: C210N

Problem is, the US has always struggled
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We had little to no inflation prior to Nixon taking the US off the Gold backing of our paper currency….printing trillions of paper currency since then was/ is the death of all monetary systems…..as we are witnessing.


7 posted on 07/16/2025 6:31:08 AM PDT by delta7
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To: delta7
We had little to no inflation prior to Nixon taking the US off the Gold backing of our paper currency…

Plenty of inflation to go around prior to Nixon. For instance, greenbacks of Civil War days. The US has had this tug and pull with bankers and their politicians plugging for central banking and inflating the money supply, going back to Jefferson and Hamilton days. Over the 250 years, we've had minor moves towards sound money, but others typically won out. Before Nixon was the FED creation, Jekyll Island, Bretton Woods, the Gold Standard years, the Gold Exchange Standard years. Murray Rothbard of the Mises institute is a great source of info, especially given so much crap that spouts from MSM, TV, movies these days.


14 posted on 07/16/2025 6:46:50 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: delta7

All Nixon did was take the existing system where gold was already closed to Americans (thanks to FDR and others), and closed it to foreign central banks as well.

Fact is, there is STILL a financial system tie to gold, in that as gold *seems* to go up, it really is just an indicator that gold, steady all along, is showing the dollar go down. WHEN the system dies, we return to PMs as a matter of course.


15 posted on 07/16/2025 6:50:02 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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