Posted on 03/05/2007 8:24:25 AM PST by AuntB
Thanks for pointing out this thread, AuntB. Excellent!
Bookmarking.
Thank you or yet another commendable thread, AuntB.
B4DH! :)
RR, sounds like what we need is another depression, where housing and farm prices drop, and the bankers can pick them all up for nothing, enriching their already gold lined pockets. Get into a major war, to further line those pockets. Last time it worked. In the ‘40’s and 50’s houses that now bring $500-700 hundred thousand sold for $4-10,000! There were good times after WWII. Then taxes began to spiral.
Why do I think they’re trying to do it all over again issuing cockamamie loans to unqualified buyers?
One good thing RP suggests is to go back on the gold standard. But look what happened to JFK when he was considering that move!
Nobody uses the gold standard any more. We’ve had a more stabilized and faster growing economy without one.
But that doesn’t matter...gold is pretty and shiny.
Why would that be good?
But look what happened to JFK when he was considering that move!
We were on the gold standard while JFK was president. LOL!
I think we went off the gold standard many years before JFK’s administration.
Nixon took us off the gold standard.
Between 1946 and 1971 countries operated under the Bretton Woods system. Under this further modification of the gold standard, most countries settled their international balances in U.S. dollars, but the U.S. government promised to redeem other central banks' holdings of dollars for gold at a fixed rate of $35 per ounce. However, persistent U.S. balance-of-payments deficits steadily reduced U.S. gold reserves, reducing confidence in the ability of the United States to redeem its currency in gold. Finally, on August 15, 1971, President Nixon announced that the United States would no longer redeem currency for gold. This was the final step in abandoning the gold standard.
What you say about the gold standard is only part of the story, Toddler. Re: your source, 1880-1914 was the classic gold standard period. During WWI it broke down.
In 1933, FDR nationalized all gold owned by private citizens. Amazing that he was permitted to do that!
Then we operated under a modified version of the gold standard from ‘47.
Before his assassination, JFK had intentions of fully restoring us to the gold standard.
Then Nixon gave it the final axe because the US was low in gold supply. Very sad. We should have pulled in our belts, and done everything we could to maintain the gold standard, for today our money is actually worth absolutely nothing by itself.
But nothing has been done without the deliberate intention of the Establishment. Even today, our economy is being manipulated to the advantage of the world bankers. If we had remained on the gold standard, this chance would have been far less possible, if not completely impossible.
I've never heard that before. Do you have a source?
No. Only memory.
Let’s see. The World Bankers?
All the bankers in the world? Why?
Now why do you suppose, Toddler?
LOL!
I believe that the Franklin Roosevelt administrations were the greatest domestic disaster that we have suffered. President Roosevelt's contempt for the Constitution was manifest in his behavior, particularly evinced I feel in his executive orders, such as the ones implementing his seizure of privately owned gold.
Yes, I remember the day he passed away. I saw no tears that day. He was another CFR member.
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