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To: Worldtraveler once upon a time
FDR issued Executive Order 6102 at a time when the dollar was backed by Gold.
People could go to a bank and trade in their dollars for gold. When FDR's government got reckless with spending, many citizens decided that they would rather have the gold. FDR didn't like that, and insisted that they turn the gold back in for dollars.
Some did, some didn't.

The dollar is no longer backed by gold.

The final connection to gold was ended by Nixon when France thought America was spending too much money on the Vietnam War. Up to that time, nations still could exchange dollars for gold, and France decided to do just that.

Since then, we have been in the petrodollar world. The dollar was tied to oil instead.

There is no basis for a gold confiscation today. You could argue that silver is more critical to infrastructure.


6 posted on 01/12/2026 11:58:45 AM PST by chud
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To: chud
--- "There is no basis for a gold confiscation today. You could argue that silver is more critical to infrastructure."

Gold contacts in many devices, still. "...bullion and even dental crowns. But did you know that gold also plays an important role in electronics? Electronics accounted for about 7% of the gold used in the U.S. in 2024, according to the USGS Mineral Commodity Summaries for 2025. "

I would argue that silver is in some ways even more critical, according to many sources as well as simple assertions.

7 posted on 01/12/2026 12:02:42 PM PST by Worldtraveler once upon a time (Degrow government)
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To: chud

Only thing backing the dollar is power of government to tax.


20 posted on 01/12/2026 12:46:45 PM PST by Bobbyvotes (Work is worship! .... Bhagavad Geeta)
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To: chud

“Since then, we have been in the petrodollar world. The dollar was tied to oil instead.”

All the handiwork of Klaus Schwabs WEF mentor Henry Kissinger, who setup the world system to be later morphed into their NWO anti-Christ beast system.

The USA has proven to be stronger and more resilient to their globalist schemes than expected. About to outlast both of their evil carcasses.


25 posted on 01/12/2026 1:19:40 PM PST by captmar-vell
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To: chud

“There is no basis for a gold confiscation today.”

The only basis necessary is for our rulers to make it so.


30 posted on 01/12/2026 1:43:06 PM PST by A strike (ICE ICE Baby)
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To: chud

“Since then, we have been in the petrodollar world. The dollar was tied to oil instead. “

that is why we are currently trying to acquire Venezuela


44 posted on 01/12/2026 3:56:25 PM PST by algore
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