To: Jack Black
Nixon ended the practice of exchanging dollars for gold for central banks. That's when we went to a pure fiat currency. 1973.OK - but I remember some kind of related swindle going on in the LBJ days. Gotta do some research.
13 posted on
08/13/2008 11:49:24 AM PDT by
Oatka
(A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: Oatka
The swindle in question was called “the London Gold Pool.” Google that.
14 posted on
08/13/2008 1:02:04 PM PDT by
Publius
(Another Republican for Obama -- NOT!!)
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