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originally posted by: CarlsBad
a reply to: Krazysh0t
Lol removed by Nixon, you don't understand that FDR created the tender currency.
You're too dumb to talk about this with until you yourself read history.
FDR reinstated Monopoly Money after years of success without it and a clear plot to move towards it by central banks. Gold is an after thought if you can print ileagal money.
I like how you provided no source of this basic information
June 5th during FDR Presidency:
Senate and House by Joint Resolution abrogate the gold clause in private and public contracts, and back paper currency as legal tender.
So in other words, no # you, you're wrong. The new deal wouldn't have even remotely been affordable without fake money, how do you explain this? You can't, because you're wrong.
For foreign exchange purposes, the set $20.67 per ounce value of the dollar was lifted, allowing the dollar to float freely in foreign exchange markets with no set value in gold. This was terminated after one year. Roosevelt attempted first to restabilize falling prices with the Agricultural Adjustment Act; however, this did not prove popular, so instead the next politically popular option was to devalue the dollar on foreign exchange markets. Under the Gold Reserve Act the value of gold was fixed at $35 per ounce, making the dollar more attractive for foreign buyers (and making foreign currencies more expensive for those holding dollars). This change led to more conversion of gold into dollars, allowing the U.S. to effectively corner the world gold market.[14][15]
The suspension of the gold standard was considered temporary by many in markets and in the government at the time, but restoring the standard was considered a low priority to dealing with other issues.[11][14]
For foreign exchange purposes, the set $20.67 per ounce value of the dollar was lifted, allowing the dollar to float freely in foreign exchange markets with no set value in gold. This was terminated after one year. Roosevelt attempted first to restabilize falling prices with the Agricultural Adjustment Act; however, this did not prove popular, so instead the next politically popular option was to devalue the dollar on foreign exchange markets. Under the Gold Reserve Act the value of gold was fixed at $35 per ounce, making the dollar more attractive for foreign buyers (and making foreign currencies more expensive for those holding dollars). This change led to more conversion of gold into dollars, allowing the U.S. to effectively corner the world gold market.[14][15]
The suspension of the gold standard was considered temporary by many in markets and in the government at the time, but restoring the standard was considered a low priority to dealing with other issues.[11][14]
originally posted by: IgnoranceIsntBlisss
originally posted by: LesMisanthrope
Progressives in th US were very much into eugenics and scientific racism, just like the Nazis.
Its where the nazis got it from, if anything.
Bush was a founding member and one of seven directors (including W. Averell Harriman) of the Union Banking Corporation (holding a single share out of 4,000 as a director), an investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen.[6][7] In July 1942, the bank was suspected of holding gold on behalf of Nazi leaders.[8] A subsequent government investigation disproved those allegations but confirmed the Thyssens' control, and in October 1942 the United States seized the bank under the Trading with the Enemy Act and held the assets for the duration of World War II.[6] Journalist Duncan Campbell pointed out documents showing that Prescott Bush was a director and shareholder of a number of companies involved with Thyssen.[6]
en.wikipedia.org...
Yet in present day America, to many people do not even know the difference between Communism and Fascism.
I think it is due to forty years of indoctrination by the industrialists who own the media.
originally posted by: dragonridr
originally posted by: Krazysh0t
a reply to: xuenchen
Why do conservatives think they are on to something whenever they bring up Democrats being racist in the past? Just because it happened in the past doesn't mean that is how things are today. Why do you guys always skip over the part of history where the racist Democrats switched sides to the Republicans? Oh wait, because that conflicts with your ridiculous premise that early 1900's Democrats have the same beliefs as 2017 Democrats.
Because they didnt switch you believe a lie. Infact the south voting republican removed many of the racist democrats.
POST REMOVED BY STAFF
The fathers were against central banks but tender currency is almost a joke to think they would be okay with that. Clearly you knew nothing about them.
originally posted by: CarlsBad
a reply to: Krazysh0t
So Nixon was the first to remove the gold standard then?
You would think the first time matters for something that should have never been done.
originally posted by: Gryphon66
a reply to: MotherMayEye
How sad. A purely partisan rant that is intentionally dishonest.
Tell us, MME, how is it that so many Black Americans SPECIFICALLY are somehow fooled by these eeeevil Democrats in your screed?
originally posted by: CarlsBad
a reply to: Krazysh0t
I'm on a phone, I edited it in under 20 seconds get the he'll over yourself, Nixon was a child while this was going on, and your goal posts have fallen. In no remote way possible is it his fault more than FDR, the person to do it first.
1862-1879 – FLOATING fiat currency 7 years
The first use of fiat money (called Greenbacks) in the United States was in 1862, it was used as a tool to pay for the enormous cost of the Civil War. Greenbacks were a debt of the U.S. government, redeemable in gold at a future unspecified date. They were circulated along with Gold certificates, backed by the government’s promise to pay in gold.