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Thus the fiat currency was born.
In 1933, FDR began fiddling with gold reserve requirements. He suspended the gold standard except for foreign exchange, revoked it as the universal legal tender for debts, and banned private ownership of significant amounts of gold coins. These were all partial measures that set the trend in motion for separating our currency from gold. The final move to turn the US dollar into a complete fiat currency was made by President Nixon in 1971 when he canceled the direct convertibility of the US dollar into gold.
originally posted by: CarlsBad
a reply to: Krazysh0t
...hes the first to try to move the nation to it.
More irrelevant details, yes there was tender currency before FDR, but it was looked as positive and was locally operated. We're talking about FORCIBLY moving the NATION off gold.
I knew from the beginning you were completely delusional and only interested in being wrong for the sake of argument, so you can have a nice day and reply yourself into oblivion now. I never even said one system is better, 80% of what you say is talking to yourself and strawman, then you cry over this very feature of arguement.
originally posted by: Gryphon66
a reply to: MotherMayEye
A cowardly response.
You stated that the Democrats have kept Black Americans oppressed with their policies. Black Americans are just as bright, just as educated and just as worldly as any demographic ... so please kindly explain how the the Democrats have managed to hoodwink Black Americans.
originally posted by: Gryphon66
a reply to: MotherMayEye
As I promised ... your post is partisan because you glorify one party and damn the other.
It is dishonest because you have made statements that I KNOW FROM OUR PAST CHATS you know are untrue, misleading, ridiculous and wrong.
originally posted by: Krazysh0t
a reply to: CarlsBad
But I thought you were done talking to me?
originally posted by: kaylaluv
a reply to: MotherMayEye
Which party has the legacy of more states rights, less federal government, and less taxes?
originally posted by: MotherMayEye
Currently, I would give it to Libertarians, except they would put individual rights above states rights.