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InvisibleAsante
Omnicyclion prophet
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Registered: 02/06/02
Posts: 87,294
Gold & Dollar: How Money Became Worthless * 2
    #27151159 - 01/16/21 09:52 AM (3 years, 2 months ago)




Well produced documentary about how the world economy's fate hinges on that fateful day in 1971 when Nixon took the US Dollar, and with it all dollar-connected currencies, off the gold standard.

Nixon did so, because a surplus of dollars had been printed to advance the USA at the expense of the world, the world subsequently wanted to exchange their dollar holdings back into gold, Nixon wanted to prevent gold to leave the US so he no longer made dollars linked up to gold, a condition that made the dollar the world's reserve currency after WW II.

In the decades after, the US Gov't printed more and more surplus dollars and with it, dragged the world economy down, because inflation is taxation, and the US by controlling the world's reserve currency indirectly taxed every person and entity that held dollars.

You'll see, its good to watch.

Its less harping on gold as it is showing consequences of our fiat paper economy.


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OfflineLoaded Shaman
Psychophysiologist
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Registered: 03/02/15
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Re: Gold & Dollar: How Money Became Worthless [Re: Asante] * 2
    #27175409 - 01/28/21 11:45 PM (3 years, 1 month ago)



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"Real knowledge is to know the extent of one’s ignorance." — Confucius

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