Richard Nixon effectively ended the convertibility of the U.S. dollar into gold on August 15, 1971, in an event known as the Nixon Shock.
It was redeemable for gold at $35 per ounce only back then..
A 90-day freeze on wages and prices was imposed via Executive Order 11615 to combat domestic inflation.
A temporary 10% tax on imports was instituted to protect American jobs and encourage trading partners to revalue their currencies.
Now that looks like hijack 1, then the oil then the LNG..
Few realize this.
And on top it is fair game all of this, law of the jungle.
You seem to have a similar President.
It was redeemable for gold at $35 per ounce only back then..
A 90-day freeze on wages and prices was imposed via Executive Order 11615 to combat domestic inflation.
A temporary 10% tax on imports was instituted to protect American jobs and encourage trading partners to revalue their currencies.
Now that looks like hijack 1, then the oil then the LNG..
Few realize this.
And on top it is fair game all of this, law of the jungle.
You seem to have a similar President.
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