Happy 41st Anniversary of the End of the Gold Standard

August 15, 2012 By 6 Comments

41 years ago today, on August 15, 1971, President Nixon took the world off the gold standard at Bretton Woods.
Happy 41st Anniversary to the entirely fiat world Keynesian monetary system.

Good luck making it to your 42nd anniversary.


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Comments

  1. Avatar of NetRanger808 NetRanger808 says:
    August 15, 2012 at 7:48 PM

    So much damage these hand picked puppets do! Sale their own country out for some worthless paper!

  2. Avatar of TimeForSomeFun TimeForSomeFun says:
    August 15, 2012 at 10:26 PM

    Thank God it’s almost over.

  3. Avatar of Tox Tox says:
    August 15, 2012 at 10:48 PM

    He mentions the speculator bogeyman!

  4. Avatar of UglyDog UglyDog says:
    August 16, 2012 at 12:43 AM

    Nixon’s also the guy who introduced high fructose corn syrup into the American diet, all to curry the favor of the Iowa corn farmer vote.  Fast forward 40 years and Americans are overweight, hypertensive, pre-diabetic, cardiovascular disasters.  Thank you Pres. Nixon. 

  5. Avatar of TimeForSomeFun TimeForSomeFun says:
    August 16, 2012 at 7:57 AM

    I think the derivative complex renders this date more symbolic than not, but maybe just maybe the relatively consistent lifespan of unbacked paper currencies from past history is somehow tied in an as of yet unknown way to human nature.

  6. Avatar of RocketsRedGlare RocketsRedGlare says:
    August 16, 2012 at 9:31 AM

    Happy happy, joy joy. If I only had a time time  machine. The gold standard to begin with was monetary force in America. We had a bi-metal system until the “GREAT SILVER CRIME” of the late 1800s. That is when the Ag manipulation really began, trapping us into a “gold standard” a “banker standard”. In 64 when Johnson debased our coinage by removing silver from coins was another milestone. Brenton Woods was just another example of government financial tyranny, in a long list of financial tyranny.

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