How Did We Loose the Gold Standard?

[BeNNzuFG]

In the 60s the dollar was tied to the Deutschmark and Franc. To finance the Vietnam war and other things, the Fed started printing $. The fiat $ were traded into hard Deutschmarks or Francs by the US, which was good for for them since they received "hard" currency for fiat $. In the 70s, France had enough and sent a ship to the US with its collected $ and demanded a re-trade with the gold that the US stored. The US didn't want this to happen again so they got rid of the gold standard.

[bkdmd]

Are we in a currency war with China? Do we have examples of currency war leading to large scale war?

[bkdmd]

Since 8.15.71 the USA government depreciated the value of our currency by 85%!!

[waterspindle]

This is an extremely limited view and I would argue WRONG view. Here are some other takes that are long, useful and debatable: to view any of these type youtube [dot] come [slash] watch?v= then the random letter parts before the parenthetic titles below: swkq2E8mswI (The Secret of Oz) Dc3sKwwAaCU (Money As Debt) rCu3fpg83TY (Money As Debt II) JXt1cayx0hs (the money masters full) 4Z9WVZddH9w (Zeitgeist1 2011 moving forward) 1gKX9TWRyfs (Zeitgeist 2 :: Addendum)

[tedfreeway]

@shadowgeyser Woodrow Wilson I believe. TR could be argued also.

[StanwoodSpartans]

Franklin D Roosevelt, was a Freemason.

Dont ever forest that.

And so was his VP, Truman.

[newguy33X]

@StanwoodSpartans In many places, for long periods of time, many, many people were masons...it was like saying you went to the community church, because that's what the community did.

[TheBlarges]

@StanwoodSpartans

FDR was a goddamn communist traitor.

[jpdem87]

You spelled "loose" wrong, it is lose. you lose a football game, loose is like loose change. it's painful to look at please fix it.

[HwoarangtheBoomerang]

FDR ran on change in the 1930s. Obama ran on it in 2008. Just sayin'.

[granskare]

Richard Nixon devalued the dollar 10% and again another 10%

[inkey2]

i need some education on this.....how does a government "devalue" their currency.? What is actually done?

[WBensburg]

@inkey2 One way to devalue the currency is to print more of it. Imagine what would happen if suddenly you gave every adult in America $1,000,000. Based on supply/demand forces, you'd have hyperinflation. This is precisely what happened in post WWI Germany -- perhaps you've seen pictures of Germans using wheelbarrows to transport their trillions of marks to buy a loaf of bread. A few months ago, the Federal Reserve did just this: it "monetized" $800,000,000,000 of our debt, or printed it away

[inkey2]

@WBensburg well .....I know that some countries actually "declared" their money devalued....like england....and mexico at one time. But I don't understand how a "declared devaluation" works.......when a government "declares" they are devaluing their currency. What is actually done?

[thebestsumoeva]

@inkey2 When they devalue their currency they are essentially printing money. Money is like any other commodity and follows supply and demand to attain a value. When you print it in excess its value goes down, but when you stop printing it and instead destroy it, it's value goes up. The definition if inflation is an expansion of the money supply, the prices of things go up as a result of inflation and we have inflation as a result of printing money.

[inkey2]

@thebestsumoeva i know that the over printing of money can cause a currency to loose it's value. But what about many years ago when England "announced" it was devaluing it's currency. Were they announcing that they were purposly just over printing their money? or was there some other thing going on.....I don't understand why a country would announce that they were devaluing their currency instead of just slowly letting it happen. Why warn other countries that your money is going to be worth less

[thebestsumoeva]

@inkey2 I don't know exactly what they did, but I do know in the US they devalued it by buying up all the gold, making it illegal to own, then releasing it with a new higher price which in essence devalued all the paper money since less gold was required to back the same amount of money.

[definitionofis]

That's an interesting play on woords.

[davedavedaveannoy1]

To Individualism, may every man keep the sweat of his own brow. To all conservatives and libertarians out there, thankyou for not succumbing to the rants and ravings of collective imbeciles that tear our economy, interfere with the natural balance of the Free Market System, call capitalists morons, and trudge upon the private rights of property. Best of luck to ya friends, keep up the fight for freedom and shun those socialistic ideals into nonexistence. LONG LIVE THE REIGN OF LIBERTY!

[lomocan]

"Another american nut with an "IT'S ALL THE FAULT OF THE EVIL RICH JEWS" attitude to world history"

It'd indeed be unjust to accuse ALL Jews but if one takes look around one can clearly see how Zionists make up all the top-level guys in every influential field in the West, politics, banking, entertainment & so on, & how Zionist lobbyists use US to conquer their enemies. Zionism was rife before WWs as well that's why, not just Germany, but most of Europe was pissed at Zionists. It's real.

[lithopoonwit]

England + the Jews have murdered the Boer women and children in concentration camps and stole the gold from South Africa mines and diamond fields. that was the Boer war 1894-1902.

Jews are robbers of the world's gold.

[accursedheretic]

@lithopoonwit

You seem to forget who those jews were sanctioned by. None other than your neighborhood Catholic Church.

[lithopoonwit]

Nearly all the gold has been stolen by the Jews, for the newly- to-build Third Temple, and for the Statue of the AntiChrist.

[riskyriot]

I believe you mean, 'How Did We Lose the Gold Standard?'

[accursedheretic]

Ron Paul is joke. The Gold standard is a joke. Gold standard will only lead to deflation. Plus all the gold is owned by who?????? International bankers perhaps??? So cry out for your gold standard all you want, even if you get one it will still be debt-money from the international bankers who control the gold market. Also if you back the currency with gold, the currency becomes a commodity itself, which is NOT the purpose of currency. Fiat currency is great without debt and interest. RP=Dupe.

[LordoftheKaty]

@accursedheretic That is why, as Ron Paul fights for, we end central banking and go back to how the founders meant it to be, where are own government prints the money, and with the gold standard, it places a limit on how much they can print. Btw, in 1835, when Jackson abolished central banking, America for the first time was debt free. There was also an attempted assassination against him, no shock. And JFK tried to get things right with EO #11110, which would have abolished the Fed.

[accursedheretic]

@LordoftheKaty

Kennedy's executive order did NOTHING to the FED but HELP them. Read it once. Then ask why the NEXT YEAR the Sec. of the Treasure used his new powers to STOP the circulation and redeeming of silver certificates. So that executive order is a lie. Jackson got rid of the 2nd BUS but he didn't do SHIT about private banking OR fractional reserve banking. He didn't do SHIT about the government's ability to print their OWN currency, he just let private bankers control money supply.

[accursedheretic]

@LordoftheKaty

The FED was created by the PRIVATE BANKERS who already ran America through foreign banks. It makes sure that they NEVER have to worry about bank runs again. Therefore it protects fractional reserve banking, the same policy that the U.S. has ALWAYS had. Banks(always private in this country) create credit and pick up REAL ASSETS when people default on loans. Create credit for FREE, then take over ASSETS and PROPERTY when defaults(which are inevitable) occur. Gold is so bunk.

[accursedheretic]

@LordoftheKaty

And tell me why is limiting money supply a good thing? Please explain that to me. A currency NEEDS to be elastic since population is booming you need new money. It's a simple fact. All the gold ever mined in the world would still only be worth 7 trillion US dollars, not even enough to back up HALF of our national debt. Deflation is much worse than inflation. Price inflation only occurs when you print more than you use, that's it. I suggest you watch The Money Masters.

[accursedheretic]

@LordoftheKaty

Also, where is this gold that backs up the money? In Fort Knox? Doubtful since they won't let anyone audit it since '53. We have no gold, the FED took it all. All a gold standard would do is nullify our debt free govt currency by having to buy their gold to back it up. By "their gold" I mean the global bank's(global bank being the IMF, World Bank, and B.I.S.) gold. Switzerland is the key sovereign state of money, not the City of London. The Swiss answer to NO ONE but bankers.

[LordoftheKaty]

@accursedheretic Now do you see why central banking is a catastrophe? It is in your own words

[accursedheretic]

@LordoftheKaty

A PRIVATELY OWNED CENTRAL BANK. Do you know what that means? PRIVATELY OWNED. PRIVATELY PRINTED MONEY. MEANING LOANED TO PEOPLE. A central bank does NOT have to be private, whoever told you that is a liar. Do you even know what the Pennsylvania scrip system is? Have you ever heard of the tally stick system? Please explain to me how a system of money works when all it is is a fuckin stick with notches? For 700 years? A fucking stick. Why? Because that's all currency is, a number.

[LordoftheKaty]

@accursedheretic Considering our system, yeah, pretty much

[hyylo]

hi

can you please tell me where i can view the entire video?

[scottishlad1987]

what i want to know is why people can't spell the word 'lose'. ONE O!!!!

[Rico8458]

rooselvet was a communist socialist idiot. always they think they know, but only the war saved us. not his moves. just like moslem obama is the same thing.

[Thetruthishere11]

@Rico8458

I don't know if the war did anything either.

Keynesian there.

[Rico8458]

hoover was right.

[Rico8458]

they always want to screw up the gold when they have troubles. in other words screw the working man and his gold and give them paper.

[marxbitesall]

Flange is right about Keynes - he's still killing the USA like his ideological buddy Karl Marx.

WE all be rich and free but for the bureaucratic state institutted and controlled by world-wide shylocks and their fiat paper crap.

Guess who has ALL the gold now?

[flangelet]

LOL

Yet another jew-hating, badly-informed, ranting nwo conspiracy nut!

I wish you well with that.

[Zeldovich]

Keynes was a pretty successful investor. How many commies have you heard of that could invest money well? What's your portfolio like?

[marxbitesall]

Keynes was an unprodutive douchebag, always a parasite bureaucrat living off others and special privilege. UK was smart to ship his ass away, and THEY recovered swimmingly while US flounderd under Hoover & FDR emplaced mercantilism/corporatism.

Not bad at all chump, Im already ahead of where I was in 2007 you statist moron.

Is Marx your next hero after Keynes too?

[Zeldovich]

Yeah, yeah... Plenty of Marxists invest in securities, right? What was his average rate of return? What is a liquidity trap? How did he view aggregate demand and monetary policy? If you can't answer these questions, then you criticize something you know nothing about and are just stupid.

[flangelet]

Very true!

The Keynsianism Myth is that, post-1929, countries which adopted it did well. The UK did exceptionally well after it dropping the 'gold standard' WITHOUT KENYNESIAN INTERVENTION. The 1930s were a GOLDEN AGE for the UK.

Only ONE country did well with Keynesian policies; Nazi Germany. And only because they could shoot union leaders who opposed lower wages.

The usa floundered until it started exporting to Nazi Germany. THAT'S why it was scared of joining WWII on the 'right' side.

[MinGophers]

@marxbitesall ?? You can disagree with them, but both Marx and Keynes were very smart men.

[marxbitesall]

Hey toiletflange

YOU SOBS started WW1 and then screwed Germany and the ME which guaranteed WW2

Study YOUR Vickers & Zaharoff, The Balfour Declaration, Peabody/Morgan you pig of the #1 Imperialist nation that sucked the USA back into back into your crap after we'd knocked your bloody dorks in the dirt & in 1812 which YOU started because we printed our OWN non-Rothschild money - you limey douchebag

[asierra1492]

That economist is wrong if Britain devalued its currency during the international gold standard. It wouldnt be exporting more and importing less, otherwise gold would have flowed to britain instead of leaving it.

[flangelet]

Most of what is written about Depression Era is written by yanks & is the usa's experience of the 1930s.

Britain had almost fully recovered by 1932 precisely due to leaving the gold standard & was exporting more due to lower prices of export goods.

The 1930s are seen as a golden age pre-WWII in England. Do some research! Keynsian economics wasn't followed in the UK.

In Nazi Germany, I think, it only worked because they shot union leaders who objected to poor deals for workers!

[marxbitesall]

Rockefeller & Morgan are England Rothschild agents from the beginning. Rothschild financed Rockys bank & Morgans were Brits of Peabody/Morgan

Both of whom have been raping America since the CW that Rothchild enemy the Czar who was finally given his by Rothschilds 75% Jewish Bolshies in retribution for his predecessors sending battleships to US coasts as warning for UK, France etc to stay out of the CW.

With the Russian royal family slaughtered Rothschilds got their bank in right after ours

[Civsuccess2]

This is the famous caging of gold. Please see Milton Friedman's video on Gold Standard. Hoover raise interest rate via printing less money. This result in deflation.

[marxbitesall]

America had the very KGIII imperialism we fought off, restored by progressive NWO con artist criminal bankers

Study Balfour Declaration, triple entente, Brandies/Untermeyer, Zaharoff to reveal the lies of Rhodes scholars, CFR, RIIA, TriLat & Bilderbergs

See the movie A Dangerous Man re Lawrence of Arabia/Versailles starring Ralph Fiennes

[marxbitesall]

You are right - the dollar is toast - as are all fiat currencies, eventually.

Hundreds of nation's fiat experiments have already met hyperinflationary doom - and as the collusive central banks always do - they inflate in concert for the most part

Was not Brown's sale of half your gold at market bottom not a devaluing event for the Pound?

You greedy bastards sucked America into two wars we had no business by the banksters on BOTH sides of the pond.

UK started WW1 to seize oil in Mosul

[flangelet]

I refer your ignorant arse to "Wall St and the Rise of Hitler" by Anthony Sutton 1976.

Go read it and take the blame for your own mess, chump!

America causes most of the problems in the world; CFCs, lead in gasolene, school shootings, Ninja Mortgages, Collateralized Debt, Buying on Margin, Israel, Global Warming, Global Warming Denial.... and tv evangelists!

Give us a rest from your sh*t already!

[flangelet]

LOL

The damage done to the us dollar is going to be exposed as the tide of US Treasuries recedes.

Money is accelerating out of US bonds/Bills/Notes and into non-usa equities (try looking at the numbers and deny it!) which will/is causing the $ to plunge compared to viable country's currencies. I think you understand now why the your Chinese owners were worried!

Not to worry. We are already collecting food parcels to send to the starving of the usa.

...and you like humble pie, right?

[asierra1492]

Hi, could you point me to the place where i can get those numbers please. I would really appreciate it. thanks :)

"Money is accelerating out of US bonds/Bills/Notes and into non-usa equities (try looking at the numbers and deny it!)"

[AvianTerminus]

I'm going to excuse the early AM hours for broken sentence in that last post.

Long story short: Flangelet's overuse of tired insults (I don't know any American that's offended by the term 'yank'. We have a baseball team called the Yankees. It's a term relative to a period of American history. Honestly mate, we don't care.), hyperbolic manner of speaking and blatant disregard for relative facts essentially point out to me that he's either intentionally stupid or merely just worth ignoring.

[flangelet]

Here yank means 'dirty lying scumbag bigmouth'... just so ya know!

[AvianTerminus]

And yet we still won't care. Sorry.

[flangelet]

Good.

Just like we won't care when your dollar is replaced by something more trustworthy for purchasing commodities like oil and copper.

So now that the usa has died, its exporters have folded and its currency has been devalued, how are you gonna pay your debts?

And don't think picking a fight in the S China seas with your landlord will get you off the hook so easily...

You still go the Japanese/Indians/Saudis to pay...

[AvianTerminus]

We died? That's news to a lot of us that are actually still running the economy. We'll see. Seems like you're far more worried than we are.

[flangelet]

LOL

You pathetic propaganda-believing americ*nt!

I STRONGLY suggest you read

wx3 period debka preiodcom slash headline preiod php questionmark hid=6062

The headline reads "Obama's SOS to Gulf emirs: Invest in US and global economies"

I especially LIKED the bit about dumb**s americ*nts being told one thing BUT the reality is being given straight to ONE of the usa's owners; the Saudis... and it is 'slightly' different!

LOL

Good luck with that 3rd world status, dumb 'yank'! G'bye now y'all!

[flangelet]

YouTube doesn't like web site references so I'm gambling you have the intellect to figure it out!

Then again, I read your previous comments so I don't hold out much hope!

QED

[AvianTerminus]

Can we agree that it's clear that Flangelet is not only prone to making sweeping generalizations regarding a nation of 300,000,000+ individuals (Just a few over 250M, if my math is right.. but compared to the total UK population of, what, 61M? Call me insane, but last I knew 61 was less than 300.)

Oh right, and let's discount that the root philosophers and economists in Capitalism hailed out of where..? Oh right, the UK. Adam Smith, David Ricardo, John Stuart Mill, KEYNES)

You deny yourself.

[flangelet]

Yes. We are a clever people. That must be why americans steal so much technology and inventions of note from us.... claiming them as their own in the history books.

Now that the filthy usa has killed its currency, ending its grip on the poor of the world, as will be apparent as the money leaves US Treasuries and goes back into equities, then we shall see won't we?

BTW don't forget to ask the Chinese to fund your next war against them! They may even supply you with ICs for your military tech!

[marxbitesall]

WE got our central bank from you stupid limeys - Peabody/Morgan/Rothschilds dipwad - just like the Kaiser's.

Ever read any Carrol Quigley you moron?

[flangelet]

Ours works... yours screws your butts at every opportunity. Explain that to me?

I notice no yank media outlet is reporting the OECD report that says the UK soon will be (or maybe already is) coming out of recession FIRST among the developed economies while the stagnating usa lies crippled in the gutter with a damaged currency soon to be exposed by a receding tide of US Treasury paper... must really sting dirty americans and stick in their craws to report good news happening to an enemy, hur?

[flangelet]

BTW I see you don't comment of Obama begging the Saudis (10May2009) for petrodollars to buy the next tranche of US Treasuries to be auction... a failure is expected!

I also note you don't appreciate the reasons for the falling dollar (12May2009) and the rising oil price while demand is down and the oil supply is at an all time high? LOL

The dollar is collapsing!

Recession is ending for UK, China, India, France and Italy while the usa is having it worst.. as I told you back in NOVEMBER! DUR!

[flangelet]

2:10 - Leaving the gold standard HELPED the UK by helping our (I am British) export markets.

The yanks panicked & f*cked themselves over while the UK slowly recovered.

By 1932, the recession was over in the UK. The 1930s are seen as a period of affluence and stability pre-WWII.

History is repeating itself; Pound is cheap, helping our exports & the expensive dollar is f*cking the poor yanks & losing them world market-share of exports when they need them most.

usa doomed. UK ok... again!

LOL

[flangelet]

HOWEVER... this time around the difference in dollar-Pound price is as a result of US Treasuries, which is where all the money from the usa's stockmarket has fled to.

The usa cannot afford to let the current (16Feb2009) BUBBLE that has developed in US Treasuries burst as it will flood the world with cheap dollars and cripple the usa since ALL its requirements are IMPORTED (oil) and all it's domestic requirements (food) rely on cheap oil!

usa doomed. LOL

[PalmBayFLGuy]

flangelet,

You type a lot of smack considering that UK invented the CONCENTRATION CAMP.

During the Boer War, Brits placed those desended from the Dutch into CONCENTRATION CAMPS...

I suggest you Google "Boer War" and "Concentration Camps" before you trot to mosque......

[flangelet]

And the usa invented serial killers, school shootings & the drive-by not to mention putting lead in petrol & inventing CFCs as well as being the major contributor to global warming by burning fossil fuels! Google those, you ignorant chump! Is there no end to american 'gifts' to the world?

LOL

I suggest you read "The Secret History of the American Empire" by John Perkins (NYTimes) + "Wall St & the Rise of Hitler" by Anthony Sutton (1976)

Your collection of impoverished states has done ENOUGH!

[PalmBayFLGuy]

flangelet,

There were serial killers (Jack the Ripper), shootings, and other crimes long before 1776....

Because something is in a book, doesn't not make it a fact.......

America's gifts to the world are far better the what your MOTHER bestowed upon this planet...

Alturism SUCKS,...just like your mom does

[augustus0963]

We also created the Polio vaccine, particle accelerators, pacemakers, airplanes, digital cameras and a lot more that you would not have without American ingenuity.

Your anti-American tirade is both tiring and silly. We all can go on and on about mistakes made by both the Americans and the British Empire. When a country has power they do what they can to keep it. Getting extra pissed off about it just makes it seem like you have a inferiority complex.

[flangelet]

I have an 'honesty' complex... the usa dishonestly rips off other country's ideas, stealing the laurels from the heads of other people's dead heros!

Good to see the latest AMERICAN export to the world; SWINE FLU which (google it!) first emerged from the Mexican town alongside the huge MANURE LAGOONS of an AMERICAN-OWNED PIG FARM COMPLEX in Mexico!

Such commercial farming abuses are illegal in the usa... so I guess you americ*nts have no qualms about sticking it to the Mex!

Nice going, yanks!

[augustus0963]

Stop bitching about America. The Brits have many a transgression against humanity during their expansion of the biggest empire in history.

By the way- your little swine flu comment isn't true you idiot: "Mexico's top government epidemiologist said Wednesday that it is "highly improbable" that a farm in the Mexican state of Veracruz operated by Smithfield Foods Inc is responsible for the nation's swine-flu outbreak."

Nice to see an intelligent Brit schooling us Americans on how bad we are huh?

[flangelet]

BTW there is a BIG difference between Boer War "Concentration Camp = Prison" and Nazi "Concentration Camp = Murder Factory"... you dirty yank!

I know some of your uneducated american chumps might fall for the lack of a distinction because of the same name, but those of us who know your corrupt american intellectual practices better aren't fooled so easily!

Four cough, yank!

[bengunn1980]

If history is repeating itself, does that mean that the UK is about to get buttfucked by the Germans and the U.S. will have to save your limey asses again? If so, that will do wonders for our economy. Thanks to the good ol lack of testicles displayed by the brits.

[flangelet]

Watch your mouth, you dirty american scum!

The UK fought the Germans ALONE while the usa bankrupted us by SELLING us a lifeline, you worthless yank filth!

You cowardly americans only joined the war when FORCED into it, you were happy making money selling weapons to the Nazis until then, OH! YOU DIDN'T KNOW THAT WALL ST BANKROLLED HITLER, HUR?

Google "Wall St and the Rise of Hitler" by Antony Sutton (1976), you uneducated american peabrain!

Americans are all cowardly scum!

Goggle "My Lai"

[flangelet]

EVERY major world problem in the last 100 years was CREATED by the usa.

Wall St Crash, WWII, Global Warming, Israel, Nuclear Stockpiles, Lead in Petrol, CFCs... F*CK! you name it a YANK was the architect of it!

If the usa ever catches fire, the world will queue up to throw gasolene on your faces!

Don't piss us off, kid!

There's more of us than there are of you!

There's only 250 million yanks...

[marxbitesall]

Au contraire daft Flangelet

Ever hear of Versailles mate?

The Balfour Declaration?

The Triple Entent?

Carroll Quigley? who writes that it has been the Anglo-American Rothschild/Rhodes/Milner central banking system cabal all along - using common men as fodder for their corporate protection rackets?

The AngloAm cabal is the NWO bastards doing their best pulling more wars and financial panics to cinch the noose around humanity - dippydo.

Peabody Morgan or Vickers/Zaharoff ring a bell?

[flangelet]

LOL

You are a nwo nut.

I am sorry I don't talk to the mentally ill.

Only people who are able to differentate logic, historically documented fact and reality from paranoid delusions are worthy of my time!

So the usa is not as powerful as you thought... get over it and do as your Chinese/Japanese/Saudi/Indian (see 'foreign' US Treasuries holdings for more details!) owners tell you already!

LOL

[PalmBayFLGuy]

flangelet,

You are in United Kingdom of West Pakistan, correct? Does UK (oWP) have Sharia law yet? Also, when will Big Ben be replaced by a Minaret??

Hitler, Stalin, Castro, Pol Pot, Ho Chi Mihn, Daniel Ortega, Hugo Chavez have ALL been predicting the end of USA,.. LOLOL What a group of LOSERS....

Losers, just as you are flangelet

[flangelet]

LOL

Another dumb yank who thinks because he hasn't heard it on CNN or Bloomberg that the usa isn't doomed.

I got news for your propagandized a**... the usa is doomed by any economic indicator YOU care to mention.

I dare you! Mention one and I'll show you how the usa can ONLY go "down, down deeper and down".

Go on... anytime you're ready!

[marxbitesall]

Hey toilet flange - your ignorance is pathetic.

Your Gordo sold half your gold at market bottom - to the Chicoms

You dumbass - perhaps NWO elites OWN words mean nothing to you?

Google "Still Dont Believe In The New World Order?"

Then get back to us if you've the intellectual nads - which I doubt a "genius" like you has, much less any brains

[flangelet]

LOL our gold became foreign currencies to trade in the currency markets which made more money that ever before. It was one of the best decisions we ever made! You should be soooo stooopid!

LOL there are no nwo secret rulers of the world... nobody runs the world dummy;

There is nobody at the wheel & the wheel has come off!

Perhaps if you travelled abroad & understood the LACK of interconnection rather than the tenuous links you imagine exist, then you wouldn't be such a fool. Got a passport?

[marxbitesall]

Seems the British SCUM, having converted from coal to oil for HM's fleet were the sobs with eyes on Mosul, blockades on Germany, conned US into the war w/traitors Col House & tory Morgans help, backstabbed Fisal, and split the ME booty.

The US should've left well enough alone - Fr, Gr & UK were just about all peterd out anyway.

"EVERY major world problem in the last 100 years was CREATED by not the USA but by you Rothschild whores YOU let take over your banking FIRST - azzcrack.

[flangelet]

LOL

Another american nut with an "IT'S ALL THE FAULT OF THE EVIL RICH JEWS" attitude to world history!

Crawl back into your hole...

[soruche]

The USA created the Rothschild's and Rockerfellers, i don't see how you can seperate the two

[marxbitesall]

Rothschilds and Schiffs shared a house in Frankfort. Rothschild took over the square mile during Waterloo, he was also the money behind our RRs via Morgan & Rockefeller - them owning most of the Continent's RR's and Baku oilfields before WW1.

My gut tells me Hamilton was his agent from sugar island Nevis.

Rothschilds created themselves indebting kings taking over Eur banking 1x1, then the FED. Fiat finances their every deed - they own the wrlds bureaucrats & media. Dbl digit trillions.

[accursedheretic]

@marxbitesall

The Rothschilds are Papal stooges. The Rothschilds are Knights of Malta who capitalized on the Jesuits' suppression by working with them to put them back in power across the globe. The Jesuits created the Bank of England using fractional reserve banking and debt-money at interest to take over England's economy. The Rothschilds only copied their system, and in turn were let in amongst the nobility. Ever seen the photo of Rothschild in the 1700s wearing a Maltese cross? Fake jews.

[3DNC]

We never came completely off the Gold Standard until Vietnam, because we got back on a standard after the New Deal. In 1971 the money borrowed and printed in the undeclared war caused us to get completely off the gold standard, never to be back again, as the printing press and borrowing ran wild there after.

[sskmrplg]

The New Deal and letting the gold standard loose merely shifted the burden of US debt to the international realm. This could be done because the US economy was self-sufficient to survive the crisis by isolationism.

Interestingly, now that the US has no gold standard, how will it be able to shift the burden of its empirial overstretch? What are the valuables the US has left now that China ownes the states? It will bleed itself, thus ending the American century as Paul Kennedy predicted.

[savitri0]

it's a manipulition of facts.

the depression was not caused by the stable value of the dollar. it was caused by the speculative bubble.

roosevelt was one of the greatest criminals ever!

[no3commando]

The New Deal was merely a way for the Govt to transfer wealth from one segment of society to another. The govt produces nothing so any jobs that they provide comes from revenue that was taken from tax payers. Where the Govt did provide jobs what was not seen is what could have been created had the govt not confiscated the peoples money. See "What is seen and what is not seen" Frederic Bastiat And "America's Great Depression" Murray Rothbard

[no3commando]

FDR's New Deal policies would not have ended the depression they are actually what prolonged it. The Federal Reserve was created in 1913. Remember the "Roaring Twenties" That was caused by an increase in money and bank credit from the FED.  After the illusion of wealth disappeared in 1929 and the country experienced a recession. Govt interference exacerbated it and made it a depression by having price controls, and govt make work schemes.

[no3commando]

FDR

[jensenbell]

I like Ron Paul too but Wonju is not correct. The people did not have money in gold. Foreign investors & about 1% of the country with super wealth had it. Hoover prolonged the Depression, FDR turned it around & would have completely ended it. World War II interrupted and that top 1% found a way to get "their gold" back. The Pentagon war machine is responsible for the insane taxation & lack of economic freedom for Americans today. If we went back to the Gold Standard today it would be worse.

[no3commando]

If we went back to the gold backed dollar today it would not be worse. It would prevent inflation and the business cycles that exist today. An international currency could be established quite easily. The dollar used to be 1/20th of an oz of gold. Take the price of gold which is about 890 an oz and make the dollar 1/890th an oz of gold and the same for all other currencies. It is not the price of gold that is volatile it is the fiat dollar.

[WonjuEnglishSchool]

So, FDR lied to the people, stole the people's gold, abandoned the gold standard and drove the US into a deep Depression.

The Fed expanded the money supply and created malinvestment and a bubble, that burst and caused a recesion.

The Congress passed the Smoot-Hawley tariff that caused the stock market to crash and expanded the recession.

FDR turned the recession into the Great Depression.

Thanks alot.

Only Ron Paul can save America now.

The Whole World needs Ron Paul.