How Did We Loose the Gold Standard?

In 1933 FDR Ends the Gold Standard opening the door for the current system we have today..Thanks a lot!

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[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?

[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.

[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.

[TheBlarges]

@StanwoodSpartans

FDR was a goddamn communist traitor.

[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)

[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.

[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 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.

[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.

[tedfreeway]

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