Saving the Dollar, Destroying Jobs and the Financial System

Gerry Epstein: In '71 Nixon closed the gold window and contributed to rise of the domination of finance and weakening of the real economy

Category:

News & Politics

Tags:

• work
• politics
• news
• dollars
• dollar
• gold
• Gold
• market
• entertainment
• economy
• crisis
• economic
• reserve
• collapse
• bank
• financial

[StraussBR]

Prof Epstein,

I hope you read this

There is an important aspect that greatly helped the dollar to sustain it's value after Nixon shut the gold window, and it is the OPEC deal Mr. Nixon made with the Saudi family to sell their vast oil reserves exclusively by U.S Dollars, this created of course large scale demand for U.S $, causing many countries even to borrow USD with the IMF, That is why OIL IS SO IMPORTANT FOR US POLICYMAKERS

Thumb up this if you agree, everybody should know this fact

[peterb37]

I personally believe that the reason Johnson did not run again was because we were running out of money. Nixon took the easy way out and sold out to the Bankers, and fixed it so that he could get as much money as he wanted. He also screwed our creditors to the wall to. When you can just print money you don't need creditors, and with Fiat currency you don't need gold or silver either. When Reagan deregulated and started spending like a sailor and popularized deficit spending, The coup Done !

[kopellhinex]

bankers+lawyers+police+judge+p­oliticians+criminals+terrorist­+gamblinglords

+rebelnarcopolitician+dictator­s+rulers+etc = DIRTY CAPITALIST SCUM PIGS.

BANKERS & DRUGLORDS screwed life & society in human history.

BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!

BURN THE BANKS. BURN DRUG LORDS ALIVE & OCCUPY THE WORLD...!!!

"GOD HANG the LANDGRABBER PIG ROYAL LAZY FAMILY"

SAVE the ANIMALS & NATURE. END THE DEBT!!! END SLAVERY!!!

---- copy & paste WE ARE THE 99% FREEMAN ----

[worldismorphing]

@rctube1958

The answer to your question in a previous Real News interview... which I indicate in a reply to the comment above yours....

Grandma Wisdom will explain it really neatly...

[worldismorphing]

@judd73

YouTube search : Parasitical Capital Not Lack Of Gold The Problem

The answer to your question in a previous Real News interview ...



[judd73]

@rctube1958 exactly why are they afraid to admit we'd be better off with a gold standard? If we wouldn't be better off, it sure would be nice to hear their explanation for why.

[rctube1958]

So the problem wasn't that the US got off the gold standard. It was WHAT HAPPENED after the US got off the gold standard. Err, wha? Getting off the gold standard unleashed the banks and lead to other problems that the speaker chronicles. But the problem wasn't getting off the gold standard!!?

[bammbamm12]

I don't know if Nixon's crime with the gold standard was all that bad. You could still buy gold with $US, you just couldn't turn in dollars and exchange them for a fixed weight in gold. So they'd have to buy gold in the open market for, say, $50 and ounce instead of $35, the former guarantee.

[judd73]

Gerry Epstein is admitting, though kind of backhandedly, that going off the gold standard has given rise to an overly powerful financial sector (over other market-created businesses). However he says that if all that newly printed money was simply in better hands like the politicians, we'd all be better off. That's a tough sell, and buy. Why not just stay on the gold standard if you want production to stay and a less finance dominated economy?

[dharmaatdawn]

For all the empty rethoric of being masters of their destiny yet expecting Obama to change the system that has more in common with .1% then with the "people". " the people who OWN the country ought to govern it". yes its still true till today. They own the country not you. You just working for them. Whatever "right" you have now wasnt given to you bc of Constitution or bc its a birth right. Ppl suffered, jailed, died for it. U wanna middle class fight unless you think you gonna be in those .1%

[decepticonsofnwo]

@IceManLikeGervin Y dont we skip the audit, charge the fed with treason and whatever other charges we can come up with and confiscate all their gold

[worldismorphing]

The subject is spot on, but you must go further Paul.

Ask Jane D'Arista to expand on the Keynes proposal and why it was never attempted in its integral version. Could it still be applied in this new era of fiat debt money system ? In her last video with you Paul, she seemed pretty adamant that its the only way to tie the printing of money and its value to what actually gets produced....ask her thoughts on twin currency systems ...