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40 Years Ago Today Richard Nixon Killed The Gold Standard

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Uploaded on Aug 15, 2011

40 years ago today, on 08/15/1971, under pressure from the FEDERAL RESERVE, Nixon suspended the convertibility of the US dollar into gold.
The Federal Reserve demanded this action TO PROTECT THE US DOLLAR FROM SPECULATORS.

The value of the US dollar has been steadily falling ever since.
Today our currency has a lower value than the Canadian dollar, or the Euro.

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