Sunday, July 03, 2016

The Fifteenth Of August
Lance Roberts highlights August 15, 1971 as the date that U.S. President Richard Nixon shocked the world when he closed the gold window, thus eliminating free convertibility of the U.S. dollar to gold. This infamous ‘new economic policy’, or “Nixon Shock”, thereby removed the requirement that the U.S. dollar be backed by gold reserves .. "From that fateful day forward, constraints were removed that previously hindered the Federal Reserve’s (Fed) ability to manage the U.S. money supply. Decades later, slowing economic growth, nonexistent wage growth, growing wealth disparity, deteriorating productivity growth and other economic ills lay in the wake of Nixon’s verdict."
LINK HERE to the essay
WELL THEN WHO STOLE THE DOLLAR'S CONNECTION TO HONEST MONEY?

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