If it makes any difference to your well-being, just remember America as a true republic was lost after the war of 1812. We were all born into a stillborn republic as debtor serfs when the British families wrote their debt notes on the backs of us future generations.
Imagine having lived and died thinking you were free between 1812 and 2019. We know we aren’t free, and are still breathing to be able to do something about it.
Imagine being the poor bastards forced under penalty of imprisonment from FDR who had to turn their gold over to them in exchange for toilet paper fed notes.
I want this over too, but damn if this isn’t an amazing time to be alive.
It was the executive order banned private ownership of gold, but it was still used as backing internationally as part of Bretton Woods agreement from the end of WW2 to Nixon closing the gold window in 71 preventing foreign governments from redeeming gold with US dollars held. (this after devaluations from 20.67$ per oz prior to FDR's act, where he immediately increased it to 35$ an oz, then was at 42 and some change by 71)
If it makes any difference to your well-being, just remember America as a true republic was lost after the war of 1812. We were all born into a stillborn republic as debtor serfs when the British families wrote their debt notes on the backs of us future generations.
Imagine having lived and died thinking you were free between 1812 and 2019. We know we aren’t free, and are still breathing to be able to do something about it.
Imagine being the poor bastards forced under penalty of imprisonment from FDR who had to turn their gold over to them in exchange for toilet paper fed notes.
I want this over too, but damn if this isn’t an amazing time to be alive.
Thought it was FDR in the 30s, with EO 6102, who did the gold confiscation, not LBJ.
Maybe it was a series of events. Nixon closed the gold window in '71.
It was the executive order banned private ownership of gold, but it was still used as backing internationally as part of Bretton Woods agreement from the end of WW2 to Nixon closing the gold window in 71 preventing foreign governments from redeeming gold with US dollars held. (this after devaluations from 20.67$ per oz prior to FDR's act, where he immediately increased it to 35$ an oz, then was at 42 and some change by 71)
You are correct, thanks for the correction. Edited.