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The gold standard ended in 1933. FDR made it illegal to own more than 5 oz of gold. Nixon just ended the part of the Bretton Woods program where we could trade gold with other countries for $35/oz. This allowed Gold to fluctuate and allowed for inflation to become a more impactful thing (a tax on savings). It was not nice and very destructive, but it allowed us to buy gold again. The actual gold standard (where paper dollars were tradable for gold) ended in 1933 with FDR and the confiscation of gold (which he gave to the Fed).
This confiscation (eminent domain, and proof of a sovereign dictatorship) of all of American's gold was done because the Fed couldn't increase the money supply (a necessity to get out of the Great Depression) because they had to keep 40% of the money supply in gold reserves. Now of course they had been decreasing the money supply for years (the cause of the Great Depression, totally intentional), so where did the gold go that they had before that they needed an influx of more? That is a great question. I think the answer is, they funded the Nazi rise to power, though I can't find source evidence of that. Regardless, it went somewhere.
They also could have just lowered the reserve requirement, which they did almost immediately after the gold confiscation, but the whole thing was obviously planned to steal all of the gold from America.
The Fed still has that gold today (according to their documents). Of course they "gave it back" to the Treasury, except its still in the Fed vaults (NY Fed). Our government can't even get it back from them because the Fed is a sovereign entity (as an agent of the BIS). We have no jurisdiction over them according to our own laws.
So not LBJ, and not Nixon. It was FDR that ended the gold standard.
The Fed was folded into the U.S. Treasury in April 2020, so guess what....What Trump decides, happens..
I really don't think that's what happened, though I'd have to really dig into the law to be sure. The Fed is a sovereign entity. Congress would have had to get rid of laws on the books to have any actual influence over them. Having input for some fund with the Federal Reserve Board has nothing to do with controlling the Fed. The Fed is completely independent of the Federal Reserve Board. The FRB and the FOMC are advisory entities only. They can't tell the Fed Banks what to do at all, they can only advise.
Unless you have evidence that suggests that the laws that make them sovereign have been overwritten, I think this is a misinterpretation.
https://stillnessinthestorm.com/2020/04/we-did-it-trump-ends-the-fed-as-we-know-it/
That link tells me nothing unfortunately. They say a lot of things, but they don't site their sources and thus don't explain how they come to the conclusions that they have.
At some point I will dig deep into the law and compare it to other laws I have done deep dives into (Federal Reserve Act, Bretton Woods, Laws relating to the Bank of International Settlements, etc.) and see if it changes those laws explicitly. If not, then I don't think their conclusions are accurate.
Making up a story and not supplying evidence is not the way to the truth. It doesn't mean they are wrong, but they offer zero evidence to support their story. Which means I am no closer to finding the truth about this.
Q#3904 confirms that it was part of the plan.
Check the linked tweet on the Q post.
Yes, interesting, but there is still more here than meets the eye I think. As I said, I need to dig into the law itself. There are too many other things that don't jive with that article, unless the law says a lot more than is suggested.
You're not entirely correct about that. All 3 presidents ended the gold standard. I'm a guy who's collected coins for over a decade now, so us numismatists know LBJ is definitely partly to blame, if anything he was the worst of the three for it (at least in my opinion)
Yes FDR did shellack America's gold standard in the 1930s (precisely why the 1933 double eagle is worth so much) but LBJ completely fucked our monetary system by eliminating the gold cover. Therefore our money is no longer backed by gold. It's been progressively losing value ever since. Our money was still backed by gold under FDR even if he confiscated private gold holdings and ceased production of new gold coins. LBJ also quit production of any precious metal coin for general circulation, thus introducing the era of "clad" (copper nickel) coinage. Prior to him, most American coins were made with 90% silver.
Nixon got us off the gold standard for international transactions, but at that point it was just finishing what was already done.
https://nationalinterest.org/feature/who-really-killed-the-gold-standard-12435
Yeap, 1964 and earlier quarters and dimes are 90% silver and you can hear it when you handle them. That ping is nothing like these fucking zinc atrocities.
Ah, I see. We are talking about two different things.
You are talking about bank accounting. Yes, after taking out the gold reserve requirement and international trading agreement (Bretton Woods) the inflation dial was able to be turned much farther. Also deficit spending was allowed to run rampant. As I said above, those were big deal fuckeries, but they are not the gold standard. They are bank accounting procedures and an increase in economic manipulation capacity.
The gold standard means that money IS gold. Paper money = physical gold. They can be interchanged. They are identical. That is what it has meant for over a thousand years, ever since they first started issuing bank notes. That ended in 1933. Bringing back the gold standard has nothing to do with bank reserves. It has nothing to do with trading gold with other countries, or even economic dials. It means that what we use as an intermediary for barter is a tangible asset, in this case the element Gold at a set value per measure.
Nixon was a pedophile. Likely a Luciferian.
https://www.newsfromtheperimeter.com/home/2021/6/2/australia-where-the-globalized-satanic-pedophilia-network-thrives-like-no-other
He's not the only one...
Throw a stone in the house of Presidents and hit a Satanist.
The house of cards is crumbling. Soon to be destroyed.