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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.