He also outlawed the final semblance of real money in the U.S. by removing silver and substituting it with paper backed by oil instead of metal.
Edit: Nixon was no friend to the constitution. Much like Lincoln, he may have done some positive things but the negative he did far outweighed the positive and prolonged our suffering by enabling the bankers to tighten their grip on us.
Silver was out in '64 under LBJ. Copper in '82 under Reagan.
Nixon closing the Gold window was the last gasp of the Gold standard, but only for nations with guns. Really ended when they stole the citizens gold in 1933.
There are still things to hate Nixon for though EPA, OSHA, etc. Also wage & price controls, high fructose corn syrup.
He also outlawed the final semblance of real money in the U.S. by removing silver and substituting it with paper backed by oil instead of metal.
Edit: Nixon was no friend to the constitution. Much like Lincoln, he may have done some positive things but the negative he did far outweighed the positive and prolonged our suffering by enabling the bankers to tighten their grip on us.
Silver was out in '64 under LBJ. Copper in '82 under Reagan.
Nixon closing the Gold window was the last gasp of the Gold standard, but only for nations with guns. Really ended when they stole the citizens gold in 1933.
There are still things to hate Nixon for though EPA, OSHA, etc. Also wage & price controls, high fructose corn syrup.