August 15, 1971 – The Beginning Of The End For US Hegemony
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August 15, 1971 – The Beginning Of The End For US Hegemony
Authored by Matthew Piepenburg via VonGreyerz.gold,
Fifty-four years ago (August 15, 1971), Nixon took the USD off its gold standard, thereby officially putting the final nail in the Constitutionally mandated concept of US money.
But hey, at least the Constitution can still serve as a nice museum piece for kids to walk past.
Lies from on High
Back in 1971, the lies from on high (which are nothing new to any sophisticated and critically thinking citizen) were at full swing.
Nixon got on live TV and promised us the decoupling was “only temporary” (sound familiar?) and that “your dollar will be worth just as much tomorrow as today.”
But the fibbing did not start or end there.
Prior to the decoupling of August 15, the Treasury Secretary and Fed officials were making the case that gold was actually holding the dollar down and that decoupling gold would strengthen the dollar going forward, while gold’s value would, in fact, fall.
Hmmm.
Facts from Math…</h