Home Forums Hunting & Shooting Hunter's Campfire Fort Knox is Empty (the Gold's Missing)...

Curdog

For this position to be valid, your assertion/premise that others are unaffected by a transaction by two persons must be true...which, sadly, it is not.

For example, if one produces widgets at a cost of $1 and sells them to customers for $1.50 this pricing will affect another person whose cost to produce the same widget is $10.

Essentially, supply and demand economic systems stem from the consequences of other peoples transactions on you.

Hard to imagine the U.S. dollar becoming useless while other currencies hold their worth.

The Gnomes of Zurich MUST have a currency to peg gold's value to, or the whole shebang comes crashing down.

Those here who have access to The Documentary Channel on Direct/Cable/Dish, etc. might enjoy watching; "The End of The Road Or How Money Became Worthless".

It'll give ya some things to think about. Maybe give you heartburn, too. It's worth your time to view.

The thought of you reproducing with beautiful women is pretty scary, but if you can afford to trade a pound of gold for a loaf of bread, I guess anything is possible.

You're mistaken. FDR did three things with regard to gold, 1) He devalued the dollar in relation to gold (i.e., an ounce of gold went from being fixed at $20.00 to being fixed at $35.00 US), 2) he deprived Americans of the lawful ability to redeem their currency for gold, and 3) he required that Americans exchange their gold for US currency (this before devaluing it). The US dollar remained, however, fixed to gold at $35.00 per ounce, and anyone other than an American citizen could redeem US currency for gold, thus it was linked to gold. Nixon was the one who delinked our currency from gold, closing the international gold exchange window, permitting gold and the US dollar to fluctuate independently of each other and permitting unlimited inflation of US currency through the Fed.

Hawk we have a few here who don't recall those 'great Nixon' yrs. Wage and price controls, uber inflation and from those gave us the great savior of mankind,,,,,jimmah cartuh.

That's something I will never be able to understand. Re Nixon and gold delinking.

Look at the massive power it gave the fed and gov and where we sit now...should give you the understanding you seek.

Yep, he was a leftist nightmare all around.

I never considered him in the same boat as the other traitors.

He had to. Due to all the spending the US was embarked on for the Great Society, Medicare, the wars in Southeast Asia, the Cold War, etc., the US was forced to print currency way out of step with our ability to back it with available gold. The holders of US currency around the world began to catch wind of this fact and rushed to redeem their US notes for gold at $35.00 per ounce, seeing the writing on the wall. When our supplies of gold started reaching critical lows, Nixon was advised that our stockpile of gold would soon be completely gone if he didn't delink. Of course his authority to do that is nowhere in the Constitution, which requires gold and silver money, and the correct thing to do would have been to pull back from our socialistic and world dominating course, but those who would rule us, and who essentially "ran" Nixon, had other plans.

Why?

ETA: Is it because he had the appropriate letter behind his name?

Glad to have you back, Mike.

Read None Dare Call It Conspiracy.

Ok, now I understand. Why couldn't he have let the value of gold rise?

Thanks for the information, TRH.

You, too, JC.

The value of gold stays pretty much the same. It's only the value of the currency that can fluctuate through changes in where it's linked to gold, or via delinking it.

As TRH stated there was a run on gold... allowing the value to rise while the run was occurring would have just emptied the coffers more quickly. Plus the US would have still had to buy gold at that increased price to back any new currency printed.

Thus artificial manipulation of the price of gold wouldn't fix the problem. The only answer was to erase the link to gold, allowing for the free printing of money and massive government.

Do you think the powers that be too over before the assassination of JFK?

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http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard
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This will take you to the "Day in History" page mentioning and expainging FDR taking the U.S. off of the gold standard in 1933!
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Here is a copy of it!
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Jun 5, 1933:
FDR takes United States off gold standard


On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.

Soon after taking office in March 1933, Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.

On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve's balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.

They've been exerting power over the US through banking and command of massive wealth since the beginning to one extent or the other. The level of their power over us politically has fluctuated a lot, but they really got a strong foothold over us in the year 1913 in which the Sixteenth and Seventeenth Amendments were "ratified," and the Federal Reserve Act and Income Tax Act were passed. Wilson was their man, as was FDR, and most presidents since, to one extent or the other.