Quote:
Originally Posted by DTK
What are you talking about? The Nixon administration took us off the gold standard in 1971.
|
He didn't say that FDR took us completely off the gold standard. What FDR did was change the value of money and the gold standard. It was the beginning of the end.
"The US left the $20/oz. gold standard in 1932 and changed the it to a $35/oz."