Quote:
Originally posted by KRL
Let you in on a little secret. You know those greenbacks you think are really backed by something and worth more than the paper they are printed on?
Nixon took the country off the Gold Standard in 1971.
Prior to that each dollar had guaranteed convertibility into gold bullion sitting in Ft. Knox upon demand.
So anyway you look at it, its just paper and nothing more.
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who benefited from what nixon did in 71? what was the purpose?