Sunday, 6 May 2018

Fool's Gold...............from Rico

On 15 August 1971, Richard Nixon closed the 'Gold window' at the US Treasury, halting all redemptions of the USD for Gold.
- He said "...your Dollar will be worth just as much tomorrow as it is today..."
I am sure everyone is surprised and shocked to learn that today one Dollar has the purchasing power sixteen-cents had when Tricky Dicky 'temporarily' (he said) stopped backing the Dollar with Gold.
- Of course, the Dollar today is backed by the "full faith and credit" of a bankrupt system instead of Gold, so what could possibly go wrong when Washington, District of Criminals (where talk is cheap and being a lying whore is considered honorable) says "trust me?"

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