A great
article from Zero Hedge.
Authored by Hugo Salinas Price via The Burning
Platform blog,
The last dollar devaluation took place under
President Roosevelt in 1934, when from being worth 1/20.67th of an
ounce of gold in 1933, the dollar was devalued to 1/35th of an ounce
of gold.
The last opportunity for devaluing the dollar
took place in August 1971, when the dollar was still pegged at 1/35th
of an ounce of gold. Nixon took the advice of Milton Friedman and
made the worst mistake in history; Nixon did not devalue the dollar
as he should have done, but simply took the US off the gold standard,
such as it was, and thence forth the US refused to redeem dollars
held by Central Banks around the world at any price.
Since August 15, 1971, the dollar can no longer
be devalued.
I have copied approximately 15% of the full
article.
Link to the full article:
Now, here is the part that should freak
everyone out, at least those of us who are sane and love life…
When serious problems for the dollar
surface – as they surely will – and the US has little or no gold
to fall back on, the US with its back to the wall may become a very
dangerous entity in the world. Would it be possible for those running
the US to loose their heads and decide for a suicidal nuclear war in
response to a desperate economic situation? Does the destruction of
the whole world matter to men about to take their own lives? Do
suicidal bankers worry about the fate of the world?
Do suicidal bankers worry about the fate and
well being of the world??
All wars are bankers wars.
I am guessing that a suicidal person does not
care about anyone.
Nikola Tesla
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