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I know why Nixon is unjustly hated, but I don't know if that's the reason for blaming him like the lie that is (((watergate))). But I can't find anything sufficient to explain why Nixon is blamed and not FDR. Gold Standard was effectively ended by FDR.

1933 - Citizens must turn in, can't own gold, gold certificates, federal reserve gold notes or w/e etc. 1971 - Nixon ends the fixed price of gold that cant' really be used because of the above.

If gold's price is fixed by the fed - be honest, it's them - then is there really a gold standard at all from 1933 to 1971? It all seems like smoke and mirrors, gold was stolen from everybody and abandonned in '33.

I know why Nixon is unjustly hated, but I don't know if that's the reason for blaming him like the lie that is (((watergate))). But I can't find anything sufficient to explain why Nixon is blamed and not FDR. Gold Standard was effectively ended by FDR. 1933 - Citizens must turn in, can't own gold, gold certificates, federal reserve gold notes or w/e etc. 1971 - Nixon ends the fixed price of gold that cant' really be used because of the above. If gold's price is fixed by the fed - be honest, it's them - then is there really a gold standard at all from 1933 to 1971? It all seems like smoke and mirrors, gold was stolen from everybody and abandonned in '33.

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[–] • 8 pts

Nixon "closed the window" for redemption of cash into precious metals.

The paper cash that we used prior to Nixon were labeled "Silver Certificates" and they bore wording on their faces that stated to the effect that 'The United States will pay to the bearer in silver upon demand.' All of those bills were recalled, and new paper notes were printed that said "Federal Reserve Note," which is what we have today, backed by absolutely nothing but debt (with interest). This process took a few years before nearly all of the old Silver Certificates were out of circulation. --I still have several old one-dollar-bill silver certificates that have been saved over the years.

[–] • 5 pts

It's backed by violence via the DoD.

[–] • 0 pt

Thanks.

[–] • 5 pts

Yep... ...and I agree with you, I think that although these presidents (FDR, Nixon, et. al) signed off on the decisions, their hands were most likely forced by the power of the Federal Reserve (which is a private entity and not even an actual arm of the Government). -- Then later, when there are bad effects, the presidents can be blamed as a diversion tactic.