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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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[–] • 2 pts

Individuals were cut off from gold in 1933, Nixon closed off domestic banks and other national reserve banks when he was in office. Honestly, there wasn't much of a choice because the dollar was worth a lot less than the gold and silver that the US claimed they would redeem it for. Basically, other reserve banks were making a run at the US treasury because they knew the Fed didn't have enough gold and silver to back up all the notes they'd printed.

In theory, Nixon could have slowed down redemptions, drastically cut spending, and started purchasing crazy amounts of gold and silver. And setting off a massive depression. I doubt anyone seriously considered that option.

[–] • 1 pt

Only because he was weak. He should have hauled in everyone who was involved in printing currency that exceeded the precious metals behind it and started trying them for theft.