Fuck Nixon like the dirty bitch he is.
He took the US dollar off the gold standard, giving us the petrol dollar fiat currency BS. Saudi's agreed to sell their oil only for US petrol dollar in exchange for the use of the US military, at their service.
There isn't enough Gold and Silver on the planet to support a 'gold dollar' any more and hasn't been in 2 generations.
The fantasy that 'if we had a gold dollar' the world would be all unicorns and fairy dust is just that.
Not even sure why we bother with Ft. Knox 'reserve' any more. It wouldn't run the government for a week.
Our currency is based on our stable government, industrial/capita/earning capacity. And a belief that investment in America is safe and protected (unlike 90 percent of the world where it is subject to corruption, seizure, crony capitalism, etc.) Ruin that trust by, say, shipping industry to China, pushing outrageous regulations on business/ag, sequestering our national resources in the name of a 'Green' Agenda, stealing IP, running crony capitalism in all kinds of sectors especially auto and energy, stolen elections, politicians getting rich on graft, printing endless trillions to give away... Ruin that trust and our currency is gone and could happen overnight. Right now our Debt and GDP numbers still 'allow' the currency to be trusted. For now. Not going to take much longer, however, before the tipping point is reached. And all the 'gold reserves' in the world won't help.
And where will the money come from? Inflation that wipes out savings and value of all but physical assets (and destroys those as assets when they become unaffordable -- think million mark loaf of bread in Weimar.) Then your economy crashes and stays crashed like it did in Japan in the 1990's.
Hummmmmm.... Sort of seems like 'someone' wants to crash our economy in a spectacular fashion. And knows exactly what levers to pull to get it there. Who could it be... Who's done it repeatedly and has said that his life's Goal is to Destroy America's Economy. Nope, not the Kalorama half-breed. Might be someone... pulling the strings. Who could it be...
Anyway, the Gold Standard was an anachronism long before Nixon Nixed it. He was a douche and a prick and not likeable, but he was a skilled politician and if the left had not wanted to destroy him for prolinging Vietnam... and if he had not been a complete idiot covering up Watergate instead of saying "Oops, my people did a bad things. Sorry. Let the justice system work, I won't contenance this kind of thing in my administration..." He let his paranoid self destroy himself... with a cheerleading press who have tried to destroy America One piece at a time for the last 50 years. Little Jr. Activist Woodward and Bernstein Wanna-be's who think it's their job to lord over us in newspapers, on NBC, Fox and CBS, and their little streaming BS.
Nixon was an asshole. He fucked up. But he did not ruin America over the gold standard!
Sirhr