The Federal Reserve: Public Enemy Number One - lewrockwell.com
Excerpt from this article:
The US dollar was backed by gold as recently as 1971. Any central bank in the world could present the Federal Reserve $35 and receive 1-ounce of gold in exchange. However, on August 15, 1971...President Nixon 'temporarily' broke the dollar’s last link with gold...Since then, the system of credit in the US has been under the Fed’s complete control. Unsurprisingly, without the natural braking action provided by gold, the value of the dollar has collapsed and the ensuing 45 years are the most crisis-ridden period in American economic history.”
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Recommended reading:
The Creature From Jekyll Island: A Second Look At the Federal Reserve, by G. Edward Griffin
None Dare Call it Conspiracy, by Gary Allen (1971)
Excerpt from this article:
The US dollar was backed by gold as recently as 1971. Any central bank in the world could present the Federal Reserve $35 and receive 1-ounce of gold in exchange. However, on August 15, 1971...President Nixon 'temporarily' broke the dollar’s last link with gold...Since then, the system of credit in the US has been under the Fed’s complete control. Unsurprisingly, without the natural braking action provided by gold, the value of the dollar has collapsed and the ensuing 45 years are the most crisis-ridden period in American economic history.”
------------------------------------
Recommended reading:
The Creature From Jekyll Island: A Second Look At the Federal Reserve, by G. Edward Griffin
None Dare Call it Conspiracy, by Gary Allen (1971)
