|
|
On this, the 40th anniversary
of the Nixon
Shock, you will probably see the video below of Nixon closing the gold
window at some of your favorite sites.
Most will call it a crime
for the purpose of promoting
their expectation of justice defined
as turning back the clock
to the old gold standard. But it
may be more instructive
to think about this momentous occasion, 40 years ago today, as one of the many necessary—yet painful—steps on the long road to Freegold.
So I thought I'd present this same video in a more appropriate context.
Please take the time to understand FOFOA's dilemma if you'd like to grasp the importance
and significance of the long-line
Trail exhibited below:
FOFOA's dilemma:
When a single medium is used as both store of value and
medium of exchange it leads to a conflict between debtors and savers. FOFOA's dilemma holds true for both gold and fiat, the solution being Freegold, which incidentally also resolves Triffin's dilemma.
__________________________________________________________
The Last Gasp of the Failed
Scheme of Government
Price-Controlled Bimetallism
– 1896
The Last Gasp of the subsequent
Gold Standard – 1933
FDR explains the Bank Holiday – 1933
FDR explains the new US gold scheme
– 1933
Birth of the new Bretton
Woods Gold Price-Fixing Scheme
– 1944
Charles de Gaulle foretells a Bretton Woods gold price-fixing scheme crisis – 1965
Nixon closes the US Gold Window – August
15, 1971
The Euro-Freegold project
launches after decades of planning – 1999-2002
Tuesday, January 1, 2002 - Launch
of euro notes and coins
Friday, February 8, 2002 - GOLD ABOVE $300
Monday, December 1, 2003
- GOLD ABOVE $400
Thursday December 1, 2005 - GOLD ABOVE $500
Monday, April 17, 2006 - GOLD ABOVE $600
Tuesday, May 9, 2006 - GOLD ABOVE $700
Friday, November 2, 2007 - GOLD ABOVE $800
Monday, January 14, 2008
- GOLD ABOVE $900
Monday, March 17, 2008 - GOLD ABOVE $1000
Monday, November 9, 2009
- GOLD ABOVE $1100
Tuesday, December 1, 2009 - GOLD ABOVE $1200
Tuesday, September 28, 2010 - GOLD ABOVE $1300
Wednesday, November 9,
2010 - GOLD ABOVE $1400
Wednesday, April 20, 2011 - GOLD ABOVE $1500
Monday, July 18, 2011 - GOLD ABOVE $1600
Monday, August 8, 2011 - GOLD ABOVE $1700
Happy Anniversary!
FOFOA
FOFOA is A
Tribute to the Thoughts of Another and his Friend
Donations are most appreciated, just click
here
|
|
