There never was a silver standard and Nixon took the country off the gold standard—now U.S. currency floats. “Borrow and Spend” increased the money supply past the dollar value of gold reserves, so Nixon took the U.S. off the gold standard to avoid our nation paying the piper, and to allow “Borrow and Spend” to continue.
Doesn’t have to be. When JFKSchlossberg was born,
Teddy called him “Little John” (of Caroline’s boy)
and said, he’s going to be President. As to Camelot:
it was my 20s, but it never was Camelot, just in jargon-land. We did dream BIG though, and some of us are still “at it” as can.
By MarthaA, August 28, 2009 at 9:40 am Link to this comment
gho2t,
“executive order 11110 and HRl207 will never die”
There never was a silver standard and Nixon took the country off the gold standard—now U.S. currency floats. “Borrow and Spend” increased the money supply past the dollar value of gold reserves, so Nixon took the U.S. off the gold standard to avoid our nation paying the piper, and to allow “Borrow and Spend” to continue.
http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_nixongold.html
Report thisBy gho2t, August 27, 2009 at 1:59 pm Link to this comment
(Unregistered commenter)
executive order 11110 and HRl207 will never die
Report thisBy NYCartist, August 27, 2009 at 1:46 pm Link to this comment
Just noticed how diverse the kids in the class are.
Report thisWhere is that?
By NYCartist, August 27, 2009 at 6:47 am Link to this comment
Doesn’t have to be. When JFKSchlossberg was born,
Report thisTeddy called him “Little John” (of Caroline’s boy)
and said, he’s going to be President. As to Camelot:
it was my 20s, but it never was Camelot, just in jargon-land. We did dream BIG though, and some of us are still “at it” as can.
By MarthaA, August 26, 2009 at 7:58 pm Link to this comment
Not the end—- the beginning.
Report this