Saturday, July 7, 2012
On August 15, 1971: Great Day in U.S. History
Youtube video below of Dick Nixon opening up a can on the gold lovers, August 15, 1971. By executive order, directing the U.S. Treasury department to make it so that the USD was no longer convertible into gold [Ed: Yaaaaaay!]. Also included is a nice 10% tariff on imported goods in support of employment for U.S. workers for good measure.
In light of the policy advocated by the moron Steve Forbes that Tom has posted a link to below.
What has happened to the GOP since then? If Forbes represents the current GOP leadership (FD: I do not wholly accept that premise) then they will continue to be successfully challenged by Democrats for the middle-class or "labor"vote, which they once enjoyed and/or were at least competitive.
This video shows how there once was a time when they had decisive leadership that stood up for an independent, solely U.S. centric monetary and trade authority that put the U.S. worker first, and were not afraid to step on some mercantilist and gold-loving toes in the process.