Inmate Central

Nixon wasn't the only President embroiled in the Gold Standard...

47.147.208.212

TWB

In Reply to: RE: Financial scammers? posted by pictureguy on March 08, 2021 at 15:16:14

there was another..... I'm going to say that THIS is NOT being taught in schools......
Executive Order #11110 and JFK (Open in New Window)

Follow Ups:

RE: Nixon wasn't the only President embroiled in the Gold Standard... - pictureguy 17:45:20 03/08/21 (1)
Don't doubt for a microsecond that others took part in this 'change'

But for the record and for the few curious types, Here's RMN himself delivering the news.....
Too much is never enough
- https://www.youtube.com/watch?v=ye4uRvkAPhA (Open in New Window)
- Thanks for posting that!.... - TWB 18:54:06 03/08/21 (0)
  I was a mere young teen when all that happened, and I can say that I really did not pay much attention to it at the time. I've recently had an interest in Nixon and have been reading and watching various books, videos and films regarding him... I really need to make it over to the Presidential library one of these days when we finally open up here. It's only about 25 minutes away....
  
  Edits: 03/08/21
RE: Nixon wasn't the only President embroiled in the Gold Standard... - rivervalley817 17:37:10 03/08/21 (1)
that only affected silver TWB not gold ... it's not a very long EO

here's the nuts & bolts of it:

'The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption,"

Reagan revoked it with Executive Order 12608

so there's a reason it's not taught in schools about Nixon taking the US off the gold standard ... JFK was 'embroiled' in the Silver Standard

if you'd like to know why browse around the Silver Institute ...

[hint: electronics / space race]

regards,
- https://www.silverinstitute.org/silverprice/1950-1960/ (Open in New Window)
- RE: Nixon wasn't the only President embroiled in the Gold Standard... - pictureguy 17:48:34 03/08/21 (0)
  In ABOUT '67 or '68 I had 100 silver certificates which I sold for 1.60$ EACH the day before that was no longer an option.
  I was a little capitalist, having my PAPER ROUTE money given to me as much as possible IN Silver Certificates! The agency helped me a lot in my little venture.
  
  I'm waiting for the Spot Price of silver to hit 30$+ per troy.
  Too much is never enough

Post a Followup:

FAQ

Post a Message!

Forgot Password?

Moniker (Username):
Password (Optional):
	Remember my Moniker & Password (What's this?) Eat Me
E-Mail (Optional):
Subject:

Message:	(Posts are subject to Content Rules)

Optional Link URL:
Optional Link Title:
Optional Image URL:
Upload Image:
E-mail Replies:	Automagically notify you when someone responds.

To view your new posting or follow-up, click on the RELOAD or REFRESH button on your browser.

This post is made possible by the generous support of people like you and our sponsors:

Kimber Kable