30 votes

40 Years Ago Today: The Day Nixon Created Ron Paul - August 15, 1971

This video shows Nixon announcing that the dollar will no longer be backed up by gold in international transactions. The alarming event sparked the political career of a doctor named Ron Paul.

Nixon Ends Bretton Woods International Monetary System:


Source: http://silvergoldsilver.b...

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

It pisses me off how "fake" the speech really is

I wish those who still believe in our "system" would listen to all these bullshit speeches from previous politicians.
Sure the SPEECH sounds good to the normal folk odds are who listened BUT if they would have read in between the lines and understood what it meant, I would hope more people would have fought against it.

The sad thing is, what American during that time would have listened to that and thought of ANYTHING bad about the speech,

Stabilize the dollar
allow things to be "cheaper" if bought here (buy american pitch)
if you buy foreign it will COST more

Its sad how easy it is to trick such a large nation like they do day in and day out. The biggest lies are easiest to stomach around America I suppose.

http://shelfsufficient.com - My site on getting my little family prepped for whatever might come our way.

http://growing-elite-marijuana.com - My site on growing marijuana

Here is some background information

Keynes celebrates the end of the Gold Standard http://www.youtube.com/watch?NR=1&v=U1S9F3agsUA we passed the magic gold price that sinclair said was the end of public trust in paper money. maybe next year we need to have a 1st anniversary of the demise of fiat money.

smithsonian agreement collapses-gold ownership


In August 1971, President Nixon unilaterally ended the Bretton Woods international monetary system of fixed exchange rates. In December 1971, the Smithsonian agreement was reached, establishing new fixed exchange rates with a devalued US dollar. Thirteen months later, the Smithsonian agreement began to collapse. Once Nixon ended Bretton Woods, the official role of gold in international monetary affairs was de facto ended. However, a kind of pretend relationship between the dollar and gold persisted on paper. Private gold holdings in the US has been banned in 1934 when President Roosevelt raised the official price of gold to $35/oz. With the Smithsonian collapse, whatever rationale there had been for banning private gold holding ended and the law was changed. The first clips shows the early collapse of the Smithsonian system and Congressional desire for flexible exchange rates. The second shows the failure of an attempt to stabilize the dollar in that period. And the third shows resumption of private gold ownership.

fdr ends gold standard in 1933 http://www.youtube.com/watch?v=3_ex0sTsb_I

Good addition to the topic.

The videos are very interesting to see. Propaganda wasn't so sophisticated back then. Most people today probably wouldn't be fooled by any of it.

It's like a constant battle between the bankers improving their propaganda and people's access to information and understanding.

That same year the Libertarian party was founded

It may be interesting to note that the Nixon position on gold and his wage and price controls was the impetus that caused a number of Republicans to leave the party and create the Libertarian party

Wage and price controls and de-linking gold from the dollar resulted in a huge increase in inflation and high interest rates later in the decade. The banking practice of borrowing short and lending long caused the collapse of the savings and loan banks. Anyone see a pattern here?

Today also marks...

The defection of Conrad Schumann.


Huffington Post says RP is the new mainstream

on Paul, once seen as a fringe candidate and a nuisance to the establishment, is shaping the 2012 Republican primary by giving voice to the party's libertarian wing and reflecting frustration with the United States' international entanglements.
The Texas congressman placed second in a key early test vote Saturday in Ames, coming within 152 votes of winning the first significant balloting of the Republican nominating contest. Rep. Michele Bachmann of Minnesota won the nonbinding Iowa straw poll, but Paul's organizational strength and a retooled focus on social issues set him up to be a serious player in the campaign kEEP READING: http://www.oakparkrepublic.com/2011/08/huffington-post-ron-p...

Advocating Liberty all the time http://tinyurl.com/4yhzbjo

To suspend "temporarily" the convertibility...

of the dollar into gold. Another example of a permanent "temporary" government action!

good call...

These criminals are very skilled liars!

RON2012PAUL...The r3VOLution continues...
"I always win"
+GOLD and SILVER are money+

That's exactly what I was going to say.

Nothing more permanent than a temporary government program.

great find

Thanks for posting.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Nixon didn't create Ron Paul

Nixon disturbed Ron Paul.

The only thing Nixon created was a disaster.

Hahaha! I love the title of

Hahaha! I love the title of this post.

"We don't need a Department of Energy; we need a Department of Freedom" - RP
"We need to defend liberty.. and liberty!" - RP

Glad you liked it. I think

Glad you liked it. I think the mods changed it a little bit but thats fine with me. I like the new title better.It was the day nixon created ron paul. It could also have been the day nixon created the tea pary. lol btw i cant seem to edit it. so i will add this below. I hope the media makes a big deal out of this anniversary and re-airs the nixon video. Needless to say Ron Paul ruined the anniversary before it got started.

'The most popular show at the time....

“...was a western show called, ‘Bonanza’. If you are too young to remember Bonanza, it would be kind of like American Idol today, it was the number one show in America.

Nixon goes on the air and he interrupts Bonanza, again it would be like the President coming on with a special announcement nobody was prepared for in the middle of American Idol, he’s (Nixon is) sitting at his desk and there is an American flag in the background and he says three things:

He said first of all I am imposing national price controls because there was an inflation problem in the United States at the time. The second thing he said was I am putting a 10% surtax of imports on all imported goods coming into the United States. Then about 10 minutes into the speech, very much en passant, he said, ‘Oh by the way we are suspending the convertibility of dollars into gold’ and he immediately went into this Nixonian rant about speculators.

He acted like the wounded party, he said, ‘I refuse to let the American dollar be held hostage by speculators and we are going to make sure these speculators never do our economy harm. So we are going to make it impossible for the speculators to profit by shutting the gold window’. He made it sound like he was doing everyone a big favor.

So it was very interesting, there were three earth-shaking announcements. Can you imagine any one of those three things going on today? President Obama or any President saying he was going to impose nationwide price controls, or all Chinese goods would have a 10% surcharge. It would be cataclysmic, yet Nixon did both of those things. Plus (Nixon) took us off the gold standard, so it was quite a dramatic speech.

In a strange way he did us all a favor by making sure we (the US) held on to the gold. So I do think the United States is in a position to revalue the currency using gold to that $7,000 level. That will obviously be a huge benefit to all of the people who invested in gold because they are going to be along for the ride, along with the United States when that gold goes to $7,000.”

Mod feel free to include this in the post or edit it. thanks.

$7000 gold

will be here soon, I agree, but by the time it hits 7k, that 7k will likely be the new 3k, or thereabouts... holders of metal WILL profit hugely, but not as hugely as is intimated by denominating in Federal Reserve Droppings.

This is one of the reasons that RMN is still one of my "favorite" US Presidents of the 20th century. He probably did more (between this and Watergate) to inspire DISTRUST of FedGov than any other inhabitant of the White House... until, at least, the advent of the current Bu'ushist Regime (1989 to present), now into it's sixth quadrennium (Labra lege!)

dynamite anthrax supreme court white house tea party jihad
West of 89
a novel of another america

great Information, ruckmanite

my husband and I were just talking about this last night.

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

thanks you make me feel like

thanks you make me feel like im pulling my fair share of the weight around here.