It’s August 15th – Where Is Your Gold?

by | Aug 15, 2016

When President Nixon closed the gold window on August 15, 1971, he sold it to Americans as a way to recover from the “war economy” of Vietnam and a way to combat inflation. As we know 45 years later, the proliferation of paper dollars has, if anything, made war all the more attractive, giving people the impression that it can be financed with dollars out of thin air. And inflation? While officially it sits at around zero, in fact you would need $594.28 to purchase today what you could purchase for $100 in 1971. The warfare state is driven by the fiat dollar. More on the fateful Nixon decision and its implications in today’s Liberty Report:


  • Daniel McAdams

    Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.

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