Loading ...He was forced to do it, because US Dollars spent in Europe, were coming back to the USA and getting the Gold for $34/oz when privately it was selling for $140/oz. so we had to stop that.
Before that in 1934 when they outlawed the ownership of gold, many people and institutions sent their gold to Europe for storage there. So they or Europe we constantly taking our gold.
After 1971 we cut them off at the knees, they don’t want to lose, so after 1971 they took away our wealth creating tax paying manufacturing jobs away. Which were replaced with wealth absorbing, tax absorbing sales and service of imports jobs.
Hopefully Trump didn’t start too late trying to bring back our manufacturing jobs. Living standards have gone lower ever since 1971, I can remember when we made EVERYTHING here. We lived good and everybody was happy.
Because of me knowing right from wrong economically, I have NEVER bought an imported car and never will.