"We have gold because we cannot trust governments," President Herbert Hoover famously said in 1933 in his statement to Franklin D. Roosevelt. [1]


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Timeline

1971: Nixon announced that Americans will no longer be able to convert US currency to gold (final step in eliminating gold standard). Due to this move, USD value started to death spiral [2]

1971 - 1973: Nixon declares a "War on Drugs," DEA created, federal funding dramatically increased [3]

1971 - 1973: USD officially becomes backed by oil [4][5]

1973: Abortion legalized nationwide [6]


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Theory



Yet another government manufactured crisis to get USD backed by oil was to cause USD value crash by removing the gold standard. Oil is a valuable commodity that doubles as a political weapon.

While the US has nothing else that is stable to offer, enter drugs and organ trafficking.

The "War on Drugs" is absolutely not what it sounds like. I'm sure all of you smart people are aware that petty drug crimes have contributed to excessive prison terms and increased incarceration. Together with the DEA to handle domestic drug cases presumably to prevent competing drug dealers against the US government, CIA takes the cake for securing foreign drug trafficking.

See Myanmar and Afghanistan, the 2 largest contributors to heroin production in the world raking in 10s of billions yearly from the heroin trade. What occurred recently in those 2 countries? Taliban retook control of Afghanistan, making it a death sentence for heroin production/distribution. There is sufficient anecdotal first-hand testimony that the CIA, once having maintained control over the Afghan government, was paying and arming locals to harvest and protect the poppy fields. Similar story for Myanmar where the military intervened to cease corruption.

Abortion, it pushes peoples buttons and was illegally forced on every state in the 1970s. Abortion has been relentlessly pushed on Americans as a hot political topic of debate. Regardless of your feelings about abortion, it has nothing to do with women's rights. Planned Parenthood testimony, under oath and which can be watched on youtube, provides valuable insight into the real mission of Planned Parenthood. In testimony from one experienced worker, admitted the organization sells fetuses. In another testimony, an experienced worker described dissecting fetuses while their hearts are still beating. Apparently there are pictures of these dissections which I havent seen, but other medical professionals have commented on those pictures noting extreme malpractice.

Planned Parenthood receives $100s of millions of taxpayer funding every year and their practices remain shrouded in mystery and manufactured divisiveness. Reports out of Ukraine show hospitals snatching and harvesting new borns but of course the hospitals deny it. Ukraine is the largest stem cell research entity in the world.

Bottom line: USD is backed by oil and the drug and organ trade. Countries are starting to move back to the gold standard, large criminal drug enterprises are being shutdown, with the recent SCOTUS leak that may inadvertently, along with other potential future Planned Parenthood disclosures and discoveries in Ukraine, lead to Roe v. Wade being overturned and the power returning back to the states to decide their own abortion policies.

There is certainly much much more that can be discussed about USD being backed by those 3 commodities, I tried to provide the reasonable gist of the matter.





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Sources

[1] https://www.investopedia.com/ask/answers/09/gold-standard.asp

[2] https://www.econlib.org/library/Enc/GoldStandard.html

[3] https://www.aei.org/carpe-diem/the-shocking-and-sickening-story-behind-nixons-war-on-drugs-that-targeted-blacks-and-anti-war-activists/

[4] https://en.wikipedia.org/wiki/Petrocurrency

[5] https://www.benzinga.com/generallifemisc/movers-shakers/11/05/1109185/forget-the-gold-standard-the-world-has-had-an-oil-backe

[6] https://supreme.justia.com/cases/federal/us/410/113/#154


Other Sources

https://archive.ph/EcVaE

What makes the dollar to have gone down the death spiral? Inflation happens no matter what where there is money. Monetary policy is the prevailing school right now and this is correct (IMO).

Why would be base it off of gold? That is so trivial. We can't make it and there is a finite amount of it. Why would we agree as a society to have a finite amount of resources as a self-restriction?

Why not use gold for what gold is useful for, instead of trying to lay on big giant piles of it and guard it like some shitty personified dragon?

Wouldn't oil be more rational than gold since it is much more useful and in demand all over the world?

What about grain or rice?

What is this gold fetish some people have? I get it with Mr. T...he gold gold chains to reflect the chains of his ancestors who were slaves, but gold to show that he wasn't a slave anymore, like he wore his hair like a Mandinka warrior and called himself Mr, because you can't call someone boy whose name is Mr. But with you? Why the gold fetish?

Marijuana, alcohol, opium, oil, grain, rice, gunpowder, brass, steel, would all be better values of worth.

Wampum.

Right now the dollar is backed by the monopolization of violence held by the state and I can't imagine a more powerful thing right now.

The Planned Parenthood stuff is tinfoil stuff. Most of their money comes in grants and grants are meticulously accounted for and spent on certain things.

Guild: Anal. Buttfucking is weird IMO. All you kids are eating ass and buttfucking I don't know wtf is wrong with you all lol. Jesus I'm old.

This post was edited by Skinned on May 5 2022 04:47pm

Endless printing (which is enabled by world reserve currency status) hurts the small individual and helps whoever gets to line up at the trough first. Hint, that's not you, or me. Only the politically-entrenched and their owners. We have to earn relatively tiny amounts of dollars which we hope retains their purchasing power. When it doesn't, that's a form of theft. You.... actually think the fed has your best interests at heart?

Absolutely, I agree that monetary policy should be careful. I would say a large part of this inflation we're experiencing is a result of stimulus and giving so much money away during the pandemic. Kind of a back end whiplash. People just start raising their prices when demand goes back up though. And capitalism isn't left to its own devices so stuff is stuck everywhere logistically which is another driver. I view the second part as temporary and the first part as a one time shot that people really needed in the moment by we're paying for now.

I don't know why they would give me a stimulus and give me a tax bill in the same year. It honestly seems schizophrenic. We are going to have a very good year this year so its going to be much worse. One reason I like Republicans is that my wife and I pay a lot less in taxes when they're in office. But it seems like the country gets shittier and I see way more people standing on corners asking for money and you see more old people working in fast food.

But the anti-democratic bias of capitalism being inherit is something I'm familiar with. I'm a long-time supporter of Bernie Sanders.

I'm not sure what Shakti is saying about Ukrainian baby smuggling being related to gold, I don't get it, but Ukrainian baby smuggling is definitely out of my locus of control and not something I can act on. I've been struggling more with buying meat I know is from mass murder places rather than actual farming which is something in my locus of control.

This post was edited by Skinned on May 5 2022 04:59pm

Yet more word salad garbage we need a translator to understand.

FDR in 1933 eliminated Americans' ability to convert dollars to gold.

Nixon in 1971 eliminated foreign governments' and banks' abilities to convert dollars to gold.

Fetal stem cells have largely been replaced by induced-pluripotent stem cells derived from adult fibroblasts. There isn't much of a market or scientific advantage to using fetal stem cells in this day and age.

I just rub them on my face to fight aging, like an infant can fight Mohammed Ali.

#farnsworth