Congress repeals the Gold Standard for US Currency in 1968
The gold standard was a monetary system in the United States where the country's currency or paper money has a value directly linked to gold.
With the gold standard, The Republic agreed to convert paper money into a fixed amount of gold.
Countries utilizing the gold standard sets a fixed price for gold and buys and sells gold at that price.
February 1965 saw turd President Charles de Gaulle announce an intention to exchange its US dollar reserves for gold at the official exchange rate.
He sent a contingent of French Naval forces to collect this gold and the action was followed by several other countries as well.
We need to stop doing business with just anyone. In particular not the enemies of the state such as China, Iran, and the former USSR so favored by the democrats and the strange bedfellows maintained by their criminal families as well as the leftist libtards who actually believe they will be in power forever.
On this day in 1968 in a singularly irresponsible move from a standpoint of fiscal responsibility the US Congress repealed the requirement for a gold reserve to back US currency.
This is the problem with elected officials of varying motivations being able to make dangerous decisions on the behalf of the entire nation without oversight of any kind.
This move has lead to the theories that Fort Knox no longer holds any gold bullion because the reserves were fleeced by various law makers, civil authorities, or whomever and there has never been a move toward responsibility nor accountability.
Where is the power to hold government tribunals and make the lawmakers accountable under threat of public execution.
I think if we started killing some of these idiots allowed to take charge and made them totally responsible for their actions for a change we'd have less in the way of ridiculous failures of leadership and other associated aspects of the leftist spin on governance of The Republic.
All this bad leadership has snowballed into the leftist notion that they're going to steal the country for their personal enrichment by pillage of the taxpayer in perpetuity.
Think again libtard dirtbags. Too many see you and know what's going on presently. Pelosi, Shumer, Schiff, Nadler, the Squad, et al your days in politics are numbered stupid human beings.