Business Development For The Service Industry

If you have been studying history and economics, you will remember that in 1971 Nixon took the dollar off of the gold standard, making the dollar into a currency. This allows the dollar to fluctuate, giving the government more control over its currency. It also takes the power away from the hands of the individual and back to the government.

When I first learned of this, it made sense, but i kept asking myself why? I could not figure it out until just recently, while reading a new book, The Secret History of the American Empire. I will post on the book soon as there is lots to discuss, but to hold you for now, I want to share with you the answer as to why Nixon took the dollar off of the gold standard. The answer may surprise you.

Perkins writes:

Although the United States does not tax countries directly, and the dollar has not replaced other currencies in local markets, the coporatocracy does impose a subtle global tax and the dollar is in fact the standard currency for world commerce. This process began at the end of World War II when the gold standard was modified; dollars could no longer be converted by individuals, only by governments. During the 1950s and 1960s, credit purchases were made abroad to finance America’s growing consumerism, the Korean and Vietnam Wars, and Lyndon B. Johnson’s Great Society. When foreign businessmen tried to buy goods and services back from the United States, they found that inflation had reduced the value of their dollars-in effect, they paid an indirect tax. Their governments demanded debt settlements in gold. On August 15, 1971, the Nixon administration refused and dropped the the gold standard altogether.

What are your thoughts on this? Have you read this book yet? Let me know! I’ll be posting on the book soon.

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