i can clearly remember when this happened and even where i was when i heard the news that we had just gone off the gold standard.
We'll, i didn't know diddly about gold, dollars or trade for that matter. But my friend at the time happened to have a PHD in statistics and she understood the implication. Karen R. remarked that i should remember this day as it will prove to be a turning point for people in general.
And as well accelerate the transfer of wealth in the nation to the very wealthy.
Seems she was right about all of that and hands down.
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