“The U.S. was now free from the shackles of that barbarous relic. It was high time for gold to get dumped into the dustbin of history. No longer were people supposed to think of it as money. And being that gold’s industrial uses are minimal, its price was supposed to languish until the end of time.   Also of note in 1971, Merrill Lynch went public. It was only the second brokerage firm to do so. That same year, it released its ‘Merrill Lynch is bullish on America’ ad during The World Series.   Oh…and The Nasdaq was also launched in 1971.  So as you can see, Paper Money America was about to be unleashed!”

http://www.economicpolicyjournal.com/2012/10/1971-year-that-nixon-chose-gold-over.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy