"years ago" - actually MANY decades ago, when the U.S. paper dollar was still backed by and EXCHANGEABLE for GOLD, the scenario LaRouch posited WAS plausible, however, the fiat paper dollar ever since "tricky Dick Nixon" (via his EXECUTIVE Order ), took the U.S.A. OFF the Gold Standard - is backed by NOTHING. THAT fact means that with NO…
"years ago" - actually MANY decades ago, when the U.S. paper dollar was still backed by and EXCHANGEABLE for GOLD, the scenario LaRouch posited WAS plausible, however, the fiat paper dollar ever since "tricky Dick Nixon" (via his EXECUTIVE Order ), took the U.S.A. OFF the Gold Standard - is backed by NOTHING. THAT fact means that with NO exchange for GOLD, any and all "paper" dollars held world-wide would become essentially, WORTHLESS.
As it is NOW, since the Federal Reserve /treasury department has had the paper money printing presses going FLAT-OUT 24/7/365 - FOR YEARS -the actual (worth) of the paper dollar is FAST approaching a NEGATIVE value.
Rumor was, back before Nixon made his 'formal' announcement to de-link the U.S. dollar with GOLD, the Arabs got wind of it and CASHED IN ALL their paper dollar holdings that all but EMPTIED OUT the Fort Knox Gold Reserves Repository.
"years ago" - actually MANY decades ago, when the U.S. paper dollar was still backed by and EXCHANGEABLE for GOLD, the scenario LaRouch posited WAS plausible, however, the fiat paper dollar ever since "tricky Dick Nixon" (via his EXECUTIVE Order ), took the U.S.A. OFF the Gold Standard - is backed by NOTHING. THAT fact means that with NO exchange for GOLD, any and all "paper" dollars held world-wide would become essentially, WORTHLESS.
As it is NOW, since the Federal Reserve /treasury department has had the paper money printing presses going FLAT-OUT 24/7/365 - FOR YEARS -the actual (worth) of the paper dollar is FAST approaching a NEGATIVE value.
Rumor was, back before Nixon made his 'formal' announcement to de-link the U.S. dollar with GOLD, the Arabs got wind of it and CASHED IN ALL their paper dollar holdings that all but EMPTIED OUT the Fort Knox Gold Reserves Repository.