The argument over what that decision ultimately cost has never really ended. Domestic inflation, already rising from the mid-1960s, was being exported through the fixed-rate system and intensifying pressure on the dollar. The final trigger came in early August when Britain requested roughly $3 billion in gold “cover” for its dollar holdings, following earlier French […] The post Nixon Abandoned the Gold Standard: Both Sides of the Coin appeared first on StoneZone .
The argument over what that decision ultimately cost has never really ended. Domestic inflation, already rising from the mid-1960s, was being exported through the fixed-rate system and intensifying pressure on the dollar. The final trigger came in early August when Britain requested roughly $3 billion in gold “cover” for its dollar holdings, following earlier French conversions. On the weekend of August 13–15, Nixon and a small group of advisers met in secret at Camp David and chose to act. Closing the gold window was necessary. It ended the Bretton Woods system that had governed international money since the end of World War II and launched the modern era of pure fiat currency. A brief attempt to restore modified fixed rates…Open
The mastermind of the modern Federal Reserve passed away at 100. The post The Bubble Architect appeared first on The American Conservative .
Politics The Bubble Architect The mastermind of the modern Federal Reserve passed away at 100. (Photo by Diana Walker/Contour by Getty Images) Alan Greenspan was the first celebrity Federal Reserve chair. Everyone knows “Tall” Paul Volcker for the macroeconomic (and literal) giant he was, but Greenspan was the first true celebrity chair. He served in various roles under six presidents, Bob Woodward wrote a book about him in 2000, He was hailed as a “rock star,” and everyone knew him as “the maestro.” Just before the financial crisis he helped to bring about, 6 in 10 Americans expressed confidence in…Open
Christopher Nixon Cox, grandson of President Richard Nixon, and Ashley Reagan Dunster, granddaughter of President Ronald Reagan, joined “America Right Now” to discuss the legacies of their grandfathers, their vision for America’s future success, and how they connected with the working man and the silent majority to help unite a divided nation.
Tonight on Katie Pavlich Tonight, major rulings released from the Supreme Court on the last day of their term. Madi Kenyon, the athlete who brough the case to SCOTUS, discusses their ruling that states can ban trans athletes from women’s sports. Plus, why Justice Samuel Alito says SCOTUS ruled incorrectly regarding birthright citizenship. Democratic Socialism stretches to the West, as Melat Kiros may win a Congressional seat in Colorado. Vice President JD Vance’s comments about Watergate are sparking a new debate about President Nixon’s legacy, and a hearing on MK Ultra is coming back to Capitol Hill. Air Conditioning is under attack in Europe, with the UK ripping it out of homes during a historic and deadly heatwave. Plus,…
Vance, who said he “always liked” Nixon, drew parallels between the former president and what he described as the “deep state” actors trying to take down President Trump.
Chris Cuomo and Katie Pavlich discuss JD Vance’s comments on Watergate and broader political issues on NewsNation's "CUOMO" Chris Cuomo hosts "CUOMO," a no-nonsense show featuring the day's most important news from all perspectives. "CUOMO" airs weeknights at 8p/7C on NewsNation. #CUOMO NewsNation is your source for fact-based, unbiased news for all Americans.
The vice president said that the scandal that ended Richard Nixon’s presidency would be “like a 12-hour news story” if it happened today and that the “deep state” had taken down Nixon.
