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The Dollar Cannot Be Devaluated and Sucidal Bankers

- Hugo Salinas Price - Plata.com

West swindled China once already in 19th century by demonetising silver and dumping most of world's silver reserves on China. This was the point where gold was introduced as the single storage of value. It appears it is the time for iridium, palladium, polonium, plutonium :)? I believe the single storage of value is engineer, and this is where China beats the rest of the world, not only West, with their hands down. When your planes fall without assistance, when you cannot finish your aircraft carrier, it's time to say goodnight.

Commented 3812 days ago

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Beginning of the headline :The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in 1933, the dollar was devalued to 1/35th of an ounce of gold. The last opportunity for devaluing the dollar took place in August 1971, when the dollar was still pegged at 1/35th of an ounce of gold. Nixon took the advice of Milton Friedman and made the worst mistake in history; Nixon did not devalue the dollar as he should have done, but simply took the US off the gold standard, such as it was, and thence forth the US refused to redeem dollars held by Central Banks around the world at any price... Read More

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