Afternoon gents!
I do so like a good spar, but without taking any sides(you fellas obviously have "wagons to paint") there is much more to the "presto change-o" from the "Gold Standard" to the federal reserve (standard of nothingness). I cannot catch my afternoon winks without lamenting the same historical facts thereof. Aside of the theatrics posted within that commentary, he is actually correct. That's why in a couple previous posts, I'll call critical, I begged for the return to our once supportive GOLD standard. As far as Kenedy's demise, I'll leave that to God and that day we'll all get to see what really happened?
But as one of you did point out, we really have no choice at this point. That is unless the U.S. monetary system does totally collapse, then we will have a choice hence (the Euro). Economics can be fun unless we are forced to relive and learn from our relatively short history. If China gets it's way, a one world currency is not far off. If we cannot curtail our indebtedness, they just might one day have the power to get it done. Heavens to Betsy, I hope not. Fortunately most of us will be long gone before that might occur. But in all fairness to the one who posted up the history of the demise of the "Gold Standard" it is correct, but way to short to fully grasp the miriad of triggers and entities involved prior to 1934. We actually have one of those new Reserve Notes somewhere around here. I believe our treasurer then was Henry Morganthaw Jr. in 1934. I was surprised he/she didn't list the significance of the particular serial numbers and series. Then there was/is the replacement notes that I believe we still enlist for recovered currency or breakdown? Not sure how it's dealt with any longer. I'm much better with the numbers mix. Have fun but try to be civil.
God Bless.