Rex Kickass Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(YASNY @ Oct 15, 2007 -> 03:07 AM) I don't know. I'd be inclined to blame those in charge when we went off the gold standard and put the Social Security fund into the general fund. Wasn't that Nixon? Link to comment Share on other sites More sharing options...
YASNY Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(Rex Kicka** @ Oct 15, 2007 -> 09:19 AM) Wasn't that Nixon? You may be right. It doesn't matter which crooked party the individual in charge came from. It might have been LBJ though. Who controlled congress back then? Link to comment Share on other sites More sharing options...
Texsox Posted October 15, 2007 Author Share Posted October 15, 2007 IIRC it was during the early 70s when foreign banks were demanding payments on US debt. Nixon made a number of changes that caused problems. I'm certain Kap or SS could fill in the blanks if they are reading this thread. Link to comment Share on other sites More sharing options...
southsider2k5 Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(Texsox @ Oct 15, 2007 -> 12:22 PM) IIRC it was during the early 70s when foreign banks were demanding payments on US debt. Nixon made a number of changes that caused problems. I'm certain Kap or SS could fill in the blanks if they are reading this thread. Don't get me started on the dinosaur that was the gold standard. Rest in peace, please. Link to comment Share on other sites More sharing options...
kapkomet Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(southsider2k5 @ Oct 15, 2007 -> 05:32 PM) Don't get me started on the dinosaur that was the gold standard. Rest in peace, please. That was indeed a bit "old school". Welcome to Doha! Link to comment Share on other sites More sharing options...
Rex Kickass Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(YASNY @ Oct 15, 2007 -> 12:01 PM) You may be right. It doesn't matter which crooked party the individual in charge came from. It might have been LBJ though. Who controlled congress back then? I'm just asking. I know Nixon pulled us off Bretton Woods but is that the same as the Gold Standard? Link to comment Share on other sites More sharing options...
kapkomet Posted October 15, 2007 Share Posted October 15, 2007 QUOTE(Rex Kicka** @ Oct 15, 2007 -> 08:57 PM) I'm just asking. I know Nixon pulled us off Bretton Woods but is that the same as the Gold Standard? Yes. Link to comment Share on other sites More sharing options...
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