DOGE and Trump may be teaming up to reduce government debt by devaluing the dollar and rendering the Social Security Agency nonfunctional. It's like a financial soap opera with a twist of suspense! It is not without a president
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Franklin D. Roosevelt devalued the dollar during the 1930s to combat the Great Depression. He did this through a series of daring moves as if he were a financial Houdini:1. Abracadabra!
1. Abracadabra! Abandoning the Gold Standard tied the dollar's value to a fixed amount of gold. This act allowed the government to control the money supply more freely
2. Issuing Executive Order 6102 in April 1933 required Americans to exchange their gold holdings for paper currency—basically turning everyone's gold into Monopoly money
3. Enacting the Gold Reserve Act of 1934 devalued the dollar by increasing the price of gold from $20.67 to $35 per ounce, turning gold into the new black!
These measures were as controversial as pineapple on pizza but meant to stabilize the economy and get people spending during severe deflation and economic stagnation.
Fast forward to Richard Nixon, who decided to let the value of gold fluctuate like a yo-yo, moving away from the $35 per ounce standard. Talk about a wild ride!
All eyes need to be on this ball; stop a steal before it happens.
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All eyes need to be on this ball; stop a steal before it happens.