HOW GOLD, INFLATION AND GOVERNMENT IMPACT YOU - John Curry - April 1981

John Curry

It is time we understood the relationship between gold, inflation and government. And how they affect you! On August 15, 1971, President Nixon dropped a bombshell that rocked the entire world financial system to its foundations. By executive decree, he cut the dollar loose from gold. He invited foreign banks, governments and private markets to "float" the dollar's value. No longer would the dollar be redeemable in gold by foreign governments as previously, nor would gold be tied to its former price of U.S. $35 per ounce. Look at what has happened since. The price of the precious metal skyrocketed, especially during the invasion of Afghanistan in January and February of 1980. Inflation has jumped to double figures in most industrial countries. The average working man has been caught in a vicious wage - price spiral. A serious sickness in this world's financial systems has set in. - Information Supplied By: Herbert W Armstrong Library