The gold standard ended on August 15, 1971. That’s when Nixon changed the dollar/gold relationship to $38 per ounce. He no longer allowed the Fed to redeem dollars with gold. That made the gold standard meaningless. The U.S. government repriced gold to $42 per ounce in 1973 and then decoupled the value of the dollar from gold altogether in 1976.
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They are trying to make you worry and fear a government bureaucrat being between you and your doctor. What you have now is a corporate. Dr. Sidney Wolfe of the public interest group Public Citizen.
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