Huddled with his top economic advisers in an atmosphere of crisis, President Richard M. Nixon crafted an inauspicious package of policy actions on August 15, 1971. At Camp David, the plan was set into motion to suspend the convertibility of the dollar into gold or other reserve assets, for the first time since 1934. It imposed a temporary surcharge, generally at the rate of 10 percent, on dutiable imports. Prices, wages, and rents were frozen for 90 days, to be followed by a more flexible and durable–but still temporary–system of mandatory controls.”
Forty years later, we are now experiencing violent fluctuations in the world’s stock markets. Will the United Nations want a global currency to replace the dollar. The U.N. said two years ago that it would be the biggest overhaul of the world's monetary system since WWII.
The elites believe that by "replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability. But you will also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund."[1]
It would seem that August 15th was pre-planned by the Wall Street Fascists. It is interesting to note that it will be the 40th anniversary to the day that gold would no longer back the dollar. The number 40 is an important number in numerology.
August 15th is apparently a busy day in history. Although we don't know yet if the dollar will be dropped as the global currency on that day, here are some other things that happened that day in history.
Update:
Merkel and Sarkozy push closer Eurozone ties - 8/15/2011 - Transatlantic Alliance may force U.S. cooperation with European plans to reduce debt and fix their economies.
The Daily Bail - 2/11/11
Marketwatch.com - 7/7/11
Profi-ForEx - 8/13/11
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