https://www.unz.com/lromanoff/the-richest-man-in-the-world/

After the end of the Second War, the world’s major nations arranged what we call the “Gold Standard”, which meant that a country could not print more money than it actually had in gold reserves. This was intended to maintain stability and to avoid any excess printing of money which would lead to inflation and could destroy the international monetary system – as the Jews had done repeatedly in the past. In theory, all international debts were to be settled in gold, but in practice this was cumbersome and inconvenient. Since the US dollar existed in large volume and was – in theory – fully guaranteed to be exchangeable for gold at any time, all nations simply settled their accounts in US dollars. But the faith in doing so was predicated on the promise that any nation could, at any time, exchange its holdings of US dollars for real gold.

The system worked well enough for about 20 years, until by early 1971 the US was under enormous financial pressure from the huge sums it had borrowed to finance its military atrocity in Vietnam. The final straw came when France, not blind to what was happening and concerned about the ability of the US to maintain the dollar’s value, insisted on exchanging all its dollar holdings for gold, as per the agreement. The US gold supply was insufficient to comply, and the FED faced the very real possibility of all nations demanding an exchange. Faced with this pressure, the Jewish bankers unilaterally declared the world’s financial agreement null and void, forced the US withdrawal from its participation in the gold standard, and the FED refused to convert any nation’s foreign dollar holdings into gold. This left all the world’s countries holding countless trillions of US dollars that no longer had any fixed or guaranteed value, but that were sure to depreciate since the US was indeed printing enormous volumes of dollars to finance its Vietnam war. At the time, US Treasury Secretary John Connally told the world, “It’s our currency but it’s your problem”.

Since all nations had accumulated US dollars on good faith but now had no way to dispose of them, they had no choice but to continue using the same US dollar, now of indeterminate value, for all international transactions. This one act of Jewish predatory capitalism imposed a stunning financial penalty upon the world, devastating the values of other nations’ currency reserves. After reneging on the Gold Standard (the Bretton Woods Agreement), the FED continued to print huge volumes of money, sending the Western world into an intense inflationary spiral. From the date of the US default in 1971 to 1981 or 1982, the US dollar depreciated by more than 95%, representing an almost unimaginably huge transfer of wealth from the entire world to the Jews in the FED because all nations holding US dollars suffered that degree of loss in their foreign exchange reserves while US debts remained in heavily-depreciated US dollars, thereby repaying foreign debt at 5¢ on the dollar. In 1971, a fine home in the US cost only $25,000. By 1976, that same home was over $100,000, and by 1983 the price was about $250,000. These prices accurately represent the depreciation of the US dollar during that decade.

The benefit to our favorite Jewish bankers? Well, the gold price in 1971 when they killed the Gold Standard, was about $40 per ounce. Today, that gold is worth $1,700 per ounce. On the other hand, the paper currency that all other governments had to then accept in lieu of their gold, has depreciated by about 95% since that time.

But let’s not lose the main point. It wasn’t the “US government” or the “US Treasury” that made this decision. Rather, it was made for them by Rothschild and the other Jewish owners of the FED and the City of London to maintain their gold holdings and protect their value. It was simply another bail-out for the Jewish bankers, in this case to the great cost of the entire world.