George P. Shultz, secretary of the treasury, orders a 10 percent devaluation of the “dollar,” an increase in the command-market price of gold from 38.00 to 42.22 “dollars” per ounce.
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[added 11/7/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Richard Nixon: Remarks Following Announcement of a Devaluation of the Dollar.
www.presidency.ucsb.edu/ws/index.php?pid=4099
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html
Communist Manifesto
www.conservativeusa.net/10planksofcommunism.htm