Republican (fascist/socialist) de facto President Nixon, Esq., signs the Par Value Modification Act of 1973, repudiating the Smithsonian Agreement, which had was negotiated to replace the Bretton Woods Agreement that Nixon had scrapped less than two years previous. The act unilaterally devalues the “dollar” ten percent to 0.829848 Special Drawing Rights (the unit of account of the International Monetary Fund). This establishes the new (command-market) value for the “dollar” at 42.22 “dollars” per ounce of gold, however the “dollar” has been so weakened by excessive printing of Federal Reserve Notes to pay for the Vietnamese-American War that gold is trading on the free-market at around 100 “dollars” per ounce.
NOTE: As an attorney (Officer of the Court) Nixon was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[restored 11/10/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
http://minerals.usgs.gov/minerals/pubs/commodity/gold/300798.pdf
minerals.usgs.gov/minerals/pubs/commodity/gold/300798.pdf
Chronology of Significant Events – us events
www.dof.ca.gov/HTML/FS_DATA/LatestEconData/Chronology/chronology.htm
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm