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【YYNewsEnglishBlog】■The current "super-financial capitalism" in which "money" dominates everything was born from the Nixon shock on August 15, 1971! (No1)
Hello Everyone!

My name is Yasuhiko Yamazaki.

I am a japansese independent journalist based on internet media.

I am also a political and social activist.

I am broadcasting everyday in Japanese 【YYNewsLive】 except Saturday and Sundayat 9:00 p.m. in local time for more than 8 years.

Approximately 500 persons are watching every time.
                                    
I started English-Japanese broadcast biweekly on Wednesday night from the 7th 2015 in order to talk directly to 1.4 billions of English speakers around the world to let them know the hidden and unknown truths on Japan and the world.
_______________

【Video】06m04s

https://twitcasting.tv/chateaux1000/movie/684643590
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Please find hiere-after the scinario of english radion diffused today on 27th May2021.

subject

The current "super-financial capitalism" in which "money" dominates everything was born from the "suspension of conversion of dollars and gold (Nixon shock)" suddenly announced by US President Nixon on August 15, 1971! (No1)

What is Nixo Shock? (Excerpt from Wikipedia)

The Nixon Shock (Dollar Shock) refers to a significant change in the framework of the world economy due to the suspension of conversion of US dollar bills and gold (1 ounce = $ 35) announced suddenly on August 15, 1971 by President Nixon of the United States.

The name of Nixon Shock comes from the announcement of this policy shift by then President Richard Nixon.

Until then "Dollar" was the only currency that could be exchanged for gold and "the International Currency System・the Bretton Woods system" has functioned withthe dollar as the key currency.

What is called "Shock" is that "The Bretton Woods system" collapsed suddenly by "stopping the exchange of dollars and gold" due to the sharp decrease in the amount of gold held in the United States.

It was not informed in advance and the sudden announcement was extremely surprising and subsequently had a major impact on the world economy. Prior to the shock (August 15, 1971).

The price of 1 ounce of gold (31.1034768g) against the dollar was fixed at "$ 35".

Compare "the gold and dollar prices" before and after the Nixon shock!

Prior to the Nixon shock (1971.08.15), the price of one ounce of gold (31.1034768 grams) against the dollar was fixed at $ 35.

The price of 1 ounce of gold against the dollar today (2021.05.25) is "$ 1,882.16".

▲Comparing the "dollar price against gold" before the Nixon shock and now, we can see the following!

It can be seen that "the dollar price against gold" has really only been worth "1.85% " in the 50 years from the Nixon shock (August 15, 1971) to today (2021.05.25).

In other words, the dollar has lost (depreciated) the value of "98.15%" against the gold in the last 50 years.

The "98.15% depreciation" of "the world's key currency・the dollar" naturally made "the value" of each country's currency even more "depreciated"!

Why has the dollar depreciated by "98.15%" against gold in the last 50 years?

Due to "the suspension of conversion of dollars and gold" by "Nixon shock,"the US Central Bank FRB (Rothschild banks own 100 % shares) that monopolizes "the money issuance rights" could reprint dollar bills as many times as they like even without gold backing.

One ounce of gold against dollar before Nixon shock was "$ 35" but today's priceis "$ 1,882.16",that which means that "the"price of gold" against dollar becomes"53.77 times" before the Nixon shock.

This "gold price surge" is not due to increased "gold demand" but it was the result of FRB's reprinting of dollar bills "53,77 times" over the last 50 years since 1971

There used to be "the absolute standard" for "the money" in each country and it was "the gold"!

The major European nations which had implemented "the gold standard" in which the"money" could be converted into "the gold" were stable in "the currency" even when they changed from agricultural nations to industrial nations and achieved unprecedented development.

French franc: stable for "100 years" from 1810 to 1910.

Dutch Guilder: stable for "98 years" from 1816 to 1910.

Swiss franc: Stable for "86 years" from 1850 to 1936.

Belgian Franc: stable for "82 years" from 1832 to over 1,910 years.

Swedish krona: Stable for "58 years" from 1873 to 1931.

Italian lira: Stable for "31 years" from 1883 to 1910.

(Reference / Citation)

The bool of Chinese economist Song Hongbing "Rosschild, History of Currency Stealing and Its Scenarios" (May 20, 2009, published by Random House Kodansha)

(end of No1)

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【Informations From Suginami】 【YYNews YYNewsLive】
Yasuhiko Yamazaki
e-mail: yampr7@mx3.alpha-web.ne.jp
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[2021/05/27 12:35] | 未分類 | トラックバック:(0) | コメント:(0) |
<<【日本語ブログ記事No.3649】■『カネ』がすべてを支配する現在の『超金融資本主義』は1971年8月15日に突然リチャード・ニクソン米大統領が発表した『ドルと金の兌換停止(ニクソンショック)』から生まれた!(No1) | ホーム | 【英日語ブログ記事】■The current "super-fi・・! (No1)『カネ』がすべてを支配する『超金融資本主義』は1971年の『ニクソンショック)』から生まれた!(No1)>>
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