"Spehro Pefhany" wrote in message
...
On Mon, 25 Apr 2011 13:22:57 -0400, "Ed Huntress"
wrote:

The thing that really ****ed us off was when they took a run at our gold
reserves in 1971. I still haven't forgiven them for that.

Have they forgiven the US for claiming that the dollars they held were
each worth 1/35 of an oz of gold? ;-)

They were, but they could have taken a damaging bite out of Fort Knox if
they cashed in.

The thing was, the Bretton Woods signers were supposed to know that you
don't try to screw the central bank of another member unless you're ready to
go to war.

The French didn't seem to get it. So we dropped the gold standard
altogether. Screw them.

--
Ed Huntress