United Liberty
Glenn Beck Explains Dollar Devaluation
Fri, 03/20/2009 - 9:24am | posted by Michael Orion Powell
This video is brilliant in its simplicity. Beck manages to boil down a very complex subject into a four minute segment. Glenn Beck is one of those figures in the media who I both love and hate. When he misses it, he really misses it, but when he hits it, as he does here, he hits it way out of the park.
This is a must see for anyone concerned with the American economy. Seeing as we’re all in this together now, that should be everybody.
Once again, proving that Beck is a moron and doesn’t know what he is talking about. The gold standard ended in 1933, I think that would be a crucial piece of information when speaking about the change in the American economy. He’s trying to take credit away from FDR’s policies of spending, and not giving credit where credit is due. The Great Society was Johnson’s idea, not Nixon’s, and we had already been off the gold standard for 32 years at that point. Beck just changes the past, and facts as he sees fit…. 1984 anyone? Since all of his facts are skewed, how can we believe anything this guy says. He bashes Al Gore, and then says that he has to say some “true stuff”, and then fudges all of the facts. Interesting. Why doesn’t Beck mention the 1990’s amazing economic boom, of course the dot com bubble burst, but lets not just ignore the 90’s simply because a democrat was in office. He has an amazing ability to only focus on the negative. Talk about money devaluation, I can remember when a gallon of gas cost .99, not $4.00.
The Bretton Woods post-war global monetary framework established that all countries must have a monetary standard. Nixon pulled out of this in 1971. That’s what Beck is referring to.
“Timid men prefer the calm of despotism to the tempestuous sea of liberty.” - Thomas Jefferson
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