When Roosevelt devalued the dollar (from $20.65 to $35 per ounce of gold, a 70% devaluation), it was effective—1934 was a pretty good year—demonstrating that currency revaluation can have positive economic effects
factualpending
Speaker
Lawrence McHenryEvidence Quote
“Roosevelt grabbed the gold and then he immediately changed the price from 2065 to $35 it was like a 70% devaluation overnight and what it did and and by the way it helped right after he did it 34 was a pretty good year”
Source
$200k Bitcoin, $4k Gold In 2025 As ‘Day Of Reckoning’ Comes For Stocks | Lawrence Lepard— David LinCreated: 8/11/2026, 6:22:49 AM
My Notes
Loading notes...