Tariffs have not been used as a genuine revenue tool in over 100 years but as a bludgeon to coerce trading partners, and historically in 1971 tariffs were announced in the same statement that closed the gold window precisely to secure cooperation in dollar devaluation.
factualpending
Speaker
Matt SmithEvidence Quote
“in the same announcement that we're closing the gold window there was an announcement of tariffs ... because we needed the cooperation of our trading partners to cooperate in the devaluation of our currency”
Source
Matt Smith: Gold, The Changing World Order & USA Strategic Investment in Critical Mineral— Palisades Gold RadioCreated: 6/18/2026, 1:57:53 PM
My Notes
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