nixon now

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NIXON JIBFEST POWDER & RAILS SPECIAL: EPISODE 3

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Kickstarters I Support: Our Nixon

Generally I am not in favor of overtelling stories of rich, powerful white men, but with Richard Nixon I always make an exception. I have a soft spot for the paranoid and insane, particularly when they are leaders of America who were genuinely smart and knew the system unfathomably well–even if they were more than a little bit evil. Also, the amount of amazing scholarship and art that has derived from the public persona of Richard Nixon is really astounding, and there are always new ways to tell Tricky Dick’s story, it seems.

From the description:

But they also filmed each other: Chapin goofing around with his camera; Ehrlichman clowning with Kissinger on the beach; and Haldeman filming Higby filming Haldeman at the Great Wall of China. Ehrlichman filmed birds.  He was especially fond of hummingbirds.  The home movies record every aspect of their experience of the Nixon White House, from the prosaic to the profound.  These four men carefully documented their time with Nixon because they believed that Nixon would transform America. And in a way, they were right.

Please tell me you are exactly as excited about this as I am. Nixon now, more than ever.

2

August 15, 1971

Richard Nixon shocks Americans and the world by announcing that the US dollar would no longer be convertible to gold and there would be a 90 day wage and price freeze to combat any potential inflation from the change. The program, often known as the “Nixon Shock,” effectively ended the Bretton Woods system of exchange rates that had been in place for decades. The decision came after a secret meeting at Camp David of Nixon’s top economic advisers which led him to make the decision that would fundamentally alter global finance by turning the US dollar into a floating currency. On August 15th, Nixon announced his New Economic Policy to the world.

In his speech to the American people, Nixon stated

Now, what is this action — which is very technical — what does it mean for you?

Let me lay to rest the bugaboo of what is called devaluation.

If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.