In recent weeks, the speculators have been waging an all-out war on the American dollar. The strength of a nation's currency is based on the strength of that nation's economy--and the American economy is by far the strongest in the world. Accordingly, I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States. 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. The effect of this action, in other words, will be to stabilize the dollar. Now, this action will not win us any friends among the international money traders. But our primary concern is with the American workers, and with fair competition around the world. To our friends abroad, including the many responsible members of the international banking community who are dedicated to stability and the flow of trade, I give this assurance: The United States has always been, and will continue to be, a forward-looking and trustworthy trading partner. In full cooperation with the International Monetary Fund and those who trade with us, we will press for the necessary reforms to set up an urgently needed new international monetary system. Stability and equal treatment is in everybody's best interest. I am determined that the American dollar must never again be a hostage in the hands of international speculators. I am taking one further step to protect the dollar, to improve our balance of payments, and to increase jobs for Americans. As a temporary measure, I am today imposing an additional tax of 10 percent on goods imported into the United States.2 This is a better solution for international trade than direct controls on the amount of imports. This import tax is a temporary action. It isn't directed against any other country. It is an action to make certain that American products will not be at a disadvantage because of unfair exchange rates. When the unfair treatment is ended, the import tax will end as well. As a result of these actions, the product of American labor will be more competitive, and the unfair edge that some of our foreign competition has will be removed. This is a major reason why our trade balance has eroded over the past 15 years. At the end of World War II the economies of the major industrial nations of Europe and Asia were shattered. To help them get on their feet and to protect their freedom, the United States has provided over the past 25 years $143 billion in foreign aid. That was the right thing for us to do. Today, largely with our help, they have regained their vitality. They have become our strong competitors, and we welcome their success. But now that other nations are economically strong, the time has come for them to bear their fair share of the burden of defending freedom around the world. The time has come for exchange rates to be set straight and for the major nations to compete as equals. There is no longer any need for the United States to compete with one hand tied behind her back. The range of actions I have taken and 2 Proclamation 4074. proposed tonight--on the job front, on the inflation front, on the monetary front is the most comprehensive new economic policy to be undertaken in this Nation in four decades.

We are fortunate to live in a nation with an economic system capable of producing for its people the highest standard of living in the world; a system flexible enough to change its ways dramatically when circumstances call for change; and, most important, a system resourceful enough to produce prosperity with freedom and opportunity unmatched in the history of nations. The purposes of the Government actions I have announced tonight are to lay the basis for renewed confidence, to make it possible for us to compete fairly with the rest of the world, to open the door to new prosperity. But government, with all of its powers, does not hold the key to the success of a people. That key, my fellow Americans, is in your hands. A nation, like a person, has to have a certain inner drive in order to succeed. In economic affairs, that inner drive is called the competitive spirit. Every action I have taken tonight is designed to nurture and stimulate that competitive spirit, to help us snap out of the self-doubt, the self-disparagement that saps our energy and erodes our confidence in ourselves. Whether this Nation stays number one in the world's economy or resigns itself to second, third, or fourth place; whether we as a people have faith in ourselves, or lose that faith; whether we hold fast to the strength that makes peace and freedom possible in this world, or lose our grip--all that depends on you, on your competitive spirit, your sense of personal destiny, your pride in your country and in yourself. We can be certain of this: As the threat of war recedes, the challenge of peaceful competition in the world will greatly increase. We welcome competition, because America is at her greatest when she is called on to compete. As there always have been in our history, there will be voices urging us to shrink from that challenge of competition, to build a protective wall around ourselves, to crawl into a shell as the rest of the world moves ahead. Two hundred years ago a man wrote in his diary these words: "Many thinking people believe America has seen its best days." That was written in 1775, just before the American Revolution--the dawn of the most exciting era in the history of man. And today we hear the echoes of those voices, preaching a gospel of gloom and defeat, saying the same thing: "We have seen our best days." I say, let Americans reply: "Our best days lie ahead." As we move into a generation of peace, as we blaze the trail toward the new prosperity, I say to every American: Let us raise our spirits. Let us raise our sights. Let all of us contribute all we can to this great and good country that has contributed so much to the progress of mankind. Let us invest in our Nation's future, and let us revitalize that faith in ourselves that built a great nation in the past and that will shape the world of the future. Thank you and good evening. Note: The President spoke at 9 p.m. in the Oval Office at the White House. His address was broadcast live on radio and television. On the same day, the White House released an advance text of the President's address and the transcript of a news briefing on the new economic policy by John B. Connally, Secretary of the Treasury, George P. Shultz, Director, Office of Management and Budget, and Patti W. McCracken, Chairman, Council of Economic Advisers. In Dallas, Tex., on August 19, 1971, Press Secretary Ronald L. Ziegler read a statement about the reaction of the Governor of Texas to the wage-price freeze. It is printed in the Weekly Compilation of Presidential Documents (vol. 7, p. 1204). On August 20, the White House released the transcript of a news briefing by Caspar W. Weinberger, Chairman, Regulations and Purchasing Review Board, and Deputy Director, Office of Management and Budget, on the efforts of the Board to insure that the suppliers of Government purchases are in full compliance with the wage-price freeze.

Richard Nixon The Challenge of Peace - President Nixon's Address to the Nation on A New Economic Policy August 15, 1971 Mordad 25, 1393 AP · Uploaded by Richard Nixon Foundation https://www.youtube.com/watch?v=ye4uRvkAPhA

رمزارز‌ها ۱.۸ میلیارد کیلووات ساعت برق کشور را مصرف کردند سخنگوی صنعت برق: تا کنون حدود ۸۲۰۰مرکز غیرمجاز ماینینگ کشف شده، بیش از ۲۴۶هزار دستگاه ماینر در این مراکز فعالیت داشته و ۶۸۰مگاوات مصرف برق داشته‌اند. https://gerdab.ir/0009FI @my_gerdab

White, Lawrence H. Better Money: Gold, Fiat, or Bitcoin? Cambridge: Cambridge University Press, 2023.

📖 White, Lawrence H. Better Money: Gold, Fiat, or Bitcoin? Cambridge: Cambridge University Press, 2023.

Huber, Joseph. The Monetary Turning Point: From Bank Money to Central Bank Digital Currency (CBDC). Cham: Palgrave Macmillan, 2023.

📖 Huber, Joseph. The Monetary Turning Point: From Bank Money to Central Bank Digital Currency (CBDC). Cham: Palgrave Macmillan, 2023.

Lebanon economic crisis: Banking system replaced with cash economy Al Jazeera English 6:29 Farvardin 2, 1402 AP https://www.youtube.com/watch?v=ToIJLPDBato

Lebanon financial crisis pushes people to raid banks for their own money - BBC News BBC News 3:07 Mehr 15, 1401 AP https://www.youtube.com/watch?v=cpXOTpX0APE

به آخر فیلم توجه کنید: چون طی 20 سال گذشته سهم دلار از 70 درصد ذخایر بانکهای مرکزی در جهان بودن به زیر 60 درصد رسیده، این همه سر و صدا میکنند که این فاجعه هست و باید یه فکری کرد و ...

⚡️کارشناس آمریکایی: 🔻تهدید واقعی، قطع حمایت خارجی‌ها از اقتصاد ما به وسیله کنار گذاشتن دلار است. زیرا این تنها دلار بود که اقتصاد ناکارآمد ما را پیش می‌برد و ممکن می‌کرد! ☀️ @shidtv