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Aztecs took gold tribute from their subject tribes. Spanish conquistadors looted the Aztecs. Sir Francis Drake looted Spanish galleons. Seizing gold vaults was a universal war objective. Many politicians have controlled monetary systems by controlling gold. Now we can do better.pic.twitter.com/pg33pZLJCK
It made it easier to devalue the dollar, which under the gold standard involved increasing the official peg price.
He used to fiddle with the dollar price of gold during his breakfast.
True, but to 'why did FDR do it' is the shift from Jeffersonian economics (raw mat output, gold) to 'Axis power' economics (nationalized tech financing). Japan / Germany traded gold for tech, which was subsequently leveraged to dismantle gold, trade, entirely (but failed).
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