The decline of the dollar. The Hon. Elijah Muhammad was right, again!

Within the past few weeks the US stock market has been a roller coaster of a ride. US policy makers are still trying to figure out what to do to expedite the economic recovery process, but can we take a lesson from history? 40 years ago President Nixon ended the last remnants of the gold standard, which meant dollars couldn't be converted to gold. Scott Carter, CEO of Goldline, tells us why this was significant.

Lew Rockwell: Death of the Dollar

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• Dollar decline 40 years in the making?

Read:

• The Honorable Elijah Muhammad: The decline of the dollar

The stronghold of the American Government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off he gold and silver standard, the financial doom of England and America was sealed.