The Gold Standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold and were freely converted into gold at the fixed price.” A county under the gold standard would set a price for gold and buy and sell gold at that price, effectively setting a value for the currency. On August 15, 1971, when President Richard Nixon ended trading of gold, for the first time in history, formal links between the major world currencies and real commodities were severed. The gold standard has not been used in any major economy since that time.
The BlockStandard is a realization of what must never happen; the separation of intelligent and savvy businesspeople from their communities and those that could learn from their experience the most. Like the days before Nixon’s decision, we here at BlockStandard believe that every productive aspect of our lives must hold weight and value that cannot be lost under any circumstance. The BlockStandard is the backing of upwardly mobile thought and action; the currency of the hustler and the culmination of various areas of expertise in one. That old adage “each one teach one” is not lost on the BlockStandard members as we all contribute, albeit in different industries and modes of thinking, to one common ground effect: revitalize our neighborhoods through honest, real and applicable teaching.
The BlockStandard.com Mission Statment
As a collective of like minded and like mission men, we will pool our individual insights into one blog for the immediate dissemination of information that will enable you to improve your money making capabilities.
The currency of the community. BlockStandard.com
