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15 Kommentare
“…it was the greatest wealth heist in American history…” so far…..
After FDR forced everyone to turn in their gold to the federal reserve they tripled the price of it, it was stolen from the average working man so that the international banksters could rip them off once again, creating the federal reserve just wasn’t enough for them.
Also at that time you had contracts written in gold coin. There was a supreme court case where a guy had something like a CD at Chase bank for something like 20,000.00 in gold coin and the court ruled against him and he had to accept 20,000.00 in paper. For those old enough to remember that’s why you had Krugerands (sp?) and other gold coins sold to Americans in the 70s and 80s because you still could not hold bullion Whatever coin you chose to own had to be legal tender..
That’s the good thing about gold. Nobody knows how much or if you have it
Executive order making it illegal to own over 1 billion in assets.
1913: creation of federal reserve bank in the U.S. and the federal reserve note
1933: FDR confiscates gold (as much as people willingly let it happen) then revalues it.
1944: bretton woods agreement pegs world to dollar, which is still loosely pegged to $35 gold.
1971: Nixon closes the gold window, federal reserve note becomes unchecked and loses enough value to almost be interchangeable with toilet paper but people still use it. Kinda like toilet paper.
2019: bank of international settlements grants physical gold tier 1 status and the game begins.
Personally, I believe we’re about to live through a monetary reset that involves precious metals taking a front seat again. There’s going to be a ridiculously clear divide between lower class, middle class, and upper class that revolves around who uses digital currency, who has precious metals, and who owns land.
These dudes all just have sacks of gold like that? I don’t think I have a sack of rice that big.
So this was BEFORE Obama, for the people in the back.
Oludumare loves you – but watch out for Shango! Lightning may strike!
It almost kinda seems like Nixon got them paid back though, by entirely turning the $USD into a fiat currency, fortunately we depend on oil as we do or else the USA would be in some doo-doo.
First off, this happened because deflation was a main driver of the Great Depression. Real debt burdens went way up, and falling wages meant they couldn’t pay off their existing debts. The dollar had to be devalued, otherwise small businesses would be unable to grow and a quarter of the country would have been in debt forever.
Second, why would you omit the fact that the government used this money to give people jobs so they could pay off those debts? The end result of FDR’s policies was the US becoming the most powerful economy in the world. You can certainly argue that US monetary policy since 1980 has resulted in mass immiseration, and fiat currency has its flaws, but criticizing a move that lifted the country out of the Great Depression is straight up dumb as fuck.
Will do the same with the dollar. Must trade in for some sort of token, otherwise will be punishable by prison sentence. They can immediately cancel all dollar holdings other countries have, retain the highest amount of dollars in the world, and force a centralized new currency on the world that cancels dollar debt. America is still the largest consumer, so a world wide decrease in America’s credit will mean nothing
Wait. The federal reserve isnt a federal agency.
Historical event is true, image is fake.
People did not show up with convenient “gold bags” to hand over. April 5th is the day the executive order was signed; they did not have perfectly ready signs the same day and conveniently put the date on the wall outside. The signs are written in a crisp, modern, sans-serif font that does not match the grainy, low-resolution quality of the rest of the 1930s photograph. I could only find this image, besides this social media posts with this specific text, which appeared in the last 2 months.
Slavery began.