Posted on 03/02/2011 3:15:56 PM PST by dennisw
THE BAILOUT
So along comes FDR. One of the very first things he did was issue an executive order basically outlawing the private ownership of gold bullion. US Treasury Gold Certificates were no longer legal tender when held by the general public, unless exchanged at the US Treasury or Federal Reserve Bank for other non-gold paper. The US Treasury could then transfer 6,000 metric tons of gold to the Federal Reserve as a token backing for the “full faith and credit of the United States”. Reportedly, the US Treasury sent gold certificates to the Federal Reserve in exchange for Federal Reserve Notes. So the net result of this exchange was that the privately-controlled Federal Reserve Bank held US Treasury Gold Certificates backed by US Treasury gold, while the US Treasury held Federal Reserve Notes backed by “credit”. These actions bailed out the privately-controlled Federal Reserve bank, which as of 1933 would no longer be in danger of collapsing due to a sort-fall of 20,000 or more metric tons of gold.
As citizens complied with the new ”law” by turning in gold, the gold reserves of the US Treasury and Federal Reserve increased. After most of the public’s gold was turned in, FDR raised the official price from $20.67 to $35.00 per troy ounce. How “convenient”. Gold-clause Federal Reserve notes were not recalled and remained in circulation. But they could no longer be exchanged for gold, except by certain foreign central banks. Those with connections were able to buy valuable assets with mere paper. Wealth was concentrated in fewer hands.
(EXCERPT-must read the whole thing to get it)
(Excerpt) Read more at moonlightmint.com ...
A lot of epople think Fort Knox holds very little gold.
Where are all the FR Fed lovers? The Fed that took private citizens gold?
FR has quite a few people who think The Fed is great. They think it is part of the U.S. Treasury.
I was talking to someone today who deals with wealthy clients and they all are worried they will go after their 401-Ks and IRAs just like Argentina and many others.
We are gonna have FDR/Mugabe II with Hussein.
There’s no farming as profitable as the farming of men, their hopes, aspirations and the protection of their families.
Well, as a homeschooler, I don’t doubt that the government indoctrination centers don’t teach the REAL history of how they stole from the Americans of the thirties.
Can’t have the little people knowing TOO much about how the government steals from them. Talk about dumbing down.
Here is a video that is 30 minutes, the covers the housing collapse, the FED and is kind of fun, too.
http://www.youtube.com/profile?user=theamericandreamfilm&annotation_id=annotation_996700&feature=iv
>>”Blew much of the money on whiskey and wild women.”<<
LOL. Sometimes memories are the BEST investment! At least you can take those with you when it’s time to check out.
What a great Post!
Read the article, but down at the bottom, it has praise for Hugo Chavez.
Thank you for enticing me to waste my time.
Mullens book should be distributed far and wide. That all parts are right on the spot I don’t know. However, it is baffling to the history of this Nation that such history could have been shaped/determined by all the scoundrals noted. I have long believed that Soros as a present day enigma is only the tip of the cabal that set up and maintains the evil influences on this Nation. In relation to the involvment of the Rothchilds there are the cases of funding the initial hedge funds for Soros and even funds to help set up the Rockefeller oil empire. However. more of a question in my mind is whether or not this evil cabal had anything to do with the asassination of JFK. Recall that JFK had at one time somewhere around $200,000,000.00 USA Treasury dollars printed backed by USA gold. These were not Federal Reserve notes and JFK intended these USA dollars to be used as well as Fed notes. This isn’t/wasn’t in the cabal’s intent or planbook as it owns the Fed Reserve and it’s monkey notes. I find it difficult to clear my reasoning of the fact that the cabal, especially the Rothchilds, would not be capable of orchestrating such a diabolical act as the asassination of JFK who to me even as a Democrat was a patriot. I would bet the cabal is still active today with the same intent of bringing down the USA.
Mullens book should be distributed far and wide. That all parts are right on the spot I don’t know. However, it is baffling to the history of this Nation that such history could have been shaped/determined by all the scoundrals noted. I have long believed that Soros as a present day enigma is only the tip of the cabal that set up and maintains the evil influences on this Nation. In relation to the involvment of the Rothchilds there are the cases of funding the initial hedge funds for Soros and even funds to help set up the Rockefeller oil empire. However. more of a question in my mind is whether or not this evil cabal had anything to do with the asassination of JFK. Recall that JFK had at one time somewhere around $200,000,000.00 USA Treasury dollars printed backed by USA gold. These were not Federal Reserve notes and JFK intended these USA dollars to be used as well as Fed notes. This isn’t/wasn’t in the cabal’s intent or planbook as it owns the Fed Reserve and it’s monkey notes. I find it difficult to clear my reasoning of the fact that the cabal, especially the Rothchilds, would not be capable of orchestrating such a diabolical act as the asassination of JFK who to me even as a Democrat was a patriot. I would bet the cabal is still active today with the same intent of bringing down the USA.
There used to be a saying "not worth a continental," which meant that the early U.S. fiat currency was useless; maybe now there should be a saying not worth a federal reserve note as the Messiah has turned the federal reserve notes into something as worthless or more worthless than the old revolutionary continentals were.
Yes this is not 1933 nobody will turn their gold in. The govt would be dreaming to recall gold.
Hope you read the entire article :)
I bought some in Clinton’s 2nd term. It immediately took a $100/oz. dive.
Priceless. Thanks.
What happened when they took all the siver out of our quarters and dimes???? I think there is alot of old buried gold coins around this country.
FDR was a criminal.
When is the last time there has been an audit of the gold reserve at Fort Knox.
“This obviously did not happen or we would not have pre-1933 US gold coins trading as numismatic coins these days”
And just how many of those coins exist?
Yeah we all know about the iffiness of the “official” gold count at Fort Know. Lots of US gold reserves are held underneath the NY branch of the Federal Reserve but these are most likely property of that private bank known as the Federal Reserve
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