On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable.
Soon after taking office in March 1933, President Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.
On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.
The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.
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They should have executed him that afternoon.
Fuck him!
Bolshevik pwnd bastard FDR should have been hung for treason , and sadly , the so called greatest generation of fools knew all about it his complicity with communism. Communism would have died in the crib if not for FDR funding and promoting it’s growth via the ass rape of the American people.
All detailed here.
From Major Jordans Diaries
by George Racey Jordan
From the Preface
My reason for writing this book is very simple: I would like to keep the record straight. I want to put in permanent form. the full story of my experiences as a Lend-Lease expediter and liaison officer with the Russians during the war, when I served for two crucial years, from May 1942 to Lune 1944, both at Newark Airport and at the big air base at Great Falls, Montana.
I went into the Army as a businessman in my forties and a veteran of World War I. From the first, as my story shows, I worked wholeheartedly on behalf of the Russians because, like everyone else, I considered it my duty to do so. That they were satisfied with my efforts is indicated by the fact that it was Colonel Kotikov, head of the Russian mission at Great Falls, who requested my promotion to Major.
But the tremendous volume of Lend-Lease material going through under “diplomatic immunity,” the infiltration of SOviet agents through the Pipeline, the shipments of non- supplies and even military secrets, were more than I could stomach. I finally protested through proper channels, first in Great Falls, and then in Washington; nothing happened. This was in 1944, while I was still in the Army.
https://archive.org/details/FromMajorJordansDiaries1952Signed/mode/2up?q=from+major+jordan%27s+diaries
Franklin Delano Roosevelt FDR My Exploited Father In Law ( 1970)
by Dall, Curtis B.
DEDICATION
Dedicated to young Americans-May you benefit from observing how certain shadowy forces contrive to ruthlessly advance their own financial and ideological objectives at your expense. They select, then groom, and ultimately control many of our highest government officials. They plan the wars and through “foreign policy” arrange to set the stage for incidents to initiate hostilities. They overwork the word “Peace” to mislead you and create a plausible smoke screen in order to conceal their real operations. You can recognize who “they” are.
Hence, I say, young Americans, be alerted-be more effective than my unsuspecting and bemused generation.. Sally-forth, defend and preserve for yourself and those who follow you our great heritage of freedom and liberty.
https://archive.org/details/DallCurtisB.FranklinDelanoRooseveltFDRMyExploitedFatherInLaw1970
“He” took the gold out of peoples’ pockets, leaving behind worthless paper. “He” more fully collateralized ~ Midas Touched ~ the “citizens.” And the tuffer stuff of the day sat back & took it. Twenty years, blink of an eye, 1913-1933. After the bankers got the final iteration of centbank cemented into place (which they’d been working to achieve from the get).
“Competiton is for losers,” says the burning from both ends fag. And “we,” the moneymen behind the thrones, will not compete with relics – that’s just “barbarous.”
Meanwhile I stopped by a barber a few days ago – it happened to be close by a donut shop (blueberry-filled Bismarks – yum!) – $30 for a basic haircut.
I got the Bismark ($3+!) & kept the hair. The collateral is cannibal-scalping each other.
FDR was a traitor bastard.
Look at Dem presidents generally. They wreck the economy and put us into wars. All of them plus “W” Bush, the closet democrat.
There seem to be 2 really important things that have gone missing here in the United States … our gold supply and Ghislaine Maxwell’s list of Jeffrey Epstein’s clients …
Just how closely are the parties behind these 2 events related … 6 degrees of separation — or more like 2 or 3 degrees …
Don’t forget Hillary’s e-mails.