Amendt on Nostr: 92 years ago today, the president of the United States issued an executive order ...
92 years ago today, the president of the United States issued an executive order requiring everyone to surrender their gold to the Federal Reserve within four weeks.
A $10,000 fine and 10 years imprisonment was the prescribed punishment for people who opted to keep their gold.
This was beginning of an effort to unpeg the dollar from gold, thus allowing politicians and their banker friends to inflate the money supply without having to be constrained by the natural restraint on gold supply in existence.
The dollar has been substantially devalued since that time—a hidden tax on people's savings, masked as benign "inflation." It's theft on a grand scale.
A $10,000 fine and 10 years imprisonment was the prescribed punishment for people who opted to keep their gold.
This was beginning of an effort to unpeg the dollar from gold, thus allowing politicians and their banker friends to inflate the money supply without having to be constrained by the natural restraint on gold supply in existence.
The dollar has been substantially devalued since that time—a hidden tax on people's savings, masked as benign "inflation." It's theft on a grand scale.