20181206-The Great Bank Heist of 1933


The Great Bank Heist of 1933

3.9.1933  - The Emergency Banking Act of 1933 was passed to stop the bank runs.  The law allowed 12 Federal Reserve Banks to issue additional currency on good assets so that banks that reopened would be able to meet every legitimate call, and thus created the 100% deposit insurance which led to the creation of FDIC later on.


4.5.1933 -  President Roosevelt signed Executive Order 6102 criminalizing the possession of monetary gold by any individual, partnership, association or corporation.  All gold coin, bullion and gold certificates now owned by them to a Federal Reserve Bank with exceptions for some jewelry and collector's coins.   All gold were required to be turned over to the FED.

            *Any citizen failed to do so would be fined $10,000 or                        received 10 year jail term.

              *1 oz gold was converted for USD20.67.

              *This is the Great Crime of 1933


1.30.1934 - Gold Reserve Act of 1934

*Outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in United States Bullion Depository at Fort Knox and other locations.

*Changed the nominal price of gold from $20.67 per troy ounce to $35.

*In less a year, the gold price was raised from $20.67 to $35, a 70% increase!   With that profit, they started the Exchange Stabilizing Fund of the US Treasury Department estimated to be around $190 billion in today’s money.

*This Exchange Stabilizing Fund was probably used to fund the Shadow Government for the following 80 years or so.   Who is the bank of the Treasury?  JP Morgan Stanley.

*This price change incentivized foreign investors to export their gold to the United States, while simultaneously devaluing the U.S. dollar in an attempt to spark inflation.

*The increase in gold reserves due to the price change as well as the confiscation clause resulted in a large accumulation of gold in the Federal Reserve and U.S. Treasury. The increase in the money supply lowered real interest rates which increased investment in durable goods.

*It wasn’t until 1975, Americans could again freely owned                and trade gold.

Comments

Post a Comment

Popular posts from this blog

20181210-Paradise Fire-Centaurians

Edge of Wonder – Interviewed with David Wilcock on Paradise Fire : - Heard from his insider source- Henry Deacon from Project Camelot since 2007 -Paradise, CA – the most important small town in the US that provide safe haven for human like ET race, Centaurians.    There are many 500 – David guessed.    -There are only 2 cities like this in the US.   One is Paradise and the other one is in Neveda, but David doesn’t know where. -David had pictures where you can see laser beam came down from the sky to ignite the fire.   (DEW)?     -The fire spread so fast.   People didn’t even have enough time to get to their cars. -They can’t live above the ground for too long.   So they have elevator inside their house that goes deep down to the underground base.   Centaurians:               -they are from Alpha Centauri -buffed, tall, very pale, white hair, dark blue/violet eyes,...
Read more

20191007-New Russian Payment System to Avoid USD

Jim Rickard（ New Russian Payment System Avoids U.S. Dollar ）: -There is a new secure payments channel between Russia and Iran. This channel does not use dollars and allows Russia to sell weapons to Iran and for Iran to hide reserves in Russia, free of U.S. sanctions and U.S. interdiction. -Now Russia has unveiled an even more ambitious payments system.   This new system will provide services similar to SWIFT (the Society for Worldwide Interbank Financial Telecommunication), which is the leading bank message traffic facility in the world today for funds transfers. -In recent years, SWIFT has become politicized. Iran was banned from using SWIFT from 2012–16. Certain Iranian banks were banned from SWIFT again in 2018. -Russia has never been banned from SWIFT, but the mere possibility gives Russia a large incentive to create an alternative payments system not subject to U.S. control. With this announcement, Russia is getting closer to that goal. -The new Russian system may quickly be ...
Read more

20190114-Bitmain-BTC goes down to $1800?

Crypto Cowboy: Problem with BTC space – centralization of the BTC.       The 6 biggest mining companies in the world are calling the shots and they are mostly Chinese.   Also big banks are entering the space.    Right now it looks like Bitmain is going down. Bitmain – has gone through a lot changes due to price volatility, political pressure, regulations 。。。 -Two CEO/founders are going to step down. -closing its 500 million project in Austin, Texas -closing its Israeli research and development office  -cutting up to 50 percent of its staff  Probably because of it, there are a lot of big dormant wallets (50 – 100+ BTC) that are becoming active and more on the selling side.    However, a lot of these wallets are active in the OTC market not retail but their activity might still affect the prices in the retail markets.   So in the short-term, BTC price might even go down to $1800 .   If it does, Crypto Cowboy thinks it’s a go...
Read more