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History of the Federal Reserve

Sanctions: 5
Sanctions: 5
History of the Federal Reserve
In 1863 the Fed forced banks to store everyone's gold in the Fed's vaults by taxing private currencies. In 1933 criminalized possession and trading of gold, effectively stealing all of the gold that was deposited. In 1971 terminated the "convertibility" of USD to gold. Now our only option to trade in the free market for our work and food is to use USD, which they love because it gives value to their fiat. Value is that which one acts to gain or keep. And then they print more fiat for themselves to spend, stealing the purchasing power of producers.
Added by Dean Michael Gores
on 4/15, 5:41am

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