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Wednesday, September 21, 2011

Timeline of a 100-Year Bank Robbery

Timeline of a 100-Year Bank Robbery

“Gold is money, and nothing else.”
–JP Morgan, 1913

1. December 23, 1913 Gold was $20/ounce. The Federal Reserve Act is signed into law, ending a half-century of price stability in America.

2. July, 1944 Only eleven years after Franklin D. Roosevelt signed Executive Order 6102, and the Federal Reserve nationalized America’s privately held gold bullion (paying out just $20.67/ounce), The Bretton-Woods System fixed the U.S. dollar to gold at $35/ounce. The dollar had lost 43% of its purchasing power in only 31 years under the Federal Reserve.