So, US Treasury had gold, and made certificates for that gold. The certificates would be redeemable in gold.
Gave the certificates to the Federal Reserve, in exchange for Federal Reserve Notes (considered an even exchange at the time).
Back then, FRN's were redeemable in gold, too. Said so right on the face of the "dollar" currency ($1 was redeemable in silver, $20 redeemable in gold, for example).
But then ...
FRN's became NO LONGER redeemable in gold, but instead became redeemable ONLY IN MORE FRN's.
So, Fed still held the certificates that were STILL redeemable in gold, but Treasury now held FRN's that were not.
After decades of inflation (caused PURPOSELY by the Federal Reserve), the currency is now a small fraction of value vs. gold to what it once was.
Back then, gold was priced at about $20 per ounce.
Today, gold is $3,000 per ounce -- it now takes 3,000 FRN's to buy 1 ounce of gold, whereas back then it only took 20.
Bottom line: The people who run the Federal Reserve (behind the scenes -- the names and faces in the media are just the front men) have STOLEN the gold that belonged to the American People.
Theft by fraud is not valid.
The gold STILL belongs to the American People, rightfully, and we should arrest and imprison those still alive for this crime, and take back what belongs to us via the federal government.
BTW ...
There was NO LEGITIMATE REASON for the US Treasury to engage in this "deal" with the Federal Reserve in the first place.
It was a con job by the Federal Reserve operators, from the beginning.
It was the REAL PURPOSE for the formation of the central bank from the very start. EVERYTHING ELSE that ANY central bank does or says is smoke and mirrors to cover up the fact that stealing your wealth is their ONLY real purpose.
They just have to use a more sophisticated strategy to do it than your average bank robber does.
The US Treasury is given the constitutional authority over money, and has never had any legitimate authority to delegate that authority away.
This is especially so when they failed to ever watch what the Federal Reserve (a private business, and not a government agency) was doing as it was stealing the wealth of our government and us.
Mmany government employee traitors went along with it and/or were too stupid to understand it and/or too lazy to uphold their oaths of office over the years.
But those in office today have a DUTY to correct this fraud.
Nixon took USA off gold standard so FED can't redeem certificates? did Nixon wipe the debt clean on his way out as a finger to them and we have been in make believe currency world?
But in the beginning, the Federal Reserve Note was backed by gold and silver.
That ended, and it became worthless paper ("fiat"), with value only determined by what people are willing to exchange it for, which might one day become ... nothing.
But the entire process was put in play from the beginning, knowing it would take a few decades to accomplish.
This is no different than the digital currency push, which starts out offering benefits that suck people in to make them used to it and have reasons for liking it.
But the back-end harmful effects (built in from the beginning) are not unleashed until much later -- used to track you, identify you, approve or disapprove you, and force you to bend the knee or have your digital currency become worthless overnight when it is just ... shut off ... and worthless.
So, US Treasury had gold, and made certificates for that gold. The certificates would be redeemable in gold.
Gave the certificates to the Federal Reserve, in exchange for Federal Reserve Notes (considered an even exchange at the time).
Back then, FRN's were redeemable in gold, too. Said so right on the face of the "dollar" currency ($1 was redeemable in silver, $20 redeemable in gold, for example).
But then ...
FRN's became NO LONGER redeemable in gold, but instead became redeemable ONLY IN MORE FRN's.
So, Fed still held the certificates that were STILL redeemable in gold, but Treasury now held FRN's that were not.
After decades of inflation (caused PURPOSELY by the Federal Reserve), the currency is now a small fraction of value vs. gold to what it once was.
Back then, gold was priced at about $20 per ounce.
Today, gold is $3,000 per ounce -- it now takes 3,000 FRN's to buy 1 ounce of gold, whereas back then it only took 20.
Bottom line: The people who run the Federal Reserve (behind the scenes -- the names and faces in the media are just the front men) have STOLEN the gold that belonged to the American People.
Theft by fraud is not valid.
The gold STILL belongs to the American People, rightfully, and we should arrest and imprison those still alive for this crime, and take back what belongs to us via the federal government.
BTW ...
There was NO LEGITIMATE REASON for the US Treasury to engage in this "deal" with the Federal Reserve in the first place.
It was a con job by the Federal Reserve operators, from the beginning.
It was the REAL PURPOSE for the formation of the central bank from the very start. EVERYTHING ELSE that ANY central bank does or says is smoke and mirrors to cover up the fact that stealing your wealth is their ONLY real purpose.
They just have to use a more sophisticated strategy to do it than your average bank robber does.
The US Treasury is given the constitutional authority over money, and has never had any legitimate authority to delegate that authority away.
This is especially so when they failed to ever watch what the Federal Reserve (a private business, and not a government agency) was doing as it was stealing the wealth of our government and us.
Mmany government employee traitors went along with it and/or were too stupid to understand it and/or too lazy to uphold their oaths of office over the years.
But those in office today have a DUTY to correct this fraud.
Nixon did good?
Nixon took USA off gold standard so FED can't redeem certificates? did Nixon wipe the debt clean on his way out as a finger to them and we have been in make believe currency world?
when does this ride stop?
Is that one of the elder Rothschild’s in the picture?
How very Babalonian money magic of them...
The main part you left out. https://www.fiscal.treasury.gov/reports-statements/gold-report/
current Book Value is $42.22 @ troy ounce not market value
Book Value is an artificial, fixed number, and has no relation to the real world value today.
How we switch currencies is one of those things they are keeping a deeps secret.
a really good post on that thread
I don't know about you, but if this process was just a bit faster, it would be fun to watch.
It was a con job from the beginning.
But in the beginning, the Federal Reserve Note was backed by gold and silver.
That ended, and it became worthless paper ("fiat"), with value only determined by what people are willing to exchange it for, which might one day become ... nothing.
But the entire process was put in play from the beginning, knowing it would take a few decades to accomplish.
This is no different than the digital currency push, which starts out offering benefits that suck people in to make them used to it and have reasons for liking it.
But the back-end harmful effects (built in from the beginning) are not unleashed until much later -- used to track you, identify you, approve or disapprove you, and force you to bend the knee or have your digital currency become worthless overnight when it is just ... shut off ... and worthless.