Thursday, September 14, 2017 10:23:12 AM
..Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note.
..On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce.
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..The statutory price of gold is set by law. It does not fluctuate with the market price of gold and has been constant at $42 2/9, or $42.2222, per fine troy ounce since 1973. The book value of the gold held by the Treasury is determined using the statutory price.
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Alan Greenspan.
.."Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance."
....“It is the only currency, along with silver, that does not require a counterparty signature
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..promotes the safety and soundness of individual financial institutions
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone.
..The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System
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The federal reserve is owned by a private wealthy family and is not a part of the government, it's role to police and monitor global financial affairs nor make profit. Unfortunalty they are "for profit" they charge us interest for printing money and a proxy of British banking system according to president Jackson's archived notes. Without getting to techincal in history, Crypto is peer to peer freedom that everyone deserves.
Crypto cannot be manipulated in the same extend of paper currency because paper currency is owned by "private" organization the Fed and is not democratically in favor of a "Sovereign" (common law citizens are kings) people.
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