Author Topic: The Spontaneous Remonitization of Gold and the Revival of Moribund World Trade  (Read 174 times)

Golden Oxen

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MUST READ ARTICLE MEMBERS.  Professor Fekete is predicting a return to gold and soon!

  The Spontaneous Remonitization of Gold and the Revival of the Moribund World Trade


New Austrian School of Economics and the Lips Institute

Summary

In the words of the Old Testament “the use of false weights and measures is the greatest abomination in the eyes of the Lord”. The Great Coin Melt of 1933 by Franklin D. Roosevelt certainly answers the description “greatest abomination”. He confiscated the gold coins of the American people; he melted them down and wrote up the value of the proceeds. He pretended to have compensated people for their stolen gold by giving them Federal Reserve notes in exchange. These notes have, in hardly more than a generation, lost 90 percent of their purchasing power.  full article...

   http://www.drschoon.com/articles%5CAEFSpontaneousRemonetizationOfGold.pdf

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