Escolar Documentos
Profissional Documentos
Cultura Documentos
coin money
regulate the value thereof
fix the standards of weights and measures
Section 19 death penalty for anyone caught debasing the nations money
coin money
emit bills of credit unbacked paper promissory notes as money
only gold and silver accepted as payment of debts
King George III refusal of honest money system cause for war
1791 First Bank of the United States opposed by Thomas Jefferson banking institutions are danger
1816 Second Bank of the United States Andrew Jackson (sworn enemy of the Central Bank)
1861 Abraham Lincoln financed War of Northern Aggression printing unbacked paper money
paper notes debt money among selves but not with government
1907 JP Morgan financial luminary exploited influence publishing rumors that a prominent bank in New York
in solvent? mass hysteria mass withdrawals Great Depression New York Stock Exchange down 50% - NYSE
prompted people to tell the government to Break the Grip of the Money Trust JP Morgan provided solution
Dec. 23rd, 1913 Federal Reserve was born cartel of counterfeiters began printing Federal Reserve Notes
government sanctioned note demand note redeemable only at Washington or member bank
1932 Franklin D. Roosevelt counterfeit-enabling President demonetized gold ending production in order to
stimulate economy
April 1933 FDR Executive Order 6102 10000$ fine / 10 years prison deliver, on or before May 1, 1933, gold
coins, gold bullions, gold certificates to Federal Reserve in exchange for $20.67 in Federal Reserve Paper - gold
raised %60 to $35 an ounce
1944 WWII - 730 delegates 44 allied nations Mount Washington Hotel Woods, New Hampshire rules and
regulations among worlds financial states
After WWII US emerged economic and military powerhouse - 50% of gold world wide
Bretton Woods Agreement British pound to US dollar as Worlds Reserve Currency redeemable - gold at $35 an
ounce
Bretton Woods Agreement major flaw nothing to prevent the Federal Reserve in expanding the supply of
federal reserve notes
1960s & early 70s Vietnam War Federal Reserve running budget deficits
Expenditures in Vietnam war made it clear to other countries that US was printing money more than then they
had in gold
French Under Charles de Gaulle became suspicious of US unable to honor Bretton Woods obligation US Gold
declined
August 15, 1971 Richard Nixon Defend the dollar against the speculators. suspend convertibility of the dollar
to gold end Bretton Woods Agreement steal gold to countries that trusted US
War on Drugs rise in national crime 1980s?
1973 King Faisal of Saudi Arabia only accept US dollars as payment of oil protection of oil fields
1975 same offer as 1973 to OPEC (Organization of the Petroleum Exporting Countries) only accept US dollars for
oil
In order for other countries to get oil sell physical goods to America assured use of dollar origin of Petrodollar
Petrodollar cycle goods to dollar; dollar to oil; oil to goods repeat for $$$ - kept OPEC in power
1975 1991 US used currency to outspend all other countries amass weaponry and military
1991 end of Cold War; collapse of communist bloc thought to be an era of peace and stability US invaded Iraq
(First Gulf War) George HW Bush and Bill Clinton Administration sanctions (decade) half million children
deaths Clintons Administration aware of deaths US Secretary of State Madeleine Albright price worth it
November 2000 Saddam Hussein trade oil for Euros 3.3 billion barrels of oil US bought 2.5 million but payed
in Euros direct attack on dollar
Bush Administration with help of mainstream media fabricated Iraq had WMDs (Weapons of Mass
Destruction) Iraq Axis of Evil
2003 US invaded Iraq - oil sales turned back to dollar costing Iraqis 17% of profits
March 2, 2007 General Wesley Clark memo to take out Iraq, Syria, Lebanon, Libya, Somalia, Sudan, Iran
Libya Gaddafi organize bloc of African countries create gold based currency Dinar replace dollar within
the region after Gaddafis death by rebels Set up Libyan Central Bank
China and Russia will not tolerate an attack on Iran and Syria
Iran key oil producing ally of China and Russia defensive pact with Syria