6139008-History-of-Money

1933Possession of gold is outlawed. U.S. citizens forbidden to own gold by order of President Roosevelt. Citizens robbedof their gold. Money supply increased by Fed after Congress blackmailed into passing amendments to increase theFed’s powers over the money supply.1960 Goldfinger begins to steal U.S. gold reserves from Fort Knox.1971 U.S. is off the gold standard. Foreign holders of dollars are promised U.S. land as collateral instead of gold.1990 Fall of the Soviet Union. U.S. gold reserves start to move to European Central Bank.The Federal Reserve dollar is the official currency of the United States. It is also widely used as a reserve currencyoutside of the United States. Currently, the issuance of currency is controlled by the private Federal Reserve Bankingsystem. The most commonly used symbol for the U.S. dollar is the dollar sign ($). The ISO 4217 code for the UnitedStates Dollar is USD. When currently issued in circulating form, denominations equal to or less than a dollar are emittedas coins while denominations equal to or greater than a dollar are emittedas Federal Reserve notes. Until 1974 the value of the United States dollarwas tied to and backed by either silver, gold, or a combination of thetwo. From 1792 to 1873 the U.S. dollar was freely backed by both goldand silver at a ratio of 15:1 under a system known as bimetallism.Through a series of legislative changes from 1873 to 1900, the status ofsilver was slowly diminished until 1900 when a gold standard was formallyadopted. The gold standard survived, with several modifications, until1974. Modern U.S. dollar banknotes have been printed by the FederalReserve since 1929. Notes above the $100 denomination ceased beingprinted in 1946. Below are some Federal Reserve Notes from the privatecentral bank known fraudulently as the US Federal Reserve System, i.e.these are not the original public US Government United States Noteswhich are much less than 1% of the notes in circulation. Both UnitedStates Notes and Federal Reserve notes are parts of the national currencyof the United States and both are legal tender. They circulate as money inthe same way. However, the issuing authority for them comes fromdifferent statutes. United States Notes were redeemable in gold until1933, when the United States abandoned the gold standard. Since then,both currencies have served essentially the same purpose, and have hadthe same value. Because United States Notes serve no function that is notalready adequately served by Federal Reserve Notes, their issuance wasdiscontinued, and none have been placed in to circulation since January21, 1971.United States Notes (characterized by a red seal and serial number)were the first national currency, authorized by the Legal Tender Act of1862 and began circulating during the Civil War. The Treasury Departmentissued these notes directly into circulation, and they are obligations of theUnited States Government. The issuance of United States Notes is subjectto limitations established by Congress. It established a statutory limitationof $300 million on the amount of United States Notes authorized to beoutstanding and in circulation. While this was a significant figure in CivilWar days, it is now a very small fraction of the total currency in circulationin the United States.GREENBACKS were a form of paper currency in the United States, sonamed from the green colour used on the backs of the notes. They aretreasury notes, and were first issued by the government in 1862, “as aquestion of hard necessity,” to provide for the expenses of the Civil War.The first act, providing for the issue Of notes to the amount of$150,000,000, was that of the 25th February 1862; the acts of 11th July1862 and 3rd March 1863 each authorized further issues of $150,000,000.In January 1879 the nominal amount of notes then stood at $346,681,000,which is still outstanding. The so-called Greenback party (also called theIndependent, and the national party) first appeared in a presidentialcampaign in 1876, when its candidate, Peter Cooper, received 81,740votes. It advocated increasing the volume of greenbacks, forbidding bankissues, and the paying in greenbacks of the principal of all governmentbonds not expressly payable in coin. In 1884 their candidate Benjamin F.Butler (also the candidate of the Anti-Monopoly party) received 175,370 votes. Subsequently the party went out ofexistence. Peter Cooper wanted to free the people from the yoke of the privately owned central banking systemscontrolled by the Rothschilds & associates. "At a reception in his honour in his later years he summed up his philosophy: 'IThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 384