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Manufactured
Prosperity
The first Coinage Act enacted in
Congress in 1792 fixed the basic coin at 371.25 grains of pure silver or 416
grains of standard silver and called it the "dollar" or "Unit." In 1868 the
Supreme Court unanimously said that nothing other than coined money had been
recognized by the legislation of the national government as lawful money.
(Bank vs. Supervisors, 7 Wallace, p. 30.)
Until
1934 the promise on our paper currency to pay "dollars" in "lawful money" meant
exactly what it said. Today we continue to use the words dollars and lawful
money out of habit and custom, and overlook that we no longer have either
dollars or lawful money.
At one time the U.S. was on a gold standard
which meant every dollar was backed by actual wealth in the form of gold
bullion. The law originally required that 40 percent of all federal reserve
notes be backed by gold. In 1933 the gold standard was ended, and we went on a
silver standard. Now our currency was backed with actual wealth in the form of
silver, which is more plentiful than gold. In 1945 Congress reduced the backing
to only 25 percent.
In 1964 we went off the silver standard and
basically today our paper money is worthless. There is nothing of real value
backing it up. The ONLY value the American dollar has is our confidence
and belief that it does have value!
The vaults of Fort Knox, once
brimming with gold, are now reported to be empty. The gold has been given to
the Europeans. Because of American debt, the international money masters
demanded and got our gold. It was drained through what is called the "London
Gold Pool," an agency of the world's most powerful bank. It is now lodged
deeply in the underground vaults of the Bank for International Settlements in
Basil, Switzerland.
Only a small number of U.S. congressmen are aware
of the great gold scandal. Recently, this handful of congressmen began to
demand that the Federal Reserve be audited so it could be determined what has
been done with this gold and how the Federal Reserve is manipulating our
currency. The Federal Reserve has stonewalled at every turn, and the White
House has shunned all attempts to put pressure on the Federal Reserve. It is
clear that the influential men who run our money supply do not want the truth
to get out.
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