Through the 20th century, the United States federal government ceased to act foremost as a service provider to its citizenry and transitioned its **primary function** to global financial hegemon and centrally-controlled ledger.
It did this without the consent from (or awareness on the part of) its citizens through outright purchasing power theft.
In 1933 the federal government issued an executive order requiring citizens to turn in their gold or face up to a decade in jail.
In 1934 the Gold Reserve Act redefined a dollar from 1/20th oz of gold to 1/35th oz of gold _and_ citizens could no longer redeem their dollars for gold. **International creditors could still do so**.
This was an outright default towards the public _in order to finance an international monetary system._ They quite literally stole the people's purchasing power in order to set up a unilaterally-manipulable ledger that could make a killing with the rest of the world as its customers.
It did this without the consent from (or awareness on the part of) its citizens through outright purchasing power theft.
In 1933 the federal government issued an executive order requiring citizens to turn in their gold or face up to a decade in jail.
In 1934 the Gold Reserve Act redefined a dollar from 1/20th oz of gold to 1/35th oz of gold _and_ citizens could no longer redeem their dollars for gold. **International creditors could still do so**.
This was an outright default towards the public _in order to finance an international monetary system._ They quite literally stole the people's purchasing power in order to set up a unilaterally-manipulable ledger that could make a killing with the rest of the world as its customers.
I'm left wondering: how did people not completely flip their shit in 1933 and outright rebel?
If they had, we wouldn't be where we are right now. Their complacency at the time is the inertia that we're currently pushing against. Luckily, the outcomes of battles are primarily determined by technological advantages and we have the better tech this time around.
If they had, we wouldn't be where we are right now. Their complacency at the time is the inertia that we're currently pushing against. Luckily, the outcomes of battles are primarily determined by technological advantages and we have the better tech this time around.
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@2efaa715bbb46dd5be6b7da8d7700266d11674b913b8178addb5c2e63d987331 You’re on point getting off the gold standard was a terrible decision for the dollar.
