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News Alerts

RV/INTELLIGENCE ALERT - August 23, 2017

[ SUSHI - SITREP - WEDNESDAY ]

QUANTUM BANKING SYSTEM INSTALLATION WAS COMPLETED AS OF JANUARY 1, 2017.

TRUCES IN UKRAINE AND ISRAEL TO SIGNIFY THE CABAL'S SURRENDER.

CHINA IS IN COMPLETE CONTROL OF NORTH KOREA. THE MISSILE TESTS WERE TO TRAP NETANYAHU AND TRUMP.

BLUE TIE TRUMP IS A CLONE AND IS WORKING FOR THE RESTORED REPUBLIC.

BLUE TIE TRUMP WILL BE THE ONE TO RESIGN AND PENCE WILL PARDON HIM.


READ FULL SITREP


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FOR MORE INFORMATION ABOUT THE RV/GCR VISIT:


http://www.dinarchronicles.com/intel.html


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Featured Post

GCR/RV Intel SITREP: "Reasons" -- August 23, 2017

Source: Dinar Chronicles There are reasons why the Trump personality has been on television three times in three days. There are reaso...

Tuesday, May 16, 2017

History of the US Gold Standard

US Gold Standard History



Source: Dinar Chronicles

1900

Concerned that the U.S. might be returning to a bimetallic system, Congress passes the Gold Standard Act, making the gold dollar the official unit of currency. Greenbacks remain as legal tender but for the first time can be redeemed in gold.

1913

In response to periodic banking panics when gold reserves fell short, the Federal Reserve is established as a lender of last resort. The Fed is not only charged with maintaining the gold standard but also starts issuing Federal Reserve notes that are 40 percent backed by the yellow metal.

1933

Four years after the Wall Street Crash of 1929, the Fed removes the U.S. from the gold standard to expand monetary policy. Convertibility, therefore, is ended.

“The free circulation of gold coins is unnecessary,” President Franklin Roosevelt tells Congress, insisting that the transfer of gold “is essential only for the payment of international trade balances.”

Roosevelt nationalizes gold by issuing an executive order requiring all gold coins, bullion and certificates to be turned over to the Fed at $20.67 per ounce. Hoarding gold in coin or bullion is punishable by a fine of up to $10,000 and/or jail time. These policies are reinforced in the Gold Reserve Act of 1934.

1944


Representatives from the U.S. and 43 other countries meet in Bretton Woods, New Hampshire, to normalize commercial and financial relations. The agreement is a quasi-gold standard whereby each currency other than the U.S. dollar has a fixed parity to the dollar, which itself is pegged to and can be exchanged for gold at $35 per ounce. (This does not apply to Americans, however, who still can’t hold gold.) The dollar becomes the world’s reserve currency.

1971

President Richard Nixon “closes the gold window” after announcing the U.S. would no longer convert dollars into gold. This move is initially supposed to be temporary, but in 1976 the U.S. monetary system officially becomes one purely of fiat money. Gold rises 2,330 percent during the decade, from $35 per ounce to $850.

2012

The Federal Reserve Bank's 99-year contract to print legal tender for the United States of America, Inc. expires and the private bank defaults and is absorbed by its top major creditors: China, Russia and India--all of whom have modern gold standard based currencies.

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