The 1934 United States Security and Gold Act Theft

ronaldwederfoort

The 1934 United States Security and Gold Act Theft

In 1934 a new Securities Act was promulgated in the United States, together with the Gold Reserve Act, which required all bullion gold and gold coin to be surrendered to the Federal Reserve (FED), a private corporation that is chartered (illegally) to operate as the Central Bank of the United States and the issue of the United States Dollar.

Domestically-owned gold was purchased. Foreign Gold held by the Treasury was also surrendered to and leased to the FED, which resulted in the issuance of the series of 1934 Notes by the FED. These FRN’s have never been redeemed, and the accrued interest was met by the subsequent issue of certain 1968 series of Kennedy Bonds.

The 1934 series FRN’s were issued throughout the period of the Chinese civil war to assist Kuomintang operations in China. These 1934 FRN’s guarantee the lease…

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