“The long-lasting imprint from FDR’s famous ‘Hundred Days’ did not stem from the bank holiday, national industrial recovery act, the farm adjustment act, the Tennessee Valley Authority, or the public works administration. Instead, it is lodged in the footnotes of standard histories; namely, FDR’s April 1933 order confiscating every ounce of gold held by private citizens and businesses throughout the United States. Shortly thereafter he also embraced the Thomas Amendment, giving him open-ended authority to drastically reduce the gold content of the dollar; that is, to trash the nation’s currency.”
FDR: Sowing the Seeds of Chaos
- Post author:The Freedom Watch Staff
- Post published:September 11, 2013
- Post category:Network Archives / The Freedom Watch
Tags: Bandit Gang Writ Large, Bankocracy, CLibertyC, constitutional liberty coalition, Crisis Begets Opportunity, economic Trends, Essays, for life and liberty, Imperial Presidency, money, Precious Metals, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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