The Great Gold Robbery: The US Rothschild – FED! History Always Repeats Itself
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In the early years after the creation of the Rothschild-owned FED, the US was still on a gold standard for its currency; new money could be issued by the FED only if it had at least 40% of that amount in gold.
But, as the Jewish bankers have always done in every country, they issued paper currency far beyond the permitted limits, which was the prime cause of the 1929 Great Depression.
By 1933, the FED had only about 6,000 metric tons of gold in its vaults, and was about 50,000 tonnes short for the paper currency it had issued. The public were aware generally of what was happening and, with concerns of US paper money becoming worthless, were spending the paper and hoarding the gold coins and bars, while small banks and companies were hoarding gold bullion. There was no way out of this trap.
The FED needed a huge infusion of gold to prevent a collapse of the currency, but its owners had no intention of investing their own money to prevent the financial collapse of America. Their solution was to convince Roosevelt and Congress that the real problem was citizens preventing the economy from naturally prospering, by holding gold.
On their advice, Roosevelt passed the famous 1602 provision which confiscated all the privately-held gold (in all forms) in the US, all citizens forced to turn over their gold to the FED, under penalty of a $10,000 fine plus a 10-year prison sentence. Note that the gold was not surrendered to the US Treasury Department, but to the privately-owned FED.
The gold was exchanged for paper money, meaning that the owners of the FED used the power of the US government to confiscate all the privately-held gold in the US, at only the cost of printing paper.
According to available records, individual citizens surrendered nearly 3,000 metric tonnes of gold, mostly in coins. The amount of gold bars and bullion surrendered from the private sector is extremely difficult to determine accurately.
All historical analyses focus on the gold coinage and ignore the bullion, yet this had to be by far the larger part since it was a standard clause in commercial contracts at the time that settlements would be made in gold and both companies and banks had to be in possession of large stocks of it.
The historical studies go to great lengths to trace all the gold coinage produced, to estimate the amount remaining in circulation and thus the amount surrendered to the FED. It would seem the easier method would be to simply request of the FED the amount of coinage surrendered, but the FED apparently refuses to part with this information, and is dead silent on the matter of bars and bullion.
My estimate for the bullion was around 6,000 or 7,000 tonnes as a minimum, for a total of about 10,000 tonnes, but Seagrave quotes credible sources claiming the FED purchased 18,000 tonnes so I will use that figure.
However, this was nowhere near sufficient to cover the 50,000-tonne shortfall, so the Jewish bankers – led by the Jew Morgenthau, who was then Secretary of the Treasury – devalued the US dollar by about 70% immediately after the gold had been confiscated, thus raising the gold price from $20 to $35, and substantially reducing the FED’s shortfall.
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But this was with the tragic result that Americans were not only cheated by the loss of their only real cash asset, but of the 70% loss in value. There were lawsuits of course, with the courts essentially determining that the government’s action was illegal and unconstitutional, but that citizens had no recourse.
In summary, to bail out the FED, Rothschild (or his colleagues) convinced Roosevelt to pass a law permitting Rothschild to confiscate all the privately-held gold in America and to devalue by 70% the paper given to Americans in return for that gold.
Those 18,000 metric tonnes of gold had a value then of about $20 billion*, taken from the people in the middle of the worst recession in living memory, surely one of the cruelest and most inhumane acts possible at the time.
A gold run on the Federal Reserve bank was imminent, and this entire act was simply to prevent the financial collapse of the FED – at the cost of further impoverishing the population and extending the Great Depression by years.
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