Abodia.com

In 1933, when most privately-held gold was confiscated by the Federal Reserve System under Executive Order 6102 and obligations payable in gold were outlawedunder H.J.R. 192 (Public Law 73-10), the substance-backed economy was replaced by afinancial system based upon credit (IOU’s) which is currently failing under the weight of itsown nature. ................
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