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| | Gold: The Sovereign Power of the Veto |
 | | Franklin Roosevelt's answer was two-fold: (1) confiscate the gold of American citizens in 1933, and, once the gold had come in and had been turned over to the privately owned Federal Reserve System, (2) raise the price by 75% in 1934, thereby transferring to the FED a huge windfall profit. |
 | | When it comes to gold standards, only one is real: a gold standard that has developed through voluntary exchange on a free market, in which counterfeiting is exclusively private and illegal under the statutes governing fraud. |
 | | If, in the proposed version of the gold standard that someone is pitching, any agency of civil government is the sovereign guarantor of warehouse receipts to gold, redeemable on demand, I strongly suggest that you keep your hand upon your wallet and your back against the wall. |
| www.lewrockwell.com /north/north82.html (4202 words) |
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