yes some who knows their history, im not even american and i know this. the depression was created by bankers to further their monopoly of banks and buy corporations for cheap, it was the federal reserve that convinced the president to abolish the gold standard. i believe it was around 1933 and people had to turn in their gold to help the depression, thats when money became legal tender. when infact the fed constricted the supply, the exact opposite of what they were supposed to do. to solve pro
-- IF dollar was backed by GOLD today ... Gallon of gasoline would be 3 c ...
and we would be making 500-1000 dollars per year ...
and Loaf of bread would be 1c ... gallon of milk 2 c ...
and so on ... WE would all have higher PURCHASING power ...
aviomaster 1 year ago
yes some who knows their history, im not even american and i know this. the depression was created by bankers to further their monopoly of banks and buy corporations for cheap, it was the federal reserve that convinced the president to abolish the gold standard. i believe it was around 1933 and people had to turn in their gold to help the depression, thats when money became legal tender. when infact the fed constricted the supply, the exact opposite of what they were supposed to do. to solve pro
peterbaelish3 3 years ago