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WW2 did not end the depression... After WW2, taxes were reduced by about 1/3, and spending was cut about 1/2... That's when the depression ended. The war was a cost, and unfortunately pro-longed the depression. As did all the intervention from the government and the Fed...
what's this moron yakking on about? 20% of what he says is true and a revelation for most lay people, but the other 80% of what he says is made-up bullshit.
@jbperez808: No, unfortunately everything he is saying is true. People are just starting to wake up to this, which is why there is massive legislation being introduced to audit the fed, as well as nation wide protests to End the Fed
What was meant be "coin and regulate the value there of" was the government would set standards for how gold was weighed, melted down, and molded into coins. This was for consistency across the Federation.
Thus, people who found gold could use these standards to make currency that was recognizable by everyone.
In 1933 there were 3000 local currencies in circulation.
Remember, the volume of money was much lower because most people grew their own food. No need to purchase. :)
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Thus, people who found gold could use these standards to make currency that was recognizable by everyone.
In 1933 there were 3000 local currencies in circulation.
Remember, the volume of money was much lower because most people grew their own food. No need to purchase. :)