1917 June 21 - Enable unlimited government spending: While the Army and Navy of the United States are in France "making the world safe for democracy," Congress passes the unconstitutional Federal Reserve Act of 1917, requiring that all commercial banks in the nation deposit their gold (lawful Money) with the Federal Reserve System (central bank).
1927 February 27 - Enable unlimited government spending: Congress passes the Federal Reserve Act of 1927, indefinitely extending the charter of the Federal Reserve System.
1920s - Enable Roaring 20s: With easy credit the Federal Reserve floods the economy with so much unneeded money that much of it is invested in the stock market or used to expand farms and other speculative acts.
1929 - Cause Recession: The Federal Reserve Board of Directors suddenly reduces credit to end the speculation, causing investors, farmers and others to withdraw their savings from banks that were authorized to loan more than they had (fractional reserve banking), so the banks ran out of money and many lost everything.
1930 June 16 - Cause Depression: With the nation's economy barely in recovery, President Hoover signs the Smoot-Hawley Tariff Act, raising tariffs 46%. This provoked a worldwide trade war resulting in an almost complete cessation in foreign trade, thus turning the Panic of 1929 into the worldwide Great Depression.
1933 March 6 - Defraud Americans and extend depression: Franklin Roosevelt issues Proclamation 2039 (Bank Holiday) under the authority of the Trading with the Enemy Act of 1917, as amended--"[T]he President ... may prohibit ... by means of licenses, or otherwise ... the export [or] hoarding of gold or silver [C]oin." -- all (commercial) banks are to suspend business operations for three business days, and cease redeeming legal tender Federal Reserve Notes (Bills of Credit) for gold Coin (lawful Money). The Trading with the Enemy Act was thought to have been automatically repealed with the ratification of the 1921 peace treaty with Germany, but Roosevelt found an appointee-candidate who rendered a legal opinion that the act might still be used. Every act of FDR hobbled free market recovery, extended the depression, increased the debt, and eventually bankrupted the U.S. FDR then used trade restrictions to goad Japan into attacking Pearl Harbor (False Flag 5), so he could incite Americans to enter WW II, and extend his presidency as a "war president".
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