The Board of Governors of the unlawful privately owned Federal Reserve System of central Banks urges member banks to cease making margins loans for the purchase of common stock (having voting rights, but paying no guaranteed dividends).
NOTE: The stock market bubble that was about to burst was caused by the FRSB overextending itself—over the previous eight years—by issuing 63% more Federal Reserve notes (Bills of Credit) than it was able to redeem for gold and silver Coin (lawful Money).
[restored 6/28/2022] Thanks to Chuck McGlawn for this entry.
Subsequent Events:
References:
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
A History of the Panic of 2008
www.freedomworks.org/uploads/crisis.pdf
Current U.s. National Debt:
