The New Deal I (1933 – 1934) continues: Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Homeowners Refinancing Act of 1933, creating the Homeowner’s Loan Corporation. The HLC is initially capitalized at 200,000,000 Dollars, with the authority to raise another 2,000,000,000 Dollars through bonded indebtedness.
NOTE: As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[added 7/8/2022] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 332.
Encyclopedia of Banking and Finance, s.V. “New Deal,” 753.
Homeowners Refinancing Act – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Homeowners_Refinancing_Act
Current U.s. National Debt:
