While the army and navy of the United states are in the Pacific, fighting “for a world in which this [n]ation, and all that this [n]ation represents, will be safe for our children,” Democratic (socialist/fascist) President Truman signs the Federal Reserve Act of 1945, reducing the gold reserve requirements for Federal Reserve System of (central) Banks from 40 percent on notes and 35 percent on deposits to 25 percent on both. Also the FRScBs are granted the power to issue Federal Reserve Bank Notes without gold backing.
[added 8/9/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Senate Resolution 510, 59 Public Statutes at Large 237 (1945).
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
Current U.s. National Debt:
