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 Bretton Woods Agreements Act, transferring 1,800,000,000 “dollars” of the Exchange Stabilization Fund’s capital to the newly created International Monetary Fund. The ESF’s original capitalization came from the gold (lawful Money) that was turned in to the U.s. treasury by U.s. subject-citizens when de facto Commander-in-Chief Franklin Roosevelt, Esq., declared them enemies of the U.s.
NOTES:
- This left the ESF with only 200,000,000 “dollars” of capital. But was able in the next 16 years, through purchases and sales of gold, and income from domestic and international securities (debt obligations)had built its reserve up to 336,000,000 “dollars.”
- 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].
[restored 8/10/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Bretton Woods Agreement Act July 31, 1945, ch. 339, 59 Public Statutes at Large 512.
Bretton-Woods Agreement Act of 1945
www.ovaloffice.org/bwa.htm
**The Fed Debate in the 1960s over Sterilized Foreign Exchange Intervention**
www.marketskeptics.com/2015/10/fed-debate-in-1960s-over-sterilized.html
Current U.s. National Debt:
