The Gold Crisis is flouted: Democratic (socialist/fascist) President Lyndon Johnson signs the Gold Reserve Elimination Act, relieving the unlawful Federal Reserve System of (central) Banks of backing any of its banknotes (Bills of Credit) with gold (lawful Money).

       Postscripts:

• The following month, despite continued interventions by the privately owned Federal Reserve System of (central) Banks, the central Bank of England, and the Swiss National (central) Bank (along with massive gold sales by the communist Soviet Union) the “dollar” had fallen to 44 per ounce of gold.
• Within the next three years more than half of the Gold unlawfully seized by Democratic de facto President Franklin Roosevelt 35 years previous had been delivered to European central banks.

       NOTES:

• Foreign central banks began to see that the “dollar” was overvalued against gold at 35.20 “dollars” per ounce.  They began trading their Federal Reserve Notes (Bills of Credit) for gold bullion.  As a consequence the U.s. supply of gold bullion dropped over the course of the previous two decades from 19,873 tons to 8,391 tons.
• This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

       [restored 10/22/2022]