OrlyTaitzEsq.com

TaitzReport.com

Defend Our Freedoms Foundation (DOFF)
29839 Santa Margarita Pkwy, Ste 100
Rancho Santa Margarita CA, 92688
Copyright 2014

Review of Politics, Economics, Constitution, Law and World Affairs by Attorney and Doctor Orly Taitz


If you love your country, please help me fight this creeping tyranny and corruption.
Donations no matter how small will help pay for airline and travel expenses.





The articles posted represent only the opinion of the writers and do not necessarily represent the opinion of Dr. Taitz, Esq., who has no means of checking the veracity of all the claims and allegations in the articles.
Mail donations to:
Defend Our Freedoms Foundation, c/o Dr. Orly Taitz
29839 Santa Margarita Pkwy, Ste 100
Rancho Santa Margarita, CA 92688.
Contact Dr. Taitz at
orly.taitz@gmail.com.
In case of emergency, call 949-683-5411.

When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

From a reader Mr. Fitzgerald- how our dollar lost 98% of it’s value

Posted on | July 4, 2009 | 3 Comments

 
sfitzgerald

The more I learn about FDR, the less I like him. Apparently, FDR lied often to the American People. For example, the first lie was a 1932 campaign promise to keep the gold standard. The gold standard is set forth in the US constitution, Article One, Section Ten. FDR promised We the People he would not follow England’s lead and take gold out of circulation. Guess what? That is one of the first things he did as prez. Confiscated the gold and devaluated the Dollar. Gold was set at $20.00 an ounce. FDR set a new standard of $35.00 per ounce. That devaluated the dollar by almost half!

Then the Federal Reserve printed lots of paper bills, so the common citizen hardly seemed to notice.

And there you have the very beginnings of our long, slow decline to an almost worthless Federal Reserve Note. The “dollar” has lost almost 98% of it’s Constitutionally mandated purchasing power. More sad news is the Supreme Court of the ’30’s ruled in favor of FDR. :-(

 Did FDR
Category: Uncategorized

Comments

3 Responses to “From a reader Mr. Fitzgerald- how our dollar lost 98% of it’s value”

  1. live oak
    July 4th, 2009 @ 7:54 pm

    FDR was a terrible man!

  2. Emilie C
    July 4th, 2009 @ 8:05 pm

    Hello! Old news but I guess better late than never.

  3. Bacsi
    July 5th, 2009 @ 5:10 am

    Fitzgerald: “The gold standard is set forth in the US constitution, Article One, Section Ten”

    Actually that section is about specifying powers denied to the states, not powers given to the federal government. In regards to gold it only says that the states can not require any thing except gold or silver coin for payments. Meaning, a state could accept say, barrels of wine in lieu of gold for taxes owed but it couldn’t require payment in wine – or paper dollars for that matter.

    I agree in principal that gold is probably the best foundation to use for a monetary standard; however, if so then all currency should reflect that value in ounces of gold, not dollars or cents. Meaning that if you wish to maintain the term ‘dollar’, then you set it’s value at so many parts of an ounce of gold, and that value is detailed on the bill or coin. However, true wealth is not the gold or the currency; true wealth is the productivity of the nation as in crops, manufacturing, energy produced, security, etc. Because of that, the actual amount of wealth reflected by the monetary system, i.e. that ounce of gold, will vary depending on circumstances. The basis of the financial problems besetting us now lies in the fallacy of believing a piece of paper is wealth when all it really is is a medium of exchange like a newspaper coupon.