In 1933, as the financial crisis of the day reached its peak, Franklin Roosevelt launched a full scale confiscationof depositors money. This “bank holiday” was supposed to be a cooling off period. But in reality it was merely a strong-arm tactic to control those whose only concern was for their and their family's well being.
To prevent panicked citizens from “hoarding” gold, he signed the gold confiscation act. Forcing individuals to surrender their personal gold holdings for $20.60 per ounce. Then he revalued gold at $35 an ounce! Instantly boosting the value of the government's gold. And instantly making those who turned in their gold 43% poorer...
In 2008, Argentina nationalized all $30 billion of its citizens' private retirement savings. But before they took this extraordinary action, they took steps to make the public believe it was for their own good...
The government has flooded the financial system with so much money in just the past 8 years, they've devalued the US dollar by 42%!
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