What was the #1 Cause of the Great Depression? Do eWe know the Truth?

Howdy peeps,

It's very interesting that most peeps don't know that Gold was the #1 Cause of the Great Depression but not just Gold, but rather, Gold Speculation Bonds that Congress had issued.

http://caselaw.lp.findlaw.com/scripts/getcase.pl?court=us&vol=294&invol=330

That's a case known as Perry vs. United States, 294 U.S. 330, 1935. If you read it you'll find out something no one has caught, Congress was issuing Bonds that had a Double-out:

1. Set % Interest
or
2. Gold Value

Congress is limited by the Constitution to issue only Bonds, they may not issue a Speculation Commodities Bond, or whatever you'd call that Gold Bond, but the addition of a monetary payment based on the value of Gold made that Bond unconstitutional and the reason Gold prices were so high at that time was because of the Gold Speculators on Wall Street driving up the prices to make more money from the Bonds.

So the Gold Speculators on Wall Street caused the Gold prices to skyrocket, with Congress paving the way, making gold coins worth more than face value and the Chinese were shipping out tons of our gold coins, melting them down, then selling it back to us as Bullion, similar to what they did with the Trade Dollar and the full copper Lincoln Cent today and that creates a economical void that should never occur, yet it's occurring again.

So the Great Depression was brought about by your wonderful Congress taking care of Wall Street Banker Business, their #1 business.



Ribbit

Ps: The Gold Speculation Bonds is what FDR was getting off the market, moreso than gold and the White House knew the Gold Bonds were about to lose their Gold Value Option. Does anyone know who all, White House staff-wise, sold their Gold Bonds just before the announcement? What about friends of the White House? Who all was selling the last week before the announcement? You don't know the answer to that!

Insider trading @ the White House level.

 

Here's the math:

There were four issues of Liberty Bonds:[2]

• Apr 24, 1917 Emergency Loan Act authorizes issue of $5 billion in bonds at 3.5 percent.
• Oct 1, 1917 Second Liberty Loan offers $3 billion in bonds at 4 percent.
• Apr 5, 1918 Third Liberty Loan offers $3 billion in bonds at 4.5 percent.
• Sep 28, 1918 Fourth Liberty Loan offers $6 billion in bonds at 4.25 percent.

From that, it appears 8 to 11 billion was still outstanding when gold was pulled off the market so at the low end of 8 billion, it would have cost the taxpayer almost $3 billion in addition, as per the stats but the earlier payouts included gold value payouts, so the overall loss was more, besides what we didn't lose.

That would have been a huge loss for the American Taxpayer, had FDR not stepped in and the gold coin being exported to China and abroad, that made it even worse but the high value of Gold was all facilitated by those stupid Gold Speculation Bonds that were absolutely unconstitutional but did the high court catch that and comment on it? Nope!

Ribbit