The Expiation of the FED by James Gilmore

The Expiation of the FED

James Gilmore

176 pages missing pub info (editions)

nonfiction history

Description

The Federal Reserve Act stipulates that all of the 12 Fed banks "have reserves of gold certificates equal to 40% of Federal Reserve notes in circulation or equal to 35% of their deposits." In 1927 the Fed's original (1913 20-year franchise) was al...

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