August 4, 2018
Compiled by Lisa Phillips of OpDeepState.com
When currency was backed by gold, a central bank’s main function was to maintain the value of the issued currency in terms of gold. For example, if a central bank created too much money against the gold reserves in the banking system, an increasing number of people would begin to exchange their currency for gold. To combat this, a central bank would be forced to raise interest rates and decrease the money supply. The higher interest rates would incentivize people to exchange gold for larger savings on deposit that earn interest. Banking reserves – gold – would return to the banking system and the economy would return to balance. The prime reason for insisting on defining currency in terms of a precious metal was to provide a self-correcting braking mechanism to the creation of money.
At least that was how it was supposed to work, but behind the scenes, the Exchange Stabilization Fund was operating without oversight of the US Congress and the US Treasury, accountable to no one.
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After months of work, the video series on the Treasury’s Exchange Stabilization Fund is finally finished! Why you should watch these five videos: It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA’s black budget, and is the architect of the world’s monetary system (IMF, World Bank, etc).
ESF financing (through the OSS and then the CIA) built up the worldwide propaganda network which has so badly distorted history today (including erasing awareness of its existence from popular consciousness). It has been directly involved in virtually every major US fraud/scandal since its creation in 1934: the London gold pool, the Kennedy assassinations, Iran-Contra, CIA drug trafficking, HIV, and worse… These five videos are the “answer” I have arrived at after three years of blogging on MarketSkeptics.com. They took me a month and a half to make (and months of research). You will not find the material covered anywhere else. – Eric deCarbonnel
This five part video series explains the theft of America’s gold, who did it and why.
Part 1:5 Covert Operations & The Exchange Stabilization Fund & Its History
Part 2:5 Covert Operations & The Exchange Stabilization Fund & Its History
Part 3:5 Covert Operations & The Exchange Stabilization Fund & Its History
Part 4:5 Covert Operations & The Exchange Stabilization Fund & Its History
Part 5:5 Covert Operations & The Exchange Stabilization Fund & Its History
Published (mirrored) on January 26, 2016 courtesy of 911truthncDotOrg
For more information on the Federal Reserve: