How did Governments (read central bank puppets) build a Strategic Gold Reserve?
Discussion
Was there ever a SGR?
My understanding:
Gold coins > banks as custodians > banks issue notes fully backed > banks issue more notes than coins (fractional reserve) > central bank created as lender of last resort to local banks > local banks to deposit assets at central bank
Exec order 6102.
World war 1 and especially 2.
Zinses Zins
Theft
They started wars on other people's continents and then swapped gold for lumps of exploding steel. Simple really.
