43 Years Ago: HOW FAKE MONEY BECAME LEGAL MONEY: THE AFFIRMATION OF THE NIXON SHOCK

justiceleague00's avatarJustice League

Great piece by Liberty Road Media website:

Nixon, 9th Circuit and how fake money became “Lawful Money”

Here’s what happened in a nutshell: 1) Bank of America picked Dick Nixon, 2) Dick Nixon picked some federal judges, 3) Dick Nixon created the pure fiat/imaginary/out-of-thin-air/fictional money we now use and that is a banker’s wet dream, 4) and then Dick Nixon’s judges affirmed that the fake money is real money.  So let’s take these four points one at a time.

1. Obviously, we have the letter from H.L. Perry pictured above, which is on display at Nixon’s birthplace in Yorba Linda, CA.  We also have the following account from pioneering independent journalist Mae Brussell, from an August 1972 issue of The Realist magazine:

“In August, 1945, a Committee of One Hundred Men located in California placed an advertisement in 26 newspapers:

WANTED — Congressman candidate with no previous political…

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Federal Home Loan Mortgage : Ackman files second lawsuit against U.S. government

justiceleague00's avatarJustice League

(Reuters) – Activist Bill Ackman’s Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae (>> Federal National Mortgage Assctn Fnni Me) and Freddie Mac (>> Federal Home Loan Mortgage Corp), court documents show.

In Friday’s complaint with the U.S. District Court, Pershing Square alleged that the Department of the Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.

Pershing Square, the largest shareholder of both the mortgage companies, said in the complaint that it was told the Fannie and Freddie stockholders no longer have fundamental shareholders rights.

Fannie’s and Freddie’s conservator, Federal Housing Finance Agency (FHFA), denied “written demands by Pershing Square to the companies’ boards of directors for a books and records inspection”, according to the complaint.

In the second lawsuit, Pershing suggests the mortgage companies’ dividends being paid to…

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