Deciphering Role of Debt Consolidation Loans
Today we're going to take a look back in time, way back in time in the United States of America when a dollar was a dollar and gold was a very precious commodity.
As mentioned earlier and way back when in 1933 when President Roosevelt was inaugurated into the Presidency of the United States the National Emergency Banking Act was passed simultaneously with this inauguration.
The act was in response to individual consumers and citizens not being able to withdraw money from their own banks.
The political and governmental answer to this was to call for what is now known as the bank holiday.
We will get to the point of this review about debt consolidations and gold in 1933 in a little bit but first we want to lay the groundwork for use at your firm understanding of what life was like way back then.
Rights Challenged The state of the present economy in 2010 is much like it was in the beginning of 1933 as the Great Depression started to get cranked up in America.
The banks were running out of paper money and the money that they were given out was worth much less than it was when it was deposited even a month before.
This upset and angered the American public and rightfully so and in response to this anger and condemnation the Federal government passed the National Emergency Banking Act in 1933.
Fearing civil rights and political unrest through the streets of the major cities of America with the redundancy of the bank situation the Federal government did what they felt they had to do and that was to open up business for gold transaction.
Gold For Sale This needs to be clarified as not a choice for the American people but more of a demand and a law that required the American people to turn in their gold.
The price that the government got back then was 26.
22 for an ounce of gold.
While this may seem as a tidy sum of money for an ounce of gold you have to hear the whole story and that it ends with the federal government repricing that same ounce of gold for $35.
Now that we have you in tune with the anger and resentment toward the federal government that these honest hard-working American individuals who want to get their money back at of worthless banks during the Great Depression felt it is I tend to what the federal government is leaning towards doing in today's overdid American society.
One day, maybe as soon as next year, the federal government will once again call for a bank called and the circumstances may be a bit more frightening than just going to jail in 1933.
Debt Consolidation Loans Resources
As mentioned earlier and way back when in 1933 when President Roosevelt was inaugurated into the Presidency of the United States the National Emergency Banking Act was passed simultaneously with this inauguration.
The act was in response to individual consumers and citizens not being able to withdraw money from their own banks.
The political and governmental answer to this was to call for what is now known as the bank holiday.
We will get to the point of this review about debt consolidations and gold in 1933 in a little bit but first we want to lay the groundwork for use at your firm understanding of what life was like way back then.
Rights Challenged The state of the present economy in 2010 is much like it was in the beginning of 1933 as the Great Depression started to get cranked up in America.
The banks were running out of paper money and the money that they were given out was worth much less than it was when it was deposited even a month before.
This upset and angered the American public and rightfully so and in response to this anger and condemnation the Federal government passed the National Emergency Banking Act in 1933.
Fearing civil rights and political unrest through the streets of the major cities of America with the redundancy of the bank situation the Federal government did what they felt they had to do and that was to open up business for gold transaction.
Gold For Sale This needs to be clarified as not a choice for the American people but more of a demand and a law that required the American people to turn in their gold.
The price that the government got back then was 26.
22 for an ounce of gold.
While this may seem as a tidy sum of money for an ounce of gold you have to hear the whole story and that it ends with the federal government repricing that same ounce of gold for $35.
Now that we have you in tune with the anger and resentment toward the federal government that these honest hard-working American individuals who want to get their money back at of worthless banks during the Great Depression felt it is I tend to what the federal government is leaning towards doing in today's overdid American society.
One day, maybe as soon as next year, the federal government will once again call for a bank called and the circumstances may be a bit more frightening than just going to jail in 1933.
Debt Consolidation Loans Resources
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