1932: Playing with the Japanese Communist Party with a doll

Can we really investigate?

If anything is found out, Commissioner Smith will be embarrassed.

But with the Fed playing this game, who would still believe you can repay on time?!

Although Ms. Field's initial estimate was that only 200 tons were lost, who knows how much was actually lost?

How much gold is left in the Federal Reserve's vaults? Has the remaining gold been lost? Has it been replaced with counterfeit gold? Could it be...

Once such doubts arise, they cannot be contained and will snowball into a loss of trust in the Federal Reserve.

What will be the fate of a financial institution that loses the trust of its customers? Need I say more?

Finance is a game of capital, but even more so a game of confidence. The Federal Reserve is beyond help.

Now, everyone is waiting for the woman in the ruins to come out and make the final decision.

"...So, you discovered the missing gold a few days ago?" "Yes...yes..."

The vault manager, whose hair had turned half white overnight, replied timidly:

"Three days ago, Japan and the United States had a large transaction that required the use of gold. When I personally went to the vault to move the gold bars, I found that the pile of gold bars was empty. Then I randomly checked a few more and found the same situation..."

Well, the commander's procurement plan.

Haruta looked at Chief Maloney, whose face was pale, and another police officer taking statements at the same time, and continued calmly:

"Then why didn't you report it?"

"This... I dare not..."

The person in charge was about to cry:

"I really didn't steal the gold! But...but..." "But everyone will think it was you!

But you're not wronged.

Because, this vault hides a bigger secret...

"Besides you, who else knows the password to this vault?" "And Chairman Meyer and..."

"hehe.…."

Not only Haruta and Maroni, but also the other celebrities and citizen representatives who were invited into the vault as witnesses all sneered, and one of them even cursed out loud:

"Damn the Jews!"

No one believed that such a shocking case as the loss of 200 tons of gold according to preliminary statistics could be done by a mere vault manager. There must be someone with a higher status cooperating with him.

For example, Federal Reserve Chairman Meyer. Who is he?

Jews, belonging to the Meyer family, own Lazard. And the shareholders behind the control of the Federal Reserve are basically Jews.

Hot knowledge: During World War II, it was not only Germany and Europe that were anti-Semitic. The reputation of Jews in the United States was also very bad, especially during the Great Depression.

In fact, many people have long suspected that the Great Depression was deliberately created by Wall Street and the foolish U.S. Treasury in order to reap the wealth of the people;

How else to explain the Fed's incredibly stupid policies?

Otherwise, how did the "Second Depression" of 1930 come about?

In short, the Jews, especially Jewish capital, have a very bad reputation for their greed, and no one, including themselves, doubts that they would not do such a thing.

If the thugs hadn't broken into the Federal Reserve vault and caused the explosion, who knows how long this secret would have been kept secret!

Hey!

Even though Meyer was severely injured, he might have acted on purpose! The person in charge of the vault is the scapegoat they are planning to push out! Humph!

Fortunately, Ms. Field had the foresight to insist on conducting the interrogation in the vault, otherwise, who knows...

After the fifth interrogation, a group of investigators, wearing only a pair of shorts, came out of a storage room deep in the vault and reported to the impromptu investigation committee one after another:

"Ms. Field, Britain lost 80 tons of gold!" "France lost 65 tons!"

"Japan lost 152.7 tons!" "Italy..."

"..."

After a thorough calculation, everyone present was almost unable to stand. All countries combined, a total of nearly 600 tons of gold was lost! Oh my God!

The entire United States (officially) only has more than 6000 tons of gold! Ah! Only Springfield sneered in his heart.

As expected, the commander guessed it right.

We only took less than 300 tons in total, so where did the other 300 tons go?

The robbery efficiency of us "robbers" is much lower than that of you "bank presidents"!

No wonder when Germany and other countries later demanded the redemption of gold or at least an investigation into the Federal Reserve, the United States acted so tough and refused even by threatening to sever diplomatic ties.

So that's how it is. In a few years, the vaults will probably be empty, right? Especially after the United States officially leaves the gold standard.

The Jews, oh Jews, are truly courageous. Like rats guarding a granary, there is nothing better than this.

In short, with the results of the investigation into the missing gold, everyone has completely confirmed:

The Federal Reserve has been stealing gold from the United States and other countries that have deposited with it.

Damn Jews!! At this time, someone outside reported: Mr. Roosevelt is here.

"Ms. Field, this is going to be troublesome."

After learning the general situation, Roosevelt, who had rushed from Washington after finishing his work, wiped his cold sweat and smiled bitterly:

"The whole world will doubt the creditworthiness of the United States, and the economy is going to be in big trouble." Although I admire Springfield's calmness, this matter is too big. It is no exaggeration to say that it is very likely to shake the foundation of the United States.

In other words, what Springfield and he are about to take over will be an America that is more dilapidated, more dangerous, and more difficult to clean up.

It went from "high difficulty" to "hell level" in an instant. However, Haruta remained calm:

"Roosevelt, remember we said that the biggest problem facing the U.S. economy right now is insufficient liquidity. Everyone is holding onto their money and waiting. Even if they have money, they don't want to spend it, right?"

"Yes, so we need to put more into the market..." Roosevelt suddenly understood and his eyes widened:

"You mean, taking this opportunity..."

"That's right. Let's take this opportunity to abolish the Federal Reserve, establish a new central bank, and then get rid of the constraints of the gold standard and capital!"

As we all know, even though countries like Britain and Japan have gradually abandoned the gold standard, the United States is still a gold standard country and needs a large amount of gold as the basis of its currency.

In other words, theoretically speaking, the Federal Reserve cannot issue currency indiscriminately. "You can only issue as many dollars as you have gold." That's why Roosevelt later promulgated the famous "Gold Act," requiring all citizens to hand over their gold.

However, the problems with gold as a currency anchor are unavoidable:

The amount is always limited, while social productivity is constantly developing, the demand for money is constantly increasing, and because money has a natural "self-deflationary nature", the amount of money needed by the market is always relatively uncertain;

Too much money will lead to inflation, while too little money will lead to deflation.

The main problem the United States is facing now is:

A series of complex factors, including insufficient demand, overcapacity, and the central bank's tightening monetary policy, have led to a vicious chain reaction:

Decreased social demand → Oversupply → Falling prices → Companies cut jobs or are laid off to reduce losses → Increased layoffs, people tightening their spending → Decreased social demand → Oversupply...

This is very basic economic knowledge in later generations, but at that time it was a cutting-edge theory and was not recognized by most people.

The "Goldsbarro Act" of 1932, which was intended to solve the problem of deflation, was never implemented. In addition to the involvement of Jewish capital, it was also because many congressmen simply did not understand what it was.

Fortunately, President Springfield's right-hand man, Mr. Roosevelt, could both read and hear.

"...After this discussion, no one will believe anything the Fed does. As a central bank, it has lost its value and significance, so this is our good opportunity!"

Chuntian waved his hand and said:

"We must take back the right to mint coins from private hands and make the federal government a truly powerful government!"

Roosevelt considered the possibility seriously.

Abandoning the gold standard was something he and Springfield had already decided on. It was impossible for the United States to completely go against the world.

But no one expected that things would develop to this point, disrupting all their original plans:

That is, slowly fight against the Federal Reserve, slowly take back power, and then tentatively abandon the gold standard.

What Springfield means now is to take this opportunity to abolish the Federal Reserve and quickly establish a new central bank.

Theoretically, it's feasible, but national policy isn't like driving a car. Making such a sudden turn...

"...it will cause huge chaos, especially during the window period."

"That's right, so we can't adopt a pure credit standard. We should continue to anchor it on something else."

"Or, continue anchoring...gold?"

"No, if we anchor it to gold now, there will be another problem of shifting back in the future. Besides, I think you are well aware of whether the gold stored in the United States can still be trusted by the people and other countries."

"So, silver?"

"..Roosevelt, are you kidding me now? You might as well just say anchor to the pound."

"Uh... sorry, my mind is a little confused... but, if not these, what else can we anchor?"

"Anchor me." "Huh?" "Me."

Haruta pointed at himself, then at the ground:

"And the United States as a whole, or more precisely, the industrial and agricultural production capacity that anchors the United States."

Roosevelt was stunned. Huh?

Ms. Field, what are you talking about?

"Currency itself has no value. It only has real value if it can be exchanged for real goods..."

Chuntian pinched his fingers and briefly introduced to Roosevelt a theory that the CCP had already been unconsciously playing, but which had not even appeared in the world:

"For humans, the products produced through industrial and agricultural activities are valuable. We always define them by gold and silver, so why not just anchor them directly?"

"...Wait wait wait...Ms. Field, please let me sort this out..."

Roosevelt rubbed his forehead.

This theory was so new that even a top student like him, who had a strong ability to accept new things, found it difficult to understand for a while.

Anchoring...industrial and agricultural products...production capacity...

There is no doubt that theoretically, it does make sense;

Because the essence of currency is actually credit. As long as the credit of the currency can be guaranteed, the currency can persist.

As early as 1923, German Chancellor Gustav Stresemann, in order to curb inflation, introduced the "real estate mortgage mark", which successfully stabilized the value of the mark and restored normal economic operations.

(That’s why after World War I, Germany didn’t always have to pay “500,000 for a loaf of bread”!) Therefore, it is not impossible to stabilize the value of the US dollar by using “industrial and agricultural products as collateral for US dollars”.

But this requires the people and Congress to accept it. In other words... Ugh!!

I see!

No wonder Ms. Field said to anchor her! Because, only her!

Only with her enormous popularity in the United States can she convince the people, reduce the volume of opposition, and minimize the unrest!

"It seems you understand."

Haruta smiled faintly:

"So, let's do this, what do you think?"

"...Ms. Field, that would put you in a very dangerous position." Although tempted, Roosevelt still warned his sworn followers: "You would offend Jewish capital, the Gold Group, and the Silver Group at the same time. I'm afraid..." Abolishing the Federal Reserve and establishing a new central bank would undoubtedly make Jewish capital and Springfield their sworn enemies.

But stopping anchoring to gold and not considering silver - this will completely offend the forces in the United States that believe in the precious metal standard.

In fact, historically, as early as 1931, when Britain abandoned the gold standard, Roosevelt considered abandoning the gold standard as soon as he came to power in the future, but ultimately decided to wait.

Because the "Silver Group" came knocking on their door.

Under that strong pressure, although Roosevelt did not agree to use silver as the monetary standard, he reluctantly introduced the famous "Silver Act".

The real purpose of this bill is to "maintain domestic stability" and appease the violent and greedy silver group.

This has to do with American political tradition.

If the Republic of China must first maintain domestic stability before resisting foreign aggression, then for the United States, a stitched-together "federal state," resisting foreign aggression is for the sake of maintaining domestic stability.

Since the economic crisis, Roosevelt has been trying to help the United States out of the economic crisis and deflationary spiral, but the biggest obstacle is the group of Americans who believe in the precious metals standard:

The Gold Party has begun to decline, but the Silver Party is still very powerful and is desperately trying to make the United States a silver standard country, or at least make huge profits from it.