From 1921 to 1929 the Fed [Federal Reserve] increased the money supply, resulting once again in extensive loans to the public and banks. There was also a fairly new type of loan called the margin loan in the stock market. Very simply, the margin loan allowed an investor to put down only 10% of the stock's price with the other 90% being loaned from the broker. In other words, a person could own a $1000 worth of stock, with only a $100 down. This method was very popular in the roaring '20s as everyone seemed to be making money in the market. However, there was a catch to this loan. It could be called in at any time and had to be paid within 24 hours. This is termed a "margin call" and a typical result of a margin call was the selling of the stock purchased with the loan. So, a few months before October, in 1929, John D. Rockefeller, Bernard Baruch and other insiders quietly exited the market. And on October 24th, 1929 the New York financiers who furnished the margin loans started calling them in, en masse. This sparked an instantaneous massive sell-off in the market for everyone who had to cover the margin loans. It then triggered a mass bank runs for the same reason, in turn collapsing over 16.000 banks enabling the conspiring international bankers to not only buy up rival banks at the discount but to also buy up whole corporations at pennies on the dollar. It was the greatest robbery in American history. But they didn't stop there. Rather than expanding the money supply... the Fed actually contracted it, fuelling one of the largest depressions in history... Congressman Louis McFadden, a long time opponent of the banking cartels began bringing impeachment proceedings against the Federal Reserve Board, saying of the crash and depression, "It [the depression] was not accidental. It was a carefully contrived occurrence.... The international bankers sought to bring about a condition of despair here so that they might emerge as the rulers of us all."
Not surprisingly, after two previous assassination attempts, McFadden was poisoned at a banquet before he could push for the impeachment. Now... the Federal Reserve bankers decided that the gold standard should be removed. In order to do this, they needed to acquire the remaining gold in the system. So, under the pretense of "helping to end the depression" came the 1933 gold seizure. Under the threat of imprisonment for 10 years everyone in America was required to turn in all gold bullion to the Treasury, essentially robbing the public of what little wealth they had left. And at the end of 1933, the gold standard was abolished.
