Annals

How Did We Get Here? — Mile­stones in this improb­a­ble, unthink­able and pre­pos­ter­ous sto­ry:

  • 1910 — Jekyll Island (GA) secret meet­ing lays blue­prints for the Fed­er­al Reserve Sys­tem (it is nei­ther Fed­er­al, nor a Reserve, nor a Sys­tem)
  • 1918 — World War I ends (28th July 1914 — 11 Novem­ber 1918)
  • 1923 — US pres­i­dent Woodrow Will­son signs in the Fed­er­al Reserve Act (23 Decem­ber 1923) while every one else is busy get­ting ready for hol­i­days, and Fed­er­al Reserve Notes (now bet­ter know today to you and me as US Dol­lars) are signed into law
  • 1929 — Black Tues­day stock mar­ket crash (29th Octo­ber 1929) — her­alds in the start of the Great Depres­sion in the USA (per­sist­ed till mid 1940’s in some coun­tries)
  • 1933 — US Gov­ern­ment con­fis­cates Gold from US Cit­i­zens — must be hand­ed in to near­est Fed­er­al Reserve office — deval­ued 39%
  • 1944 — Bret­ton Woods Agree­ment (July 1 — 22 1944) — With WWII rag­ing all over the world the cen­tral plan­ner thought it would be great time to strong-arm 44 Allied-Nations into a “you join our club” sce­nario — most suc­cumbed on the last day — The IMG and the IBRD (now World Bank), as well as glob­al Key­ne­sian Eco­nom­ics were also spin-offs from this event — the Mod­ern Finan­cial Glob­al Archi­tec­ture — What a coupe!
  • 1945 — World War II ends (Sep­tem­ber 1st 1939 — 2 Sep­tem­ber 1945)
  • 1969 — SDRs (Spe­cial Draw­ing Rights) are “invent­ed” by the IMF to paper-over the short­fall of pre­ferred for­eign exchange reserve assets, sur­prise, sur­prise gold — the first cracks in the sys­tem
  • 1971 — US pres­i­dent Nixon breaks con­nec­tion with the Gold Stan­dard (15th August 1971) — The most sig­nif­i­cant sin­gle event in Glob­al Finan­cial his­to­ry (also known as the “Nixon Shock” — USD is just anoth­er FIAT cur­ren­cy, and the Bret­ton Woods Agree­ment is effec­tive­ly ter­mi­nat­ed
  • 2008 — Lehmans Col­lapse — The First and Last Too Big to Fail Liq­ui­da­tion (13th Sep­tem­ber 2008)

Here is a table ver­sion of the same:

 

1923 23 decem­ber us pres­i­dent woodrow will­son signs in the fed­eral reserve act while every one else is busy get­ting ready for hol­i­days, and fed­eral reserve notes (now bet­ter know today to you and me as us dol­lars) are signed into­law
1929 29th octo­ber black tues­day stock mar­ket crash — her­alds in the start of the great depres­sion in the usa (per­sisted till mid 1940’s in some coun­tries)
1944 july 1 — 22 bret­ton woods agree­ment — with wwii rag­ing all over the world the cen­tral plan­ner thought it would be great time to strong-arm 44 allied-nations into a “you join our club” sce­nario — most suc­cumbed on the last day — the img and the ibrd (now world bank), as well as glob­al key­ne­sian eco­nom­ics were also spin-offs from this event — the mod­ern finan­cial glob­al archi­tec­ture — what acoupe!

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