The difference between gold and paper money is the difference between savings and debt. Gold represents savings and paper money represents debt.
1929 Great Depression History & Bernanke Admits Federal Reserve Responsible
Let's not forget the Depression of 1920-21, also caused by the Fed in the run-up to their really big con game, the Crash of '29.
All of the political hot air being spewed upon the USA about deficit reduction, NONE mention or dare mention that we pay the Fed around 500 BILLION a year in interest payments, all for the privilege of borrowing our own money.
That's insane and a recipe for disaster, as most of that money goes into the hands of private banking families that own the Fed. Money that is looted offshore, then comes back to buy Congress and the WH.
A good example would be the current choice between OBOMBA and RMONEY, both of whom have sworn allegiance to Apartheid Israel; will keep coddling and bailing out Wall Street and will keep the 'Wars for Israel and Wall Street' hot.
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
On October 3rd, Republican Congressman, Louis T. McFadden, Chairman of the House Banking & Currency Committee, from 1920 to 1931, is poisoned to death. This is the third assassination attempt on his life, he had suffered an earlier poisoning and had had shots fired at him. McFadden had been one of the staunchest critics of the Federal Reserve and the Jewish criminal cabal behind it.