Unsecured Debt Can Be Terminated

 
 
 
 
 
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by Kregener

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ON APRIL 5, 1933, then president Franklin Delano Roosevelt, under Executive Order, issued April 5, 1933, declared: "All persons are required to deliver ON OR BEFORE MAY 1, 1933 all GOLD COIN, GOLD BULLION, AND GOLD CERTIFICATES now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System."

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08/15/2009
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