Taboo Genocide by Kris Dietrich

Author:Kris Dietrich [Dietrich, Kris]
Language: eng
Format: epub
ISBN: 9781499056099
Publisher: Xlibris US
Published: 2015-09-11T04:00:00+00:00

Days away from the FDR’s presidential inauguration on March 2, 1933 at least 12 states had already closed their banks. “FDR sat down in front of a microphone for the first of his famous fireside chats and said, “I want to talk for a few minutes with the people of the United States about banking”.

Mellon wants to close the banks to prevent full-fledged run on the nations’ cash savings. He urges the governors in New York and Illinois to shut their doors. The nation’s credit system is crumbling before everybody’s eyes threatened collapse of the national economy. Everyone held their breath, uncertain about their future. How were they to even think about the dead in Communist Russia and the Ukraine. On March 3 the Fed’s board reports in the last week a quarter billion dollars in gold has been moved out of its vaults. At any hour New York banks threatened to close their doors to depositors precipitating a national panic and run on the banks. The nation’s economy is precipitously falling off the cliff of greed, cheap money and wanton speculation.

Hoover urges the President-Elect to make a joint statement declaring a national emergency. FDR declines, preferring to distance himself from Hoover and his politics while choosing to act in his own good time, not when America is going bust. The next day, Saturday March 4 nearly all the country’s banks and factories close. City and state workers are sacked and payrolls left unpaid. Never before had the nation seen such economic despair and needed more faith in their leaders.

With Ukrainians starving and on their knees praying to the heavens and Stalin for relief, FDR sat in his wheel chair for the presidential inauguration under a cold gray sky. “First of all,” he said, “let me assert my firm belief that the only thing we have to fear is fear itself – nameless, unreasoning, unjustified terror which paralyzes need efforts to convert retreat into advance. That same weekend Bill Bullitt writes a letter to FDR playing on the galloping psychology of the president fused with his own. “Washington and Jefferson and Henry spoke through you at that minute and in your address you struck so firmly the old note of (sic) 1776 that every man who cares about the essential spirit of this country felt deeply glad. May God be with you …”

Whose side was God on? Bullitt’s task, he reminds the President, is to keep “working out the problems of the Economic Conference, debts etc.” FDR plans an Economic Conference in Washington that spring over war debts, the reparations, and stabilization of the dollar to the pound. Bullitt assures FDR “France would make the December 15th payment at once.” Bullitt writes nothing about Russia while the monetary experts plan for a big meeting in London. On March 9 the new US Congress pushes through legislation to give FDR special presidential powers over national banking and the dollar. The next day FDR signs the banking act into law.

Meanwhile, in the scramble for gold and dollars, the government leaders battle for mens’ minds.

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