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RE: Forgotten History #2 - Gold Confiscation and the Creation of the ESF - 1934
It was more about the way the ESF was set-up that brought the complaints. No accountability, no restraint, all that power in the hands of the Treasury Secretary. Congress is supposed to hold the purse strings. Not even the President can tell Treasury what to do with the money. The videos at the end of the article will give you the detail you are looking for.
Treasury runs the Fed thru the ESF.
Thanks.