In a “fireside chat” on May 7th 1933 Roosevelt admitted that far more paper money had been printed by the Federal Reserve than there was gold to back that money, exposing the financial corruption which had been swindling the people. He said:

“Behind government currency, we have, in addition to the promise to pay, a reserve of gold and a small reserve of silver, neither of them anything like the total amount of currency.” — FDR

How Gold Ownership Was Made Illegal In The US & Lessons For Today

“Those who do not remember the past are condemned to repeat it.” — George Santayana