Ohio lawmaker frederick c smith mocks globalization money fund
Ohio Representative Frederick C. Smith, a Marion physician and former mayor, treats money as a hobby and criticizes the Bretton Woods founded international monetary fund. He argues the fund is an international communist scheme that would bring commissar rule and withdraws from the fund.
MENTIONED IN THIS ARTICLE
Frederick C. Smith
Marion, O
Smith
House
Banking and Currency Committee
Congress
United States
International Monetary Fund
World Bank
Bretton Woods
Commercial and Financial Chronicle
New York
Monetary Fund
Believe It or Not Money Tied to Wars and Gold
Smith argues money’s link to wars and revolutions harms national economies. He cites historical inflation by emperors and warns modern governments extend gold control and fiat money, urging a return to free gold markets where gold coins have real market value and political promises do not define money.
MENTIONED IN THIS ARTICLE
Smith
United States
Economist Smith on Money Reform and Gold Value
The article notes economist Smith arguing for redeeming currency with gold and restructuring money to allow market-determined value. He cites total federal obligations at 300 billion and gold reserves of 23 billion, mostly Fort Knox, and says legal markets distort value as the red market while private markets are white. He links policy to broader maritime rope usage at 40 percent of U S rope production.
MENTIONED IN THIS ARTICLE
Fort Knox
Smith
General Motors Cuts Prices on Home Appliances
General Motors Corporation announced a five per cent price reduction on household appliances and small electric motors effective yesterday. The cuts apply to electric refrigerators ranges washing machines ironers clothes dryers and water heaters made by the Frigidaire division of GM.
MENTIONED IN THIS ARTICLE
New York
General Motors Corporation
Frigidaire Division
General Motors
Imitation Jewels From Texas Seeds Highlighted
An announcement notes that imitation jewels can be produced from seeds of a Texas shrub. It also references motors manufactured by Packard Electric Division and by the Delco Appliance and Delco Products Division.
MENTIONED IN THIS ARTICLE
Packard Electric Division
Delco Appliance
Delco Products Division
Texas
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