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All well and good- but the Great Depression followed the creation and extension of the financial powers of the “Federal” Reserve Bank which is no more “Federal” than FedEx.

Let’s not forget FDR’s seizure of private held gold. That happened. Explain that... and it was way prior to Nixon taking the country off the Gold Standard to be replaced by Petrodollars. A really stupid thing to do— agree with you on that.

Anyone curious ABOUT WHAT THE HELL IS CAUSING THIS “INFLATION” INSANITY?
(HINT:A VIOLATION OF THE CONSTITUTION as usual!)
These videos answer that question:
PAPER DEBT MONEY PART 1 of 2:
https://youtu.be/hpxc80iFRvA?si=McVsTSPqCyVJgGHq
PAPER DEBT MONEY PART 2 of 2
https://youtu.be/nUdQd0CoyB8?si=ev66YSBYrugfJ0Nl

The Depression in part may have happened because the Federal Reserve provided a false sense of security. If you compare the pre-Fed rate of financial panics compare to the post-Fed rate, the Fed may have actually done some good when it acted simply as a reserve bank.

FDR's actions were simply theft and an attempt to recapitalize the economy by increasing the monetary supply (and Federal spending) by debasing the currency. That debasing was not the seizure of gold but the change in the exchange rate from $20/oz to $35/oz. All that gold in Ft. Knox was suddenly worth 75% more in dollars. Although the debasement was authorized by Congress, breaking the individual convertibility of dollars to gold was the first step towards a pure fiat currency.

The last step was Nixon's, and removing the silver convertibility. That put the Federal Reserve in charge of the value of the currency via interest rates and enabled the Fed to be lender of last resort, not only to the banks, but to the Federal government, vastly increasing the availability of deficit spending.