Skip to comments.
Will history repeat itself? (Dated, but very relevant today)
Schiffgold ^
| April 6, 2020
| Peter Schiff
Posted on 03/03/2024 11:59:30 AM PST by eastexsteve
Yesterday marked the anniversary of the great government gold heist of 1933 ordered by President Franklin D. Roosevelt.
On April 5, 1933, the president signed Executive Order 6102. It was touted as a measure to stop gold hoarding, but it was in reality, a massive gold confiscation scheme. The order required private citizens, partnerships, associations and corporations to turn in all but small amounts of gold to the Federal Reserve in exchange for $20.67 per ounce.
(Excerpt) Read more at schiffgold.com ...
TOPICS: Business/Economy; History; Miscellaneous
KEYWORDS: economy; fixedpricing; gold; government; money; ntsa
Navigation: use the links below to view more comments.
first 1-20, 21-29 next last
Sound familiar? Don't think it can't happen again. Be careful buying gold eagles. It's coinage. Look on the back of the coin. It clearly says "United States Of America" just as it does on all other forms of our money. If they wanted to pull another gold confiscation on the US citizenry, they legally only have to pay you face value like Roosevelt did. (That's only $50 on a one ounce eagle.) Your safer bet might be to buy Maple Leafs, Krugerrands, or other non-US minted gold coins. Or, buy other non-monetary rounds and bars. Just make sure they are a well-recognized coin or serialized bar.
To: eastexsteve
Yes, everyone will run to turn in their gold. ๐
2
posted on
03/03/2024 12:13:36 PM PST
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: eastexsteve
I’m sticking with silver. Not that the Fed Gov couldn’t confiscate that too.
3
posted on
03/03/2024 12:44:44 PM PST
by
EvilCapitalist
(Pets are no substitute for children)
To: Georgia Girl 2
Yes, everyone will run to turn in their gold. ๐ They did in 1933.
To: eastexsteve
I think the populace of the United States was way more gullible then.
5
posted on
03/03/2024 12:49:22 PM PST
by
EvilCapitalist
(Pets are no substitute for children)
To: EvilCapitalist
I would venture to say that the American people are even more gullible now than they were in 1933.
6
posted on
03/03/2024 12:50:18 PM PST
by
SamAdams76
(6,575,474 Truth | 87,429,044 Twitter)
To: SamAdams76
Then they’d probably turn in their gold again. As for the gullibility of the populace, you are probably correct, after all look how many took the clot shot.
7
posted on
03/03/2024 12:51:43 PM PST
by
EvilCapitalist
(Pets are no substitute for children)
To: EvilCapitalist
I think the populace of the United States was way more gullible then. Oh, I don't know about that. Have you seen any of the "man on the street" interviews that many of the conservative pundits do?
To: eastexsteve
History does not repeat itself.
The phrase was something like, If we do not learn the lessons from history we will be forced to repeat the failures. (paraphrased)
9
posted on
03/03/2024 12:52:48 PM PST
by
Texas Fossil
(Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
To: eastexsteve
Imagine the level of chutzpah needed to support the claim that the Constitution authorizes stopping the trade of something that Civilization has been trading in since Civilization started. This is among the many reasons why I chose FDR as one the worst of the worst presidents.
10
posted on
03/03/2024 12:53:35 PM PST
by
Nateman
(If the Pedo Profit Mad Moe (pig pee upon him!) was not the Antichrist then he comes in second.)
To: eastexsteve
11
posted on
03/03/2024 12:54:57 PM PST
by
EvilCapitalist
(Pets are no substitute for children)
To: eastexsteve
The aim of FDR's gold confiscation order was to diminish the link in the public mind between gold and legal tender paper money. It was reasoned that this would permit the issuance of new paper money without the backing of gold, which would thereby remedy the loss of money in circulation that was a key feature of the Great Depression.
Of course, with FDR's economic policies, confused thinking, unpredictability, and contradictory measures often led to poor results. Moreover, monetary theory had not yet been formulated, so even economists lacked the ideas and analytical tools necessary to understand what was going on.
In any event, in the current era, gold confiscation, higher taxes, and direct federal wealth taxes are all possibilities as the massive federal debt wrecks the dollar and disorders the economy.
To: EvilCapitalist
Yes, my point exactly. And some of these fools still go around in public with totally useless paper face masks today.
13
posted on
03/03/2024 12:59:39 PM PST
by
SamAdams76
(6,575,474 Truth | 87,429,044 Twitter)
To: eastexsteve
Not everyone
I know that my grandparents and much of their family ignored this as well as a slew of other government edicts
To: SamAdams76
People are far more gullible today, but they are also more resistant to doing anything that requires effort or sacrifice. COVID lockdowns only worked because it was easy to convince people to sit at home on their asses all day.
15
posted on
03/03/2024 2:11:37 PM PST
by
Alberta's Child
(If something in government doesnโt make sense, you can be sure it makes dollars.)
To: SamAdams76
I would venture to say that the American people are even more gullible now than they were in 1933.I would agree with you 100% except for the ones that own gold these days.
16
posted on
03/03/2024 3:41:23 PM PST
by
Colorado Doug
(Now I know how the Indians felt to be sold out for a few beads and trinkets)
To: Manuel OKelley
My great aunts husband was a doctor who was a saver who didn’t like banks and didn’t marry until his mid forties. He kept his gold and used small parts of it to buy up Kansas farms during the depression. He bought for dollars cheap and gold under the table to bank managers. Then they found oil under his farms.
To: eastexsteve
Only ONE person was prosecuted for not turning in his gold.
ONE.
Many turned in their gold in fear.
Many did not.
Who won that one?
18
posted on
03/03/2024 4:59:54 PM PST
by
Arlis
To: Arlis
Only ONE person was prosecuted for not turning in his gold..Who won that one? I don't know how many were prosecuted, but many had their gold confiscated. My great uncle was one. When the feds caught up with him, they made him turn over his cache of $20 gold pieces. He was still able to hide some from them. They allowed him to keep personal gold items, but the money was what they wanted.
My great uncle obviously lost that one.
To: eastexsteve
Canned beans and rice may be a more prudent investment.
20
posted on
03/03/2024 8:55:00 PM PST
by
P.O.E.
(Pray for America.)
Navigation: use the links below to view more comments.
first 1-20, 21-29 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson