Posted on 06/16/2013 5:40:22 PM PDT by george76
You were considered a hoarder and a slacker if you still resisted turning over your gold to the government.
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most of those who voted for FDR never expected him to confiscate private holdings of gold coins, bullion, and certificates. Roosevelt called the measure a temporary one (it wasn’t), and he followed it up by invalidating gold clauses in private contracts that obligated payment in gold dollars, which had the effect of devaluing the assets of bond and contract holders.
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By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by 70 percent while increasing the value of gold that the government now owned.
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by the end of the decade the balance of political power had shifted from the states and the cities to Washington, D.C. It remains to be seen whether inflating the money supply will have any different effect in the 2010s than it did in the 1930s.
(Excerpt) Read more at bastiat.mises.org ...
The more things change they more they stay the same... we’re wondering how Obamacare could slide on through with as few whimpers as it has, and then we look at this. Wanna see a place where evil lives, look in the mirror.
they are helping america take away our freedoms
Yes, they are feeding the beast. The old reverences apply less and less. Under a saner administration this may change.
I have noticed the asians do it by buying high quality gold jewelry...............
http://www.lyricsfreak.com/b/billie+holiday/stormy+weather_20018077.html
I don’t know if they officially called this blues, but it has the definite flavor of it. From a spiritual standpoint, the blues experience is valuable for its insight, but wallowing in it is a Bad Thing.
So many tidbits like this were placed in the dustbin of history or rewritten to say the opposite of what really happened. FDR’s brain trust consisted of the elite and university professors. FDR used the IRS to go after his political and personal enemies, he supported communism and appointed many into his cabinets besides public support (remember Uncle Joe), he instituted government and union controlled cartels for just about every facet of manufacturing, he perfected and utilized propaganda to help or destroy those he liked or disliked. This only scratches the surface ..... just look around you and you will see the war on America just as it was in the 30s & 40s. As one old fellow I spoke to said, “the only think FDR could have done better would have been to die in a more timely manner, say 10 years sooner”.
The most overrated President in U.S. history.
I used to give FDR some credit. The more I read about him, the more I realize what an absolute domestic terror he was. And to think that people loved the guy. It seems eerily similar to what we have today: It doesn’t matter how bad it is; he’s going to get us through it.
FDR was the problem. The medium of exchange was destroyed and he and Hoover made things WORSE by their intervention. It’s fascinating to watch this today and know that the events of 80+ years ago still affects us today.
I doubt it; as our money has no value now.
And what do they GET for their effort when they go to SELL it?
Well, you don’t have to register it, come on are you really that clueless? You pass on solid gold to your progeny, no estate tax, sheesh, that is how the rich people have done it all these years.
This is a poem which my father used to recite to me. I post it in his memory.
You of course are right on all your points.
But none of them answered the question I asked.
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