Rebuttal: Wrong. People were SAVING gold, because it was their property and there was a depression on.
"And FDR, almost as soon as he became president, within a couple of days, took us, by executive order, off the gold standard..."
Right after promising not to. From what source does the President derive the power to confiscate the people's property?
"With payment or hoarding of gold prohibited, thousands of citizens turned in their gold to the banks. "
Gee they don't like us sav I mean hoarding it, but taking it out of hoarding to use it for payment is bad too? These people are impossible to please.
"Coins are not money until it's monetized -- until the Treasury says they're money," Redden said. "They weren't legal to spend. It was simply a bright gold round disc."
If anyone thought we were not a kind of slave this should correct any misconceptions. The government strikes a gold coin and it is not money until the government says it is. I don't know where to begin.
Comment: Granted, the coin was stolen by a thief so any subsequent possessor cannot have proper title to it and the Treasury does have the right to try and get it back. It is stolen property. But to go so far as to refuse to call it what it is, is pedantic, obsessive, and crazy, and goes only to show the level of corruption of those people. It is all about power, their power over the little people.
"The 1933 Double Eagle has been under the watchful eye and heavy guard of the U.S. Mint Police ever since and will be until the coin is sold -- or rather, until the "disc" ...
Please stop with the semantic hair-splitting, it is insulting and embarrassing. They refuse to refer to it as a coin until title is officially passed, yet they refer to the post-1965 base metal copper clad tokens we common people use as...coins.
"The irony of ironies is, in order to make this coin totally legal and totally monetized, the buyer will have to give, in addition to millions of dollars it costs to buy it, $20 -- a $20 bill -- to go back to the Treasury," Redden said.
Why. Why? What are they thinking? They will not PAY money on demand when presented with a $20 federal reserve note. There is no redemption. So why on earth make the buyer ceremoniously exchange a $20 bill for this coin? There must be a latin phrase for this exercise that has the word nauseum in it but I don't know what it is. There is no irony at all. It is an act of cruelty I think meant for anyone who loves liberty. A symbolic way of rubbing their nose in it. It is the way a conqueror treats the vanquished, to humiliate and insult, and put the defeated in their place. Most Americans don't even know to feel humiliated by this, which is all the more humiliation for those who do.
According to The Inflation Calculator, what cost $20.00 in 1933 would cost $249.81 in 2001. Equivalently, if you were to buy exactly the same products in 2001 and 1933, they would cost you $20.00 and $1.60 respectively.
In 69 years gold seems to have held on to its value. Last year I believe gold sold for about $250 and now sells for about $305.