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To: IncPen

Small chance of that happening now
Global markets makes it preposterous


40 posted on 09/08/2011 8:11:39 PM PDT by cowtowney
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To: cowtowney
Small chance of that happening now
Global markets makes it preposterous

Dunno. The point of FDR's scheme was to take control of the most solid means of storing wealth (gold), basically to break the public's trust in it by confiscating and devaluing it.

And there's more than one way to break the public trust in trinkets like gold. Because if there's nothing for the middle class to invest in, they'll have no choice but to throw in their fate with the Government.

Consider that home ownership until very recently was considered an almost faultless investment. Home prices always go up, right? The only time they go down is when Government screws up-- hello California! So... how could you destroy peoples' faith in the home as a means of storing and protecting wealth? By legislating its devaluation, via the Community Reinvestment Act.

Before that they broke the banks, the auto companies, and attacked the Christians.

And I have no horse in the current runup in gold, it certainly seems justified on some level.

But when you look at the playing field you have to scratch your head; you've got a guy in the White House who began his political career in Bill Ayers' kitchen, who we know consorts with Soros and has a grudge against this country.

Would they like nothing better than to runup the gold market, then crash it in a heap, taking out much of the middle class?

Isn't that essentially what FDR did?

43 posted on 09/08/2011 8:42:27 PM PDT by IncPen (Educating Barack Obama has been the most expensive project in human history)
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