Posted on 04/10/2012 4:35:01 PM PDT by depressed in 06
The latest issue of The Numismatist has an article by Q. David Bowers, page 43, has a poster on Executive Order 6102, Roosevelt's confiscation of private gold, that has the following statement in it:
"CRIMINAL PENALTIES FOR VIOLATION OF EXECUTI...$10,000 fine or 10 years imprisonment or both, provided by Section 9 of the order."
I thought EO’s only pertained to federal employees.
Ironically, in terms of gold at today’s price a $10,000 fine is equivalent to $827,500 in modern money. FDR was a snake.
A court ruled it invalid and a law was passed by Congrees that took affect on 12/31/1974 to allow citizens to own gold coins.
I want some gold plated Titanium certificates. I’m sure Obama will draft some up before he departs.
Try to enforce it.
I have lead for anyone who wants my gold or silver
They did. It was ruled at the time that the order itself wasn’t valid, because it had the wrong signature on it. It was ruled that even though it had the wrong signature on it. There was no criminal conviction, but the gold was still surrendered and melted down. It was replaced early the next year by the Gold Reserve Act.
Yep. So do statutes and regulations.
Tis what is called "a problem."
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