76th Anniversary: The Gold Confiscation Of April 5, 1933 by Executive Order 6102

By: Charleston Voice ^ | 1933 | Franklin D Rosevelt

[restornu]

Are there not similarities today's executive order Confiscation of GM etc?

Handing over many of the private sectors to non Federal entities and non vetting of Czars which is non authorized according to the U S Constitution?

[restornu]

Can you imagine getting a noticed like that in 1933 pretty scary stuff?

And how is handing over the wealth of the Nation to a non Federal entities enabling for America?

Is this not the hijacking of America in broad day light due to the ignorance of the populace!

[DB]

How was this ever constitutional?

Was this the first major violation of the constitution leading to where we are today?

[armymarinemom]

I can remember my X’s family not being able to buy and sell gold bars at coin shows. It took Reagan to overturn the Gold ownership ban.

[Jim Noble]

There is no similarity between the gold seizure and the Federal actions to terminate the bankruptcy of General Motors, or any other enterprise. The poor management of GM, Chrysler, and elements of the financial sector created a problem (bankruptcy, unemployment, and loss of capital). The government has certain (limited) powers to terminate existing contractual relationships and substitute others - that's why bankruptcy laws are Constitutional. Bush's and Obama's actions in these cases may have been unConstitutional, but they at least had a relationship to the powers and purposes of the government.

The naked theft of privately-owned money not encumbered by debt, as far as I can tell, had NO legal and NO Constitutional rationale. If it had been done by legislation, it would have been a Bill of Attainder. Since it was done by EO, it was even worse, an act of dictatorship with no underpinnings in law or custom.

Is anyone aware of ANY published justification of this remarkable action?

[Westbrook]

> How was this ever constitutional?

Never was.

> Was this the first major violation of the constitution
> leading to where we are today?

Not hardly.

Our constitution has been and remains mostly ignored by all branches and levels of government and is only trotted out from time to time to justify yet another usurpation or perversion thereof.

Once in a great, great while an actual constitutional victory emerges, but the rule and trend since the nation’s founding has been to undo the constitution.

[SeeSharp]

Was this the first major violation of the constitution leading to where we are today?

No the first step was in the 1780's when Hamilton decided the US treasury would accept privately issued bank notes as valid for payment of taxes (as opposed to specie) without any congressional or constitutional authority to do so.

[meyer]

How was this ever constitutional?

It wasn't constitutional. Leftists don't abide by the constitution. They're low-life two-bit theives. And stealing the private property of individuals (gold, e.g.) constitutes theft.

I think that if they try this again, there will be some violence. The people are sick of being robbed by the politicians.

[meyer]

"The poor management of GM, Chrysler,..."

Ahem... UAW ....Ahem

[muir_redwoods]

It’s still hard for me to believe that many people complied with this order.

[EBH]

Can you imagine getting a noticed like that in 1933 pretty scary stuff?

Whenever I read this or how Nixon put us on the debt system, I think of The Money Speech or I think of Traficant's(D) Bankruptcy Speech from 1993. http://irwinschiff.homestead.com/TRAFICANT.html

We no longer have gold, silver or the things to be confiscated by the government. They confiscate our life blood, our work and pay us with their debts. They take from us that which is more precious than all the gold in the world and in return give us tyranny.

The notice of 1933 is scary stuff, but what is happening now terrifies the soul of a free people.

[muir_redwoods]

"Was this the first major violation of the constitution leading to where we are today?"

Lincoln suspended habeus corpus and had members of congress that didn't support him arrested and held without charge.

[BuffaloJack]

It wasn’t law.
It was an executive order by another socialist.

[restornu]

Listen now to seeking new Governor for Michigan debate

http://gateway.andohs.net/player/?sid=1352&nid=2920

[SAJ]

Not so. On December 31, 1974, it became legal again for private citizens to own and/or deal in gold in any form.

Gerald Ford was president on that date.

[armymarinemom]

http://www.reagan.utexas.edu/archives/speeches/1985/121785e.htm

[SAJ]

The Bullion Coin Act was just that; an Act authorising the Treasury to issue bullion coins, such as the 'Gold Eagle'.

Dealing in gold bars in both cash markets and futures markets had been legal for more than a decade at that point. Would you care to see the results/prices of futures trading (the February 1975 COMEX contract) on the first legal day of trade?

[novemberslady]

Bttt

[SkyPilot]

I predict that a whole lot of people who smile and tell everyone "I own gold", but don't physically own any, will never see it.

If you own a piece of paper that says you own XXX amount of gold that is now worth $XXX, what guarantee to you have that that will ever be honored if we get into a situation like we did in 1933?

The answer: you don't.

Dealers who hold these pieces of promise to their customers are dependent upon delivering their promise to their customers on a promise themselves. There will become a huge distinction someday between those who hold gold bullion, and those who hold pieces of paper.

Also, don't be conned into buying "rare coins" of gold or silver. These are sometimes "valued" at hundreds of times the actual price of the metal, and are another scam. The best way to own gold is to own gold bullion.

I know someone will think: "What I am supposed to do, put bullion in my basement? How will I cash that in?"

All I am saying is don't rely on that paper that some dealer gave you. If you are, you may someday know what it feels like to be a Bernie Madoff customer.

[Jim Noble]

"The poor management of GM, Chrysler,..." Ahem... UAW ....Ahem

Who signed those contracts?

The UAW, for most of its existence, had no better friends than Big Three senior management.