Posted on 09/26/2009 4:28:32 AM PDT by restornu
This Act follows FDR's March 5, 1933 chat on the "Banking Crisis", and effectively proves our president to be a liar and a thief.
Interesting, too, that the gold is to be turned in to the privately-owned Federal Reserve Banks.
James Turk furnishes an excellent analysis including the amount of gold actually surrendered by Americans.
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled
An Act to provide relief in the existing national emergency in banking, and for other purposes in which amendatory Act Congress declared that a serious emergency exists,
I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:
Section 1. For the purpose of this regulation, the term 'hoarding" means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.
Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:
(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.
(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.
(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.
(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.
Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.
Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.
Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.
Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.
Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.
Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.
Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.
This order and these regulations may be modified or revoked at any time.
/s/ Franklin D. Roosevelt
President of the United States of America
April 5, 1933
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?
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!
How was this ever constitutional?
Was this the first major violation of the constitution leading to where we are today?
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.
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?
> 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.
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.
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.
Ahem... UAW ....Ahem
It’s still hard for me to believe that many people complied with this order.
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.
Lincoln suspended habeus corpus and had members of congress that didn't support him arrested and held without charge.
It wasn’t law.
It was an executive order by another socialist.
Listen now to seeking new Governor for Michigan debate
http://gateway.andohs.net/player/?sid=1352&nid=2920
Gerald Ford was president on that date.
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?
Bttt
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.
Who signed those contracts?
The UAW, for most of its existence, had no better friends than Big Three senior management.
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