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
It’s still hard for me to believe that many people complied with this order.
Not a whole lot of people turned in their gold.
I've seen it at other public corporations. Senior management would rather kick the problem down the road, and preserve this year's stock options and bonuses for themselves, than do their duty to their stockholders.
Only about 1/3rd of the gold was turned in, and part of the reason was that safety deposit boxes were plundered - you couldn’t open your own SDB without a Treasury agent present; yet another way it was un-Constitutional.
What choice did they have other than leaving the country? You seem to think that unions negotiate from a position of equality. They don't - the government has given them the upper hand, and the results are predictable.
Anyone who knows about this, and very few do in truth, and still doesn’t think FDR was a communist(socialist if you wish to use the wimp term)is delusional.
“Are there not similarities today’s executive order Confiscation of GM etc?”
Obama is just finishing what FDR started. They both take (took) orders from the New World Order via the KGB.
“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.”
“The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.” —James Madison (Patriot Post Friday Digest)
Some had it taken from them. Back in the early 70s there was a lot of discussion about legalizng gold ownership. Roosevelt's edict was mentoned and some gold mining magazine told this story:
Just before the edict came out, two brothers sensed what was coming and redeemed $20,000 in gold notes for coin. Months later the Treasury Dept. tracked these guys down, made them cough up the coin and gave them their $20,000 back. The brothers sued, taking it all the way to the Supreme Court. The Court said no harm was done as they got their $20,000 back.
"Independent" SC my fanny. They bend with the political wind as well as any politician.
***If you own a piece of paper that says you own XXX amount of gold that is now worth $XXX, ***
Which leads me to ask, If this company has this “gold” and it’s value is going up, why are they willing to sell gold for paper dollars that are becoming worth less every day?
****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:...****
I have a reproduction copy of the Dallas Morning News, Monday,January 1 1900.
On page 12 is an article about Jefferson Davis, trial for treason (A Celebrated Bail Bond).
Way down in the article there is menion of Salmon P Chase, Chief Justice of the Supreme Court. The article mentions that Chase, when Secretary of the Treasury, issued the first greenbacks and by his own edict made them legal tender.
When he became Chief Justice of the Supreme court and questions of the greenbacks being legal tender came up, he changed his mind and declared that ONLT GOLD AND SILVER was legal tender or could ever be made legal tender.
So, what do we do with these green paper thinggies in my pocket? They are worth less than 10 cents compared to their value in 1960.
***Only about 1/3rd of the gold was turned in, and part of the reason was that safety deposit boxes were plundered - you couldn’t open your own SDB without a Treasury agent present; yet another way it was un-Constitutional.****
I know where there are some gold coins buried near Nashvill, TN. Unfortunatly today, it is in an area that a white person might get shot real easy. My aunt (as a child) buried them way back in the 1930s. She was forced to do it by two drunk robbers who died without ever retrieving the money. She never tried to get the money.
***Some had it taken from them. Back in the early 70s there was a lot of discussion about legalizng gold ownership.****
Back in the 1960’s and 1970’s many of the treasure and Old Western magazines had articles of buried gold from that time.
Gold buried in the 4 Corners area of New Mexico,
Gold buried in Death Valley,
Gold buried by individual farmers who never was able to get back to it.
“The stuff that dreams are made of!”-—from THE MALTESE FALCON.
ONLT= ONLY
No. There is no outward similarity with the GM situation. GM declared bankruptcy and went before a judge, who did what he did. Prior to that the bailouts were done via act of Congress.
FDR’s crimes against the constitution and assumption of near dictatorial powers over the USA remain unique.
Will Obama start ordering Americans around with executive orders? Perhaps. He seems to be a terrible narcicist and meglomaniac.
That is why people should ask:
Why are there so many companies willing to pay "Cash for Your Gold!"
The reason is because the know real, physical gold is going through the roof, and the US Dollar probably will go way down, if not collapse.
Congress had no authority to pass on their charge they were given by the people to the [Non-Federal] Reserve.
even in those days 1933 Louis Mcfadden warn about this is there were several attempts on his life and he did die in 1936!
Louis McFadden on the Federal Reserve
Speech by Rep. Louis T. McFadden denouncing the Federal Reserve System
— by Louis McFadden, 1932-06-10 source: Congressional Record, June 1932, pg 12595-12603
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=McFadden1932
McFadden was born in Granville Center, Troy Township, Bradford County, Pennsylvania. He graduated from Warner’s Commercial College in Elmira, New York. In 1892 he entered the employ of the First National Bank in Canton, Pennsylvania. In 1899 he was elected cashier, and became its president on January 11, 1916, serving until 1925.
He served as treasurer of the Pennsylvania Bankers’ Association in 1906 and 1907, and as president in 1914 and 1915. He was appointed in 1914 by the agricultural societies of the State of Pennsylvania as a trustee of Pennsylvania State College.
[edit] Political career
In 1914, McFadden was elected as a Republican Representative to the Sixty-fourth Congress and to the nine succeeding Congresses. He served as Chairman of the United States House Committee on Banking and Currency during the Sixty-sixth through Seventy-first Congresses, or 1920-31. Though re-elected without opposition in 1932, in 1934 he lost to the Democratic nominee by 561 votes. He was an unsuccessful candidate for nomination in 1936.
McFadden’s main official legacy was the working on and the passing of the McFadden Act of 1927 limiting federal branch banks to the city in which the main branch operates.The Act sought to give national banks competitive equality with state-chartered banks by letting national banks branch to the extent permitted by state law. The McFadden Act specifically prohibited interstate branching by allowing national banks to branch only within the state in which it is situated. Although the Riegel-Neal Interstate Banking and Branching Efficiency Act of 1994 [1] repealed this provision of the McFadden Act, it specified that state law continues to control intrastate branching, or branching within a state’s borders, for both state and national banks.
McFadden was known for openly attacking alleged secret control of the banking system. He claimed that international bankers controlled the American economy. McFadden said that the United States had to choose between “God and the money changers who have unlawfully taken our gold and lawful money into their possession”. This comment has been seen by some as an attack on Jews based on the idea that international banking is controlled by some select Jews. McFadden also blamed Jews for president Roosevelt’s decision to abandon the gold standard, and claimed that “in the United States today, the Gentiles have the slips of paper while the Jews have the lawful money.”[1] Again based on the precept that international banking is controlled by some select Jews. Statements like these have resulted in McFadden being labeled a hater of Jews. McFadden was regarded as hostile by Jews in the American government.[2]
McFadden is also remembered for his criticism of the Federal Reserve, which he claimed was created and operated by European banking interests who conspired to economically control the United States. On June 10, 1932, McFadden made a 25-minute speech before the House of Representatives, in which he accused the Federal Reserve of deliberately causing the Great Depression. McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated. In the same speech McFadden expressed dismay at the fact that over $13 million in gold had been shipped to a rebuilding Germany that year by the Federal Reserve. He also explained how Nelson Aldrich was tutored by European bankers, then later submitted the Aldrich bill, a translation of the statutes of the Reichsbank and other European central banks, which became the Federal Reserve Act after a half-million-dollar public information program. [3]
As part of his attempts to root out corruption in the Federal Reserve McFadden moved to impeach President Herbert Hoover in 1932, and also introduced a resolution bringing conspiracy charges against the Board of Governors of the Federal Reserve. The impeachment resolution was defeated by a vote of 361 to 8; it was seen as a big vote of confidence to President Hoover from the House.[4]
In 1933, he introduced House Resolution No. 158, articles of impeachment for the Secretary of the Treasury, two assistant Secretaries of the Treasury, the Board of Governors of the Federal Reserve, and the officers and directors of its twelve regional banks.
There were two attempts on McFadden’s life, a failed shooting and an apparent poisoning that made him “violently ill” after attending a political banquet in Washington. [5][6] He died in 1936 on a visit to New York City and was interred in East Canton Cemetery in Canton, Pennsylvania.
[Wiki]
It was unconstitutional when one understands
Louis McFadden quotes:
We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the FED. They are not government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers.
Louis McFadden quotes:
The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers.
Louis McFadden quotes:
What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson’s day must be fought over again... The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted, and betrayed as they are in their own land, will rise in their wrath and send a President here who will sweep the money changers out of the temple.
Louis McFadden quotes:
The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.... The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.... The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.
Louis McFadden quotes:
Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Federal Reserve.
Louis McFadden quotes:
It was not accidental [the 1929 stock-market “crash”]. It was a carefully contrived occurrence. ... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.
Louis McFadden quotes:
Open the books … and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York.
Louis McFadden quotes:
Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.
Louis McFadden quotes:
(The Great Depression resulting from the Stock Market crash) was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.
http://quotes.liberty-tree.ca/quotes_by/louis+mcfadden
bkmk
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