Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 2ndDivisionVet
Once the stock market started to tank from mid-July on, I knew bad things were going to happen.

Indeed, right now just in the USA companies are now sitting on US$2 TRILLION in liquid assets and not using them, out of fear of the declining economy and paying for increasing government regulations/mandates from the Obama Administration. I think there is increasing fear we could see a repeat of what FDR did--force private holders of precious metals to give up coins and bullion blocks but go one step further: seize a large fraction of the companies' liquid asset holdings, essentially centralizing control of the US economy altogether.

24 posted on 08/19/2011 7:17:20 PM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: RayChuang88

If I remember correctly, not only did FDR grab the gold but he also had a tax on “retained earnings” passed to grab even more. His rationale was that the corporations should be using that money to create jobs even if they were precluded from doing it realistically through government interference and control.


27 posted on 08/19/2011 7:54:24 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson