Suggest you buy silver or gold instead of mattress stuffing with it. You will at least have some intrinsic value, then.
Suggest you buy silver or gold instead of mattress stuffing with it. You will at least have some intrinsic value, then.
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I’m waiting for the feds to figure a way to screw up the precious metals market too.
This government is hell bent on stealing our hard-earned money to give to its freeloading supporters. Plus keep a lot of it for itself.
“Suggest you buy silver or gold instead of mattress stuffing with it. You will at least have some intrinsic value, then.”
Don’t think that Obama has not considered following FDR’s lead.
The Federal War on Gold, Part 3
by Jacob G. Hornberger, Posted January 19, 2007
Part 1 | Part 2 | Part 3
It is impossible to overstate the significance of the Franklin Roosevelt administration’s confiscation of gold and its nullification of gold clauses in contracts. It is one of the most sordid episodes in American history. To get an accurate sense of Roosevelt’s actions, it would not be inappropriate to compare what he did with the domestic economic policies of a later 20th-century ruler, Cuba’s socialist president, Fidel Castro.
On April 5, 1933, newly inaugurated President Roosevelt issued Executive Order 6102, which prohibited the “hoarding” of gold by U.S. citizens. Americans were required to turn their gold holdings over to the federal government at the prevailing price of $20.67 per ounce.