“Executive Order 6102 was signed on April 5, 1933 by U.S. President Franklin D. Roosevelt to prohibit the “hoarding” of privately held gold coins and bullion in the United States, in an attempt to address the causes and effects of the Great Depression. This Order was given under the auspices of the Trading with the Enemy Act of 1917. The government required holders of significant quantities of gold to sell their gold at the prevailing price of $20.67 per ounce. Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to $35 an ounce. The U.S. government thereby made nearly 15 dollars profit per ounce, and devalued the dollar by 69.3%. . . .
The limitation on private gold ownership in the U.S. was repealed by an act of Congress codified in Public Law 93-373 [1][2] which went into effect December 31, 1974. P.L. 93-373 does not repeal the Gold Clause Resolution of 1933 which makes unlawful any contracts which specify payment in a fixed amount of money or a fixed amount of gold. That is, contracts are unenforceable which use gold monetarily rather than as a commodity of trade.” (from NationMaster.com)
“Following the privately held Federal Reserve Bank causing the Great Depression, in 1933, astonishingly FDR literally stole gold from citizens, ordering them to hand their gold to the privately held Federal Reserve Bank in exchange for pieces of paper . In issuing this Executive Order, FDR exceeded jurisdiction and committed high treason by assuming law making power exclusively limited to the legislature and he committee treason by violating the core tenants of legal tender mandated by the U.S. Constitution. During this era the Banksters, whom FDR worked for, took control of the U.S.A., literally implementing Socialism (Social Security), assuming control of media (FCC), control of private corporations and their stock/notes (SEC) and he implemented unconstitutional socialistic taxation through a private mob called the IRS.” (from libertyforlife.com)
See Also:
–Executive Order 6102, full text
–Wikipedia: Executive Order 6102
–Marc Faber advises Americans to hold gold outside the U.S.
this is pretty shockingly fucked up. especially since liberals are actually hoping Obama will be ‘the next FDR’.
not that i have a right to poke fun at them, id have been hoping for the same thing if someone hadnt dropped some knowledge on me… ;)