FDR’s Gold Confiscation, 80 Years On
by Ben Traynor, BullionVault
Thursday, 4 April 2013
“I, Franklin D Roosevelt…do declare that said national emergency still continues to exist and…do hereby prohibit the hoarding of gold…”
EXECUTIVE ORDER 6102, issued by US president Franklin Delano Roosevelt 80 years ago, on April 5th 1933, banned private gold ownership in the United States, forcing gold owners to take their bullion to a bank and exchange it for Dollars at [...]
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.” – Franklin D. Roosevelt
from Deviant Investor:
The US government spends $1 – $2 Trillion more each year than it collects in revenues, using strictly cash accounting. This is not sustainable. But the deficit is actually far worse when accrued liabilities are included – as calculated by Laurence Kotlikoff. Using his numbers, the fiscal gap is approximately [...]
THE MADNESS OF A LOST SOCIETY 3
Another ‘Black Friday’ has come and gone. And it has left us with further evidence of the complete madness of the populace of our nation. America has been dealt a fatal blow by corporate greed, Bankster malfeasance and the insidious nature of collectivism – and it’s all been done to us by design. This is the Madness of a Lost Society, one last [...]
September 7th, 2012
Given that tens of millions of Americans cheered in blissful agreement when a Democratic National Convention promotional video claimed that the only thing we all belong to is the government, it would make perfect sense that everything else belongs to the government as well.
Case in point:
In July of 2011 a jeweler’s heirs found ten double eagle $20 gold coins in a family safe that dated back to the Roosevelt administration. [...]
President Barack Obama will tonight lay out his case for being re-elected to a second term by comparing himself to Franklin D. Roosevelt, who won an unprecedented three presidential elections and led America to recovery after the Great Depression.
He will say: ‘And the truth is, it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort, shared [...]
World War I – Liberal Democrat Woodrow Wilson
World War II – Liberal Democrat Franklin D. Roosevelt
Nuking Japan – Liberal Democrat Harry S. Truman
Korean War – Liberal Democrat Harry S. Truman
Vietnam War – Liberal Democrat Lyndon B. Johnson
Kosovo War – Liberal Democrat Bill Clinton
Video was created for one of Apple’s early summer retreats for employees
Scroll down for video:
Steve Jobs played many roles in his lifetime, from entrepreneur to visionary. He introduced the personal computer in 1984 and then kept re-inventing technology right up to his death.
But here he is in a role that has never been seen before – playing American President Franklin D. Roosevelt in a spoof video aimed to inspire Apple’s [...]
Information released after 72-year-long privacy protection expires
Records of 132 million people placed online and can be accessed for free
Website overwhelmed as millions rush to explore records
Provide valuable insight for historians, genealogists and families
Records include Ronald Reagan and Franklin D. Roosevelt
But fears over privacy of the 21 million participants who are still alive
Seventy-two years after the government probed more than 132 million citizens about their family and working lives in the United [...]
Franklin D. Roosevelt
112 – Letter on the Resolution of Federation of Federal Employees Against Strikes in Federal Service August 16, 1937
“….All Government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service. It has its distinct and insurmountable limitations when applied to public personnel management. The very nature and purposes of Government make it impossible for administrative officials to represent fully [...]
Good & Plenty Day
Its claim to fame is that it’s considered by food historians to be the first brand-named candy in the United States, according to the Encyclopedia of junk food and fast food. The Quaker Oats Companyintroduced the licorice pastille in 1893 and trademarked the name in 1928. A thin candy coating protects the overwhelming mix of anise and molasses flavors inside the capsule-shaped confection.
Enjoy some Good and [...]
We argued in last Friday’s US Economics Analyst that the Fed retains a number of “unconventional” unconventional options that would entail pushing inflation above the Fed’s “mandate consistent” rate for a number of years through a temporary change in the Fed’s inflation goal.
In an interesting paper, Gauti Eggertsson of the New York Fed argues that Franklin D. Roosevelt’s successful implementation of such policy actions in the [...]
“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States – in the fields of commerce and manufacturing – are afraid of somebody. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath [...]
From time to time, someone under 30 will ask me, “When did this all begin, America’s downward slide?” They say they’ve heard of a time when working people could raise a family and send the kids to college on just one parent’s income (and that college in states like California and New York was almost free). That anyone who wanted a decent paying job could [...]
By Steve Goldstein, MarketWatch
WASHINGTON (MarketWatch) — Bank reserves swelling, and commodity prices surging — that’s the situation that the U.S. economy is now confronting.
But it also was the case back in 1937. And that’s what worries Ethan Harris, North American economist at Bank of America Merrill Lynch.
He fears, now like then, that tightening of monetary and fiscal policy could cause a recession, so much so that [...]
From Michael Krieger of KAM LP
All quotes below are taken from a Bernank paper written in 1999 titled “Japanese Monetary Policy: A Case of Self-Induced Paralysis?”
Although it is not essential to the arguments I want to make—-which concern what monetary policy should do now, not what it has done in the past—-I tend to agree with the conventional wisdom that attributes much of Japan’s [...]
They must be have fear of loss of both money and freedom.
Abandonment of the Rule of Law can be used as an excuse for anything from vigilante justice to another attempt at a coup d’etat, both bad things.
Alan Nasser: FDR’s Response to the Plot to Overthrow Him
“Perhaps the most alarming slice of twentieth-century U.S. political history is virtually unknown to the general public, including most scholars of American history.
Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.
The House votedÂ 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the [...]
The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. (AP)
It’s been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the [...]
Thomas Sowell: Politics versus gold
One of the many slick tricks of the Obama administration was to insert a provision in the massive Obamacare legislation regulating people who sell gold. This had nothing to do with medical care but everything to do with sneaking in an extension of the government’s power over gold, in a bill too big for most people to read.
Gold has long been a [...]
President Obama echoes Franklin D. Roosevelt, saying he would join a union.
He told the AFL-CIO Executive Council, â€œIf I was a coal miner, Iâ€™d want a union representing me to make sure that I was safe. If I was a teacher, Iâ€™d want a union to make sure that the teachersâ€™ perspective was represented as we think about shaping an education system for our future.â€
After President Obama finished delivering his [...]