Tuesday Open Thread: Gold Edition
by PubliusToday, in 1933, FDR signed an Executive Order prohibiting the private ownership of gold. Worse, the order directed private citizens to turn their gold over to the federal government.
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Just another in a long line of idiotic unConstitutional progressive follies….
Has this story been on Breitbart yet?
http://search.yahoo.com/r/_ylt=A0oGdWso2JpNik8A8P...
I haven't seen it, and you know the MSM sure as hell isn't going to cover it.
Think we'll ever see an Executive Order to turn in our guns? +Hanzo+
Short clip of Ron Paul at the 2008 debate talking about how the price of gold and oil have moved in sync. Therefore, if we were on a gold standard we wouldn't be getting hammered at the pump.
Enjoy: http://www.popmodal.com/video/472/Oil-Price-Stabi...
Our next President must have a firm grasp of Austrian Economics.
"If we can boondoggle ourselves out of this depression, that word is going to be enshrined in the hearts of the American people for years to come."
~Franklin D. Roosevelt
Nice teeth on her too.
Like Mike Meyers once said about England, "Won the war, lost the teeth."
Here is a propaganda clip from MGM about FDR's brilliant strategy for getting out of the depression. Inflation. No joke.
http://www.popmodal.com/video/2066/Vintage-pro-in...
This is why he couldn't have the dollar linked to a commodity. He had to increase the money supply to get prices up.
To my understanding, "boondoggle" was a kind of arts and crafts. Part of the New Deal stimulus allocated millions of dollars to teach people how to do it. Again in the name of stimulus. Or Keynesianism.
From then on "boondoggle" began to mean bulls***.
For those who do not have Gold and Silver, may I recommend you BUY what you can now + food storage.
The Chinese Gov't is not only selling gold to their peeps, they are encouraging their peeps to buy gold.
Why? THEY are afraid of impending inflation AND their peeps, unlike the US Gov't who still acts arrogant
and despises its peeps.
"On or before May 1, 1933, all privately owned gold in the United States (subject to a few minor exceptions) was to be confiscated by the Government. As compensation, the owners were to receive paper money, whether they liked it or not. Willful failure to submit to the confiscation was punishable by up to ten years in jail and/or up to a $10,000 fine."
~http://users.rcn.com/mgfree/Economics/goldHistory.html
Quite an interesting read (the type could be better)
Seems to me she got exactly what she wanted. The end result of all this rationing and control is exactly what happened to her.
To bad, so sad.
You are correct, the MSM will Never discuss this unless they can redirect the resulting anger at Tea Party/Conservative/GOP…
Well personally I will not "see" one. Nor will I heed one…
Ron Paul would be a Fabulous Treasury Secretary, but that man will never be POTUS.
There is more at stake than $$$…
"Just deserts" springs to mind.
And what's with the brown teeth?! Good God, brushing once a month would make them whiter than that. Bet her breath was ripe. ~shudder~
One of many liberal usurpation's of power and IMO illegal actions taken by the Imperial Federal Government. They had no right then and no right now to take any possession of the citizens of this country like this. FDR, despite all the liberal fairy tales, was one of the worst Presidents ever in terms of infringing on the personal freedoms of the people.
Well, my grandfather, for one, didn't pay any attention to that. He hated FDR with a passion. Good man, obviously. Hoosier Republican through and through.
We need to strike a special poster for this day: "Never again!"
I am sure everyone complied with this one.
Don't know about that, Joe, but I can assure you that I WOULDN'T comply with any such order….period.
DITTOs to that!
It's strange that our government gives guns to drug trafficking cartels and North African 'Rebels', but want us not to have our own?
Thieves!!!!! and people did it, like sheep…this is what they will do with our guns if we let them…The Fed. exchange is still steeling our money.
Prices generally go up during wars. The U.S. Treasury issued bonds during WWI which were redeemable in gold to protect the bond buyers against just that sort of inflation. FDR, the closest thing the United States has ever had to a dictator, ordered (not legislated) all American owners of gold to sell their gold in exchange for the paper dollars he intended to inflate. The Supreme Court ruled that since private ownership of gold was disobedient to FDR's decree, the war bonds need not be redeemable in gold no matter what the bond indenture said or what promises the Treasury made when they issued them. Don't believe anybody who tells you that the Treasury can never default. The owners of the gold-backed war bonds learned otherwise, to their cost.
Too much fluoride in the water. Of course in the USA we have ways of bleaching and repairing ugly teeth because people make a profit from providing the service.
In 2010 Tax Freedom Day (first day of the year in which the money you work for goes into your own pocket) was April 9th. In 1900 it fell on January 22nd.
This brings a tear to my eye. I've been a follower of Austrian based econopmics for years now, starting with Mises. Now more and more people are starting to understand that Austrian economists are the only ones who have gotten anything right in regards to the economy. Sing it brother.
mises.org
History Lesson on Your Social Security Card
Just in case you didn't know this. It's easy to check out. Be sure and show it to your family and friends. They need a little history lesson on what's what and it doesn't matter whether you are Democrat or Republican. Facts are Facts.
Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the essage, NOT FOR IDENTIFICATION, was removed.
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,
Now 7.65%
on the first $90,000
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible
4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,
Under Johnson the money was moved to
The General Fund and Spent
5.) That the annuity payments to the retirees would never be taxed as income.
Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month —
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away' — you may be interested in the following:
Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically
controlled House and Senate.
———— ——— ——— ——— ——— ——— ——— —
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
———— ——— ——— ——— ——— ——— ——— —–
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, with Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US
You can bet your A$$ that will happen again if obama has his way… Go to another currency declare all USA money illegal and grab all USA gold and silver coins…
Buy Canadian Gold and silver coinage….
My response would be simple: Come and get 'em. If you can.
He was our first King!
So much for "full faith and credit".
Nice post(s). I copied and pasted this into a word doc, edited it down to one page, pasted it into an e-mail and sent it on it's merry way!
I love arguing with Liberals who tout FDR as a great man. I love bursting their bubble by pointing out that he lied to America his entire term in office and controlled the media like Goebbels. When they ask for proof I tell them to show me all the pictures of him in a wheel chair or being carried from his car to his speeches. When they counter that it didnt matter that he was crippled they can never show any proof to the countrary.
Thanks for the reminders. I sent this out to all of my friends.
thank you too! We really have to do our best to get these idiot democrat lies out in the open for all to see. —
This is really worthy of a Biggov post, Mom, not buried in the comments. Are you listening Andrew? Thank you. I have indeed copied it and sent it out.
Executive order for smart meters? Executive order for guns? Don't think for a moment that this administration is not considering such things seeing as their hero, FDR got away with draconian executuive orders. And since justice is now decided on precedent, they have it in the bag if any order is challenged.
Speaking of gold when was the last time we had an accurate audit of our gold reserves?
Awesome post! And, I agree with Nick ^^^^. This should be a Big site article.
A COMPLETE physical audit has not been done since 1954. Ron Paul has said that he wants to get one done this year…………..good luck, Ron.
Umm. What do little marshmallow candies shaped like animals have to do with all this?
Anyone need any further proof that the demoncrats are all about tyranny and stealing from citizens? Unreal.
I agree. And with Ryan's new budget out this morning, Obama and his minions are already starting on their usual class warfare lying routine. —
Just for grins, I also posted it to my Facebook page.
Gentle Readers,
That's why they built Fort Knox.
Sincerely,
John Lepant Brighton CO
Dear one4,
Here is the 2005 audit of the numismatic gold, the next audit is scheduled for 2015:
http://www.cpmgroup.com/free_library1/COUNTER-ARG...
The government conservatively values this gold and silver at $42.26 an ounce, of course the market value is about 30 times higher.
This is only the numismatic gold:
The Federal Government has 4 gigantic gold hoards:
#1: The numismatic gold, or Treasury Gold, owned by the US MINT,
#2: The Gold deposited at the IMF, annually audited, is about 2800 tons. This was done as part of the Bretton Wood Agreements. The US deposited gold, everyone else put in paper money. Some people at the IMF claim the IMF owns this gold, but the position of the US government is that it is a deposit which could be withdrawn. In any case, it never left the U.S. – it is at the Federal Reserve Bank in NY State.
#3. The Federal Reserve Board of Governors owns 3100 tons of gold which they evaluate at $42.26 an ounce and carry on there books at that – it is actually worth more than $400 billion market value.
#4. The Gold Depository at Fort Knox, which is where all the gold collected via this Executive Order wound up – about 5000 tons. This gold is held by the Federal Government, but the original owners could conceivably claim it – it is highly dubious anyone would as they were paid about $22 an ounce at that time, which was actually a good price.
The Grand Total is over 16,000 tons.
Government officials are reticent to discuss all of this as some people are…….kinda weird…..about it. Ever see the move GOLDFINGER? Some people are sort of like that.
Sincerely,
John Lepant Brighton CO
And when FDR signed that order I'm sure, positive, no doubt what so ever that papa Joe Kennedy Sr. immediately turned over to the government all the gold he bought right after pulling out of the stock market in September 1929.
eye-roll…
I've heard my dad go off on this before. I'm going to copy-paste this into word and then work up the specific bills and vote records for each move.
Great! You are a patriot!—
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