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Originally posted by TV_Nation
I think this entire thread is skeptical.... The orders in the Wikipedia link were revoked so no longer are in affect.
Originally posted by iLoGiCViZiOnS
I hate to shoot a theory down that is Anti Government Capitalism etc but I really don't see them confinscating any Gold anytime soon. They need us. We are their slaves and they don't want to piss us off in record numbers for fear what happened in Egypt could happen here. Relax People!
I agree with this statement. This video sums it up.
Order 6102 specifically exempted "customary use in industry, profession or art"—a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins ($1,677 if adjusted for inflation as of 2010; a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $6200 as of 2010). The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins." This protected gold coin collections from legal seizure and likely melting.
There was only one prosecution under the order, and in that case the order was ruled invalid by federal judge John M. Woolsey, on the technical grounds that the order was signed by the President, not the Secretary of the Treasury as required.
The circumstances of the case were that a New York attorney, Frederick Barber Campbell, had on deposit at Chase National over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold Chase refused and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold. Ultimately the prosecution of Campbell failed but the authority of federal government to seize gold was upheld.
The case forced the Roosevelt administration to issue a new order under the signature of the Secretary of the Treasury, Henry Morgenthau, Jr., which was in force for a few months until the passage of the Gold Reserve Act on January 30, 1934.
Trader Dan's Market Views
Thursday, February 17, 2011
Gold Confiscation Chatter once again
It seems as if there is some sort of universal law, akin to gravity or centrifugal force, that whenever the price of gold is moving higher, talk MUST surface about it being confiscated by the US government. I do not know whether this is also related to the tides or activity on the surface of the sun but it seems as if it is designed to create a sense of near panic among those who want to buy the metal against an inevitable devaluation of the US Dollar.
Rather than spending untold hours of precious time answering individual emails, I decided to just post a short response to this here. - Read On
Originally posted by JustinIowa
reply to post by St-Patrick
Well, since you're mocking my country, I will mock your intelligence, or lack thereof.
Land of the free, home of the brave.... jean-yus
GOLD. . . . AND THE PATRIOT ACT
REGULATIONS EFFECTIVE JANUARY 1, 2006
CLEARLY SHOW . . . .
THE INTENT - TO (ONCE AGAIN) - PROHIBIT
THE OWNERSHIP OF GOLD IN ANY FORM
OTHER THAN -- JEWELRY & ANTIQUE COINS
. . . . These new rules can be found on the internet at the Federal Register website. However, the specific definitions are buried at the very end of the third column on page 33716. They specifically define, under federal law, what IS and what IS NOT "bullion.". . . . Also, they define, under the Patriot Act - what IS and IS NOT "antique numismatic gold."
Section 203 of the International Emergency Powers Act (50 U.S.C. 1702) is amended--
(1) in subsection (a)(1)--
(A) at the end of subparagraph (A) (flush to that subparagraph), by striking `; and' and inserting a comma and the following:
`by any person, or with respect to any property, subject to the jurisdiction of the United States;';
(B) in subparagraph (B)--
(i) by inserting `, block during the pendency of an investigation' after `investigate'; and
(ii) by striking `interest;' and inserting `interest by any person, or with respect to any property, subject to the jurisdiction of the United States; and';
(C) by striking `by any person, or with respect to any property, subject to the jurisdiction of the United States`; and
(D) by inserting at the end the following:
`(C) when the United States is engaged in armed hostilities or has been attacked by a foreign country or foreign nationals, confiscate any property, subject to the jurisdiction of the United States, of any foreign person, foreign organization, or foreign country that he determines has planned, authorized, aided, or engaged in such hostilities or attacks against the United States; and all right, title, and interest in any property so confiscated shall vest, when, as, and upon the terms directed by the President, in such agency or person as the President may designate from time to time, and upon such terms and conditions as the President may prescribe, such interest or property shall be held, used, administered, liquidated, sold, or otherwise dealt with in the interest of and for the benefit of the United States, and such designated agency or person may perform any and all acts incident to the accomplishment or furtherance of these purposes.'; and
(2) by inserting at the end the following:
`(c) CLASSIFIED INFORMATION- In any judicial review of a determination made under this section, if the determination was based on classified information (as defined in section 1(a) of the Classified Information Procedures Act) such information may be submitted to the reviewing court ex parte and in camera. This subsection does not confer or imply any right to judicial review.'.
Originally posted by St-Patrick
reply to post by JustinIowa
The 2011 United States of America =
Earth Quakes created by frakking and/or HAARP (inside jobs)
33% of population obesity (higher rate in the world)
Bank Bail out
No health care for the poor
Invading other countries in the name of democracy (oil)
Disinformation in the MSM
Banks are ruling the country
Internet kill switch
10 years incarceration for getting caught with 1 gram of pot
Billions of $$$ in secret operation budget
Rank 2nd worldwide for child poverty
That would deserve its own thread
What a wonderful worldedit on 21-2-2011 by St-Patrick because: typoedit on 21-2-2011 by St-Patrick because: (no reason given)