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Confiscation of Gold in 1933 was to bail out Fed

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posted on Mar, 19 2011 @ 06:58 PM
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Found this on bestmetalresearch.com

FDR’s 1933 Gold Confiscation was a Bailout of the Federal Reserve Bank by Daniel Carr
"President Franklin Delano Roosevelt’s 1933 executive order outlawing the private ownership of gold in the United States was arguably unconstitutional. But why did he do it ? Many historians and economists point to efforts to get the economy moving again as the reason, the theory being that people were hoarding gold and the velocity of money in circulation needed to be sped up."


Source

Mod Note : Posting work written by others.– Please Review This Link.

Mod Note : Please just don't add snippets of of an article when posting a thread . Please do add your own spin to a topic .
edit on 21-3-2011 by xpert11 because: Add a source link , Mod edit and notes




posted on Mar, 19 2011 @ 07:40 PM
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reply to post by redgreen
 



On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.

Mod Note : Posting work written by others.– Please Review This Link.


He explains that the federal reserve stole the gold out of the treasury. They sent the gold to fund several wars including Hitler. Several shipments of the American peoples gold was shipped to Hitler. To further fleece the American people they ordered the confiscation of gold.

His speech is long to read but explains allot. He also brought charges against Hoover.


Mcfadden Federal Reserve

Mcfadden impeachment of Hoover
edit on 21-3-2011 by xpert11 because: Mod Edit and note



posted on Mar, 19 2011 @ 07:43 PM
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reply to post by jojubees
 


Economist and historian Dr. Thomas E. Woods has a good article on the enormous theft by the State.
The Great Gold Robbery of 1933



posted on Mar, 19 2011 @ 07:56 PM
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reply to post by JakeLeMaster
 


So could this Gold Robbery happen again? There's been a huge push to buy gold (and silver), and it just makes me wonder, especially if those purchases are tracked somehow.



posted on Mar, 19 2011 @ 08:01 PM
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The Fed (FRB) screwed up and let the money supply contract too much (thus causing most farmers and businesses to go into liquidation....not to mention the run on the banks). The Fed had to increase the money supply to get the country out of the Great Depression. But since we were on the Gold Standard, then the supply of gold in government control had to be expanded in order to expand money and credit. Nothing nefarious....it was a move of desperation for desperate times and economically justified (albeit against personal property rights and the implied right to hold gold and silver specie - constitutionally mandated gold and silver money).



posted on Mar, 19 2011 @ 08:03 PM
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reply to post by jojubees
 


I suppose the one positive thing about the federal reserve stealing all of America's gold is at least now they don't have anymore to fund another Hitler. I really can't see how the same people that created Hitler would somehow have moderation and only use some of their gold supply.



posted on Mar, 19 2011 @ 08:05 PM
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reply to post by notsofunnyguy
 

We are not on the Gold Standard....But it could be "justified" if they were going to go back on it. This time they would also call in excess silver also if so probably. Remember there were hefty fines back then for not turning in your gold on time (10 yrs and $10,000 which is close to $200,000 today). Altho it wasnt enforced except for a very limited number of show cases....they didnt have the means to track purchases like they do today (besides most of the gold was in gold coinage that was in circulation).

edit on 19-3-2011 by CosmicCitizen because: (no reason given)



posted on Mar, 19 2011 @ 08:21 PM
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Originally posted by jojubees
reply to post by redgreen
 


On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.

He explains that the federal reserve stole the gold out of the treasury. They sent the gold to fund several wars including Hitler. Several shipments of the American peoples gold was shipped to Hitler. To further fleece the American people they ordered the confiscation of gold.

[/url]






Recently I read a news story about gold stored in bank vaults. It seems a large amount of gold bars were to change hands and the buyer wanted to confirm the material is actually gold. The verification process is to drill a very small core sample all the way through a bar to insure the bar is not gold plated Tungsten (atomic weight 183.85)
Well the story said they discovered Tungsten all right. Way is this story not front page news



posted on Mar, 19 2011 @ 08:23 PM
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reply to post by whatwasthat
 

Can you provide a source or is this an "urban legend" like no gold in Ft Knox?



posted on Mar, 19 2011 @ 09:47 PM
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reply to post by CosmicCitizen
 


viewzone2.com...

This is the link to the story about gold plated tungsten in fort Knox.

Let me know if you can open it and what you think please.

edit on 19-3-2011 by whatwasthat because: spelling



posted on Mar, 21 2011 @ 12:59 AM
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reply to post by redgreen
 
no it was bought under market prices by govt/jew finaciers then they used it to bank roll ww2.



posted on Mar, 21 2011 @ 01:07 AM
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Originally posted by notsofunnyguy
reply to post by JakeLeMaster
 


So could this Gold Robbery happen again? There's been a huge push to buy gold (and silver), and it just makes me wonder, especially if those purchases are tracked somehow.


I have put off buying silver because I really wouldn't put it past them to do the same if a global meltdown were to occur..







 
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