Executive order 6102 - Gold Theft

Forget about then, what about now? They have advertised about gold buyers in your area for about a year now. Hammering it into our subconscious that you can get "cold hard cash for your worthless gold jewelry and teeth"

Its nutts really, they're taking it from us now and we don't even realize they are behind it. Liquidate the gold out of the populous so they are 100% dependent on the fed.

After all when the money falls, and you have no gold.....what are you gonna barter with? Its for the same reason that the metal in the coins have no real value.....wouldn't want no rich poor people surviving on their own now would we?

And I'll bet before the last great depression, they were suckin up the gold from the public then too.

Originally posted by Epirus
We all know our population was sold snake oil when the gold standard was abandoned but many don't know about how bad it was even before it ever happened. The government was already stealing gold from the people. Check out executive order 6102.

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

This was done under the guise of curing the great depression...

The order was rationalized on the grounds that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.[1] The New York Times, on April 6, 1933 p. 16, wrote under the headline "Hoarding of Gold", "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 and/or up to five to ten years imprisonment.

Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $371.10 today[3]) per troy ounce.

The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars). The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934.

The government essentially stole the people's physical gold as well as there holdings of gold and made a killing off of their loot. I can't believe how long we have been getting jacked by the RED, WHITE and BLUE. It's always under the masks of fear and protection.

Wiki

edit on 1-5-2012 by Epirus because: (no reason given)

i read the history, and there is alot more to it than you selectively have put into your initial post. there was only one case brought to trial and it was dismissed. it was also recinded in 1934 by the same president. people need to do their own research....and if you think that was bad, read about the booms and busts in regard to setting up a national monetary system for the U.S. in the 1800's....let's just say the wealthy were screwing people back then just as badly as they are today.

Another interesting point is the "confiscation" led to the Exchange Stabilization Fund

The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the US government to influence currency exchange rates without affecting domestic money supply.

which may have started the World Bank and the International Monetary Fund...

The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of January 31, 1934. 31 U.S.C. § 5117. It was intended as a response to Britain's Exchange Equalisation Account.[2] The fund began operations in April 1934, financed by $2 billion of the $2.8 billion paper profit the government realized from raising the price of gold to $35 an ounce from $20.67. The act authorized the ESF to use its capital to deal in gold and foreign exchange to stabilize the exchange value of the dollar. The ESF as originally designed was part of the executive branch not subject to legislative oversight.

The Gold Reserve Act authorized the ESF to use such assets as were not needed for exchange market stabilization to deal in government securities. The Fund had no statutory authority, however, to engage in other activities that it began to undertake.[citation needed] The principal such extraneous activity it devoted itself to was lending dollars to politically favored governments.

In 1938–40, the director of the Division of Monetary Research, Harry Dexter White, worked on a proposal for loans to Latin America and participated in plans for an Inter-American Bank, which did not materialize. The plan for an Inter-American Bank, however, inspired White's first draft of the subsequent plans for the International Monetary Fund and the World Bank that White prepared in 1941 at Secretary of the U.S. Treasury Henry Morgenthau's direction.

It was funded by Franklin D. Roosevelt under the Emergency Banking Act of 1933.

Hmmm.

They needed the Gold in one convenient place in order to get the agenda going.

The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars). The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934.

E.O. 6102

Originally posted by jimmyx

Originally posted by Epirus
We all know our population was sold snake oil when the gold standard was abandoned but many don't know about how bad it was even before it ever happened. The government was already stealing gold from the people. Check out executive order 6102.

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

This was done under the guise of curing the great depression...

The order was rationalized on the grounds that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.[1] The New York Times, on April 6, 1933 p. 16, wrote under the headline "Hoarding of Gold", "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 and/or up to five to ten years imprisonment.

Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $371.10 today[3]) per troy ounce.

The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars). The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934.

The government essentially stole the people's physical gold as well as there holdings of gold and made a killing off of their loot. I can't believe how long we have been getting jacked by the RED, WHITE and BLUE. It's always under the masks of fear and protection.

Wiki

edit on 1-5-2012 by Epirus because: (no reason given)

i read the history, and there is alot more to it than you selectively have put into your initial post. there was only one case brought to trial and it was dismissed. it was also recinded in 1934 by the same president. people need to do their own research....and if you think that was bad, read about the booms and busts in regard to setting up a national monetary system for the U.S. in the 1800's....let's just say the wealthy were screwing people back then just as badly as they are today.

Really?

So the fact that the government made it illegal for a law abiding/tax paying citizen to possess a certain amount of a certain non-destructive(not used to create weapons in mass) precious metal which they could have made money on themselves...instead ended up making the government almost 2x the amount they bought it for(aka stole or bought by force) within months doesn't bother you? What, because they reversed it so they could get elected again after they made their money?

Yes I do "think that was bad", sure there has been a laundry list of atrocities committed against the people but this thread is focused on this one, hence the title. I'm not listing it in rank or upgrading it's importance among others, merely trying to inform and discuss this one.

You are the sheep...naive...the sheep says, "Baaaa, let the dog take a nap the wolf won't hurt us." That or you're just argumentative and enjoy arguing regardless of point.