Executive Order 6102

This is an interesting part of history that shows the government can issue orders to seize wealth.
We know why the government said it should do this, but what do you think the real reason was?

Can it happen again? This time with silver and gold?

Originally posted by Blue_Jay33



This is an interesting part of history that shows the government can issue orders to seize wealth.
We know why the government said it should do this, but what do you think the real reason was?

Can it happen again? This time with silver and gold?

Why?

Rationalization

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 On March 6, taking advantage of a wartime statute that had not been repealed, he issued Presidential Proclamation 2039 that forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 and/or up to five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."[2]

The real reason...

Not sure as to all of the particulars, but I would suggest that what the government had to say was the largest contributing factor. The right choice? I don't believe so...

This was the economic theory era, in which old ways were being tossed out, new ways sought after and the development of many principals. There were many blunders and a failing system.

Some how the Trading with the Enemy Act of 1917 allowed the President to carrying out this executive order. Not sure if there's currently something in the books that allows for something like this to happen again. Although with gold being removed form backing the dollar I would hope it would be more difficult for something like this to happen

Maybe... the real 'real' reason

'They' want your gold! Probably for secrete advanced technology and trade with aliens!

The people were not turning in the gold to the government. They were ordered to turn it over to the private FEDERAL RESERVE. So did FDR's overlords threaten him? Or did he comply under duress?