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April 5, 1933: A day that will live in infamy! Gold illegal!

April 5, 1933: A day that will live in infamy
12:20p ET April 5, 2011 (MarketWatch)

Today marks the 78th anniversary of an event about which most Americans are completely ignorant, but one which looms quite large among an older generation of gold investors.

On April 5, 1933, President Franklin D. Roosevelt signed an executive order forbidding U.S. citizens from owning gold. [A proclamation fitting of a King]

It remained the law of the land for more than four decades. Only on Dec. 31, 1974, was it finally repealed.

If you're younger than your late 50s and were therefore no older than high-school age on the latter date -- if even born -- then you take for granted the ability to invest in, and trade, bullion. You might even implicitly assume that it's been forever thus.

If you decide to buy some gold today, perhaps you can acknowledge your debt to the many libertarians and countless others who lobbied for years for the repeal of FDR’s edict.

— Mark Hulbert, MarketWatch author

Search: Gold 1933

--- Executive Order, 1933: Give up your Gold! ---
--- under penalty of $10,000 & 10 years imprisonment ---

By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of this order:
Section 1. For the purposes of this regulation, the term "hoarding" means the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.

(c) Gold coin and bullion earmarked or held in trust for a recognized foreign Government or foreign central bank or the Bank for International Settlements [Central Bank of Central Banks].

(d) Gold coin and bullion licensed for other proper transactions (not involving hoarding) including gold coin and bullion imported for reexport or held pending action on applications for export licenses.

Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, or gold certificates after April 28, 1933, shall, within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion or gold certificates are held for any of the purposes specified in paragraphs (a), (b), or (c) of Section 2; or unless such gold coin or gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.

Section 4. Upon receipt of gold coin, gold bullion or gold certificates delivered to it in accordance with Sections 2 or 3, the Federal Reserve Bank or member bank will pay therefor an equivalent amount of any other form of coin or currency coined or issued under the laws of the United States.

Section 5. Member banks shall deliver all gold coin, gold bullion and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal Reserve Banks of their respective districts and receive credit or payment therefor.

Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion or gold certificates delivered to a member bank or Federal Reserve Bank in accordance with Section 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal Reserve Banks.

Section 7. In cases where the delivery of gold coin, gold bullion or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath, addressed to the Secretary of the Treasury and filed with a Federal Reserve Bank. Each application must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.

Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry out the purposes of this order and to issue licenses thereunder, through such officers or agencies as he may designate, including licenses permitting the Federal Reserve Banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin and bullion to or for persons showing the need for the same for any of the purposes specified in paragraphs (a), (c) and (d) of Section 2 of these regulations.

Section 9. Whoever willfully violates any provision of this Executive Order or of these regulations or of any rule, regulation or license issued thereunder may be fined not more than $10,000, or, if a natural person, may be imprisoned for not more than ten years,or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

This order and these regulations may be modified or revoked at any time.

Franklin D. Roosevelt: Executive Order 6102 - Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the
Government
[of the USA... land of the Gold free].

1933. Two Executive Orders (EO) tiled "Gold"...

1826 - 2011. USA Presidential Orders. Posted @ UCSB.org

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The Patriot Act allows for a future confiscation I believe.

I think it would cause a revolt this time however.

And it's probably less likely to happen now because in 1933, the government fixed the price of gold at about $20.00 an ounce.

Then right after they confiscaated American citizens' gold, they raised it to $35.00.

So they immediately realized a gain of nearly 100%.

It was an immoral money-grab by the rotted socialist FDR and his bankers (the FED).

Today the price is set by the markets because after 1971 when Nixon cut all ties to the gold standard, the government quit trying to artificially place a price on it.

Governments throughout history have tried to fix a value on an ounce of gold, but it never works in the long run because free-markets are more powerful than an "all-knowing" bunch of government thieves trying to tell people what gold is supposed to be worth.

To better understand this, there is a great book by Murray Rothbard titled "What Has Government Done To Our Money?"

Anyone wishing to better understand monetary policy through history should read it.

It's a small, affordable and easy to read book available on Amazon.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Never Again!

Nuff said!

Without one clause it could have been unlikely

Article I Section 8 Paragraph 2

To borrow Money on the credit of the United States;

How is a shared debt a Blessing of liberty and for our posterity? It clearly is not.

Free includes debt-free!

Con or Not

The confiscation allowed individuals to keep $200 in gold in their possession. If everyone had done that, their $200 would have ballooned to nearly $15,000 today.

The problem was, hardly any of the ordinary people back then even had gold coins in their possession. Remember that $20.00 was a lot of money in those days, and that was the Depression.

I remember as a kid in the late 1940s, that silver dollars were a novelty. If you had one, or a few, you didn't spend them. Silver halves, quarters and dimes were in circulation, but even in the '40s silver dollars were rare in commerce, and hard to get except maybe in Nevada.

Our money was partially backed by precious metal back then, but few ordinary citizens ever saw much of it.

Oft read $200. FDR declared, "$100."

You have nothing but Presidential Fear... Himself... to fear. Fear D. Roosevelt wrathly declared: "$100 ... $10,000 penalty... 10 years imprisonment..."

... All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:
...
Section 2 b:

    Gold coin and gold certificates in an amount not exceeding in the aggregate $100 belonging to any one person; and gold coins having a recognized special value to collectors of rare and unusual coins.

Please read the last section, Section 9:

    Section 9. Whoever willfully violates any provision of this Executive Order or of these regulations or of any rule, regulation or license issued thereunder may be fined not more than $10,000, or, if a natural person, may be imprisoned for not more than ten years,or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

Please forward any excess gold (GT $100) to:

Your prompt action attending to this matter will be appreciated. This proclamation not subject to inflation. 1974, this act was repealed.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

But why gold?

Courts upheld confiscation of 5000 OZ in one case.

Remember trading you little brother a big thick nickel for that little tiny dime.

Did the Federal Reserve trade us a big piece of paper cleverly intaglioed in fancy colors for a small yet golden ounce of gold? Or else!

If paper was as good as gold, then why grab the gold under penalty of imprisonment. Why gold?

Free includes debt-free!

Because FDR Proceded to Revalue Gold

upward in price by a large margin as soon as he had it in his clutches. By confiscating the gold first, the government made the profit on the revaluation, rather than the citizens who had held the gold.

It is unlikely much gold went to FDR. Order delivers to the Fed

Gold delivered directly to the Fed.

Treasury of the USA paid shipping.

FDR read great speeches as directed...

Please read Sections 5 & 6.

Section 5. Member banks shall deliver all gold coin, gold bullion and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal Reserve Banks of their respective districts and receive credit or payment therefor.

Section 6. The Secretary of the Treasury [of the USA], out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion or gold certificates delivered to a member bank or Federal Reserve Bank in accordance with Section 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal Reserve Banks.
---
Thank you. Regards,

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

It is rumored

that much of the gold was sent to central banks in Europe, who needed to cover their own bank runs in their own depression over there.
The Rothschild empire had to get gold to keep faith in the Ponzi scheme they had running in Europe.
If people could go to the banks and get their gold, then they were "convinced" that the banks were safe. Gold was made illegal to own in the US, and that protected the US banks from having to provide any gold to the depositors.
It was all a global scam. The US was sheared of its gold to keep the world central banking system propped-up.

Very similar to the modern TARP bailout, where 70% of the TARP money was sent to bail out European banks.

What you presented about... who got the gold, I pondered.

Easy to imagine, now that you present it. Difficult to confirm in any exact way.

Section 2 (c): (c) Gold coin and bullion earmarked or held in trust for a recognized foreign Government or foreign central bank or the Bank for International Settlements [Central Bank of Central Banks].

Federal Reserve was clearly specified as the gold delivery recipient. Several President Roosevelt Executive Orders specify Foreign Central Banks & the Bank of International Settlements (Switzerland, the neutral state). Governments & Central Banks are clearly specified as different entities. Never the twain, shall they be the same.

I know not the percents & fractions.

Suspect no bank safe. No combination; No key. They might contain what is known as a safe or vault. The contents are owned by man.
---
The Fed: Loaning you blind, since 1913.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Had to be redone

Courts decided order needed signature of the the Secretary of Treasury.

An Executive Order needs the signature of the Secretary of Treasury? That is not in the Constitution.

Free includes debt-free!

"The Castigation of Gold" ...

The cast, in order of appearance (appearing as themselves)

  • President (2 citations)
  • Roosevelt, Fear Himself (one reference, one signature)
  • Federal Reserve (9 references, no signature)

To whom does this railroaded act belong?

The USA Secretary of the Treasury appeared in a cameo role after the proclamation, witnessing (notarizing) the bank order.

This is similar to how the USA Federal Reserve Note is signed by the USA Treasurer, as agent. It is notarized by the USA Secretary of Treasury, as witness.

Alas, a bank note... a promissory note... comes to value with a debtor agent signature & a bank witness.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Maybe that is where this idea came from

"Take a silver dollar, put it in your pocket, never let it slip away"

Endless Highway, The Band

=======
RON PAUL 2012

"Take a silver dollar, put it in your pocket, never let it slip

Sentiment expressed in your referced lyric trundled along with travelers over the millenniums.

"Take a silver dollar, put it in your pocket, never let it slip away" - The Band

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Do you have the text? If you do I can translate it to show how

The con to get people to give up their gold worked.

Pulblic Domain. Easy to find. Hear are all EOs: USCB.edu

1933. Two Executive Orders (EO) tiled "Gold"...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

According to Section One Executive Order 6102

it only applies to businesses "within" The United States. Types of businesses it applies to are Individual, Partnership, Corporation.....
This has nothing to do with anyone not engaged in business "within" The United States. So only those corporate entities registered to do business within The United States Merchant association at the time were ordered to turn in the gold. A business is defined as a legal entity using negotiable instruments. If someone only used real money in a private trade but didn't use instruments of credit or debt then this would not apply to them. This executive order was just a trick to get people to give their Gold to the criminal Bankers and their freedom along with it. Then the people would be tricked into using the bankers debt instruments thus making everyone a soul trader or that is to say a business "within" The United States.

August 5th 1933 was the end of freedom and the beginning of Communism/serfdom/debt slavery in America.

I think the problem boils down to the fact people were convinced that they were The People named in Constitution for The United States of America and that U.S. Government was that same 1789 Government instead of the 1871 City of London registered corporation.
So the people placed mistaken trust and credibility in a foreign bankster owned and run corporation.
Our station today is the result.
We have been misled to our own slaughter.
The solution is just to keep teaching people who they are running "The Outfit".
Eventually enough people will no longer falsely perceive The United States as the lawful law of the land and it will fall under the weight of it's own lies.
Thanks for the link Mark.

The Oracle

I hope Dr Ron Paul & other wise men can help repair this damage.

Responding to fine points raise specifically.

As interpreted by defense attorney...
"it only applies to businesses 'within' The United States." - The Oracle, for the defense

Again, as interpreted by defense attorney... citing law book definitions... not presented to us poor folk...
"A business is defined as a legal entity using negotiable instruments. If someone only used real money in a private trade but didn't use instruments of credit or debt then this would not apply to them." - The Oracle, for the defense

Fooled me. [muttering]
" This executive order was just a trick to get people to give their Gold to the criminal Bankers..." - The Oracle, for the defense

1933. Gold Executive Order

Presented to us poor folk. Lawyering not included...
"... prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals..." - 1933 EO, Pres. FDR, First Paragraph, the offense

"the term "hoarding" means the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade." - 1933 EO, Pres. FDR, First Paragraph, the offense

Required surrender except... lawyer this... lawyer that...
Section 2 (d) Gold coin and bullion licensed for other proper transactions (not involving hoarding) including gold coin and bullion imported for export..." - 1933 EO, Pres. FDR, First Paragraph, the offense

[& other such lawyer nonsense.]
----

I passively follow your sincere message & I thank you. It is wrong, what was done. You explained in a way I am quite familiar. Thank you for presenting your writing for others.

I will not waste your time nor effort disagreeing. I am actively disagreeable. That is my nature.

I seek a repairman.

      Cheers!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Camptown Races, 1850 by Stephen Foster (1826–1864)

Familiar I am, with which you scribe. Many scribes & scholars have written as much. I take no umbrage. I take your words with an honorable sense of sincere desire to inform... about the deceitful nature of the act... the proclamation... This despicable Executive Order meant us poor folk harm.

All the lawyering in the wind made us feel worse & our pockets lighter. To us, a person or individual meant a human. It still does.

--- Let us view this matter as I did... From a saloon... ---

[Posted on Saloon Door: Surrender Your Gold by Order to the President]

[Victrola plays gaily inside the saloon: Camptown Races]

1933. As us folks read it... We read it like all the by-gone noble proclamations of Kings, Dukes & Czars. The proclamations were posted on tavern doors so as to be sure to catch our attention... & empty our pockets befrore entering the saloon.

Section 1.... The term "person" means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates...

...do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals...

    The End... FDR

--------------------- "Camptown Races" ---------------------

"Camptown Races" was written by preeminent American songwriter Stephen Foster, published song in 1850. The first recording was made by the Christy Minstrels.

Where is Camptown? Camptown is in Pennsylvania, near Foster's hometown. The phrase "camp town" also refers loosely to towns transients would set up near train tracks. It was easy hopping trains from job to job.

Most of us poor folk sauntered through the saloon door & gave those sorts of proclamations no mind. Other, more impotant matters occupied us inside the saloon.

      Cheers!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The Newspapers, Radio, Then TV Is What Made People

notice the self appointed princes. FDR would have had little chance getting his proclamations noticed 100 years earlier. The written word was the first tool beyond speech which gave one Man the power to transfix millions of imaginations. Radio expanded the living voice, TV projected the mirage that that one man was everywhere in everyone's living room at once.

If you look into into their magical light you will be drawn in like a moth to a flame and destroyed.

New movie out using that theme, I forget the name. The people in L.A. look into the light from these U.S. corporations, I meant spaceships, and get sucked in. Then their brains are plucked out and put into little corporations, I meant robots, and used to collect up other human slaves.

The Oracle

World History of communication in but a page.

At the risk of going over a word limit on your fine summary of human communication broadcasting, let me add a few lines.

  • "Speech...." Balanced lifestyle.
    • Hunting.
    • Gathering.
    • Chatting
  • The written word was the first tool beyond speech which gave one Man the power to transfix millions of imaginations."
    • Writing.
  • Movable type printing press.
    • Printing.
    • Balancing information distribution came the advent of newspaper misinformation.
    • Most expensive of all, the Free Press.
  • Telegraph.
    • Instant remote communication
    • Instant celebrities
      • Mark Twain
      • Rudyard Kipling
  • Telephone.
    • Instant remote voice communication
  • Motion Picture theater.
  • "Radio expanded the living voice,"
  • Television
    • Motion Picture Box: projected mirage that man was in everyone's living room at once."
  • Computer Networks.
    • Everyone is in everyone living space.
    • Little home cooking done from scratch.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The Internet Brings Us Full Circle Back to Speaking to Each

Other. This is totally the opposite of the twentieth century model of one voice speaking to many, which newspaper and book publishing, Radio, and TV created.
The Internet means no one can command the imaginations of millions by monopolizing a centralized means of communication to project their singular voice at the exclusion of all others.

This means the spread of The Internet is creating an altogether new form of civilization where ideas will have to compete on their merit and will not be limited to those force fed to us by a centralized message provider.

This new way of communicating marks the end of twentieth century collectivism because collective thought can no longer be maintained by the State's former power to limit the message to their chosen message.

This new way of communicating marks the end of government in fact, because government's primary purpose was to limit the thinking of a given populous, which is no longer possible with limitless communication.

This new way of communicating means no less than the end of civilization as we humans have known it since the very dawn of civilization.

A new forum for the exchange of ideas always results in a new form of civilization. The change cannot be stopped only resisted and eventually mitigated somewhat. The printing press led to the Protestant Reformation and The Enlightenment, and then the American Revolution. The centralization of Radio and TV made twentieth century mass delusional collectivism possible. Today all of us being able to to talk to all of us or any one of us at any time changes everything. Now we have the written word, the spoken word, the photographic image, the video images, all at each of our command. Now, we are each The Authors and thus The Authority over our own life story.

The One voice that will prevail in a sea of voices with equal access to this new forum will not be the loudest or strongest anymore, but the one whose voice is the most valuable to us all, the One who speaks the truth.

Perhaps Ron Paul is The One.

The Oracle

Gander at National Geographic to see sights I may never visit.

Respectful of your thoughts. Some of them line up with my imagination (e.g.: Monopoly); others veer off on paths I do not travel. Much the same, I leaf through the pages of National Geographic... to see sights I may never visit.

Thank you.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

"ideas will have to compete on their merit"

The current State of Israel is NOT what you think it is you DUMB-Downed Christian!!!

Relevance?

What does The State of Israel got to do with this thread?
Who said I am a Christian?
Who said I am?
What proof do you have that I am "a dumbed down Christian"?
How would you know what I think about "The current State of Israel"?
When did I give you authority to make a legal determination about what I think? Show me the contract.
Who or what are you?
Are you a computer?
Or are you a heavily drugged human?

The Oracle

I was advancing an "idea"...

...into the marketplace for public consumption based on your excellent assertion that I quoted...it was not directed at you personally...

I Get Your Drift Now. Here is My Idea for Your Consideration.

I have an idea to advance into the marketplace of ideas.
Let me get my journal...

What is reality? And whose reality is it?

Everything you think you see, everything you believe you have ever "known", is merely a figment of your imagination, that you yourself manifested. What you see around you is not real any more than any other dream you might have, except this dream is someone else's dream that you brought into the real world, at their command, without You ever knowing whose dream it was. You were taught to believe it was your dream, however, this dream was merely the offspring of a seed planted in the fertile soil of your imagination, to swell, and grow, and bear fruit for the farmer who planted the seeds of His Dreams in your imagination. It was not your dream that you fulfilled, but merely his order that he gave to you to make his dreams come true which you so eagerly carried out for him, because you were very carefully cultivated to never be allowed the chance to have a dream of your own conception. Why that would be a waste of your creative powers if you were to work to make your own dreams come true. Such a waste of your labor cannot be allowed since the farmer claims that ALL of your life's labor is pledged to the farmer.

So all "The World" you think you "knew" around you is nothing more than one very large corporation's scientifically engineered work environment, a zoo of sorts to keep you in, which was created to titillate and excite you, to scare and frighten you, to distract and entertain you, so that THEY could daily drain from your veins every last ounce of your life's creative energy, which of course they then directed what was once upon a time "your" creative energy towards making, not your dreams, but in your dream's place, the Human Farmers' Dreams, bear fruit, not for you of course, but for The Benefit of Those Who Farm The Fertile Fields of the Human Imagination.

It was never your dream that you built, but theirs, the seeds of which were planted in your tender imagination at a very young age, like a parasite. This parasite called The Public Mind was carefully cultivated inside your head for many seasons until it enveloped your brain, feeding on your life force as you grew and giving life to their wicked dreams which your life force has been stolen from you to make manifest.

The Oracle