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What Gold Nationalization Really Means

Gold owners are almost universally familiar with the story of Franklin Roosevelt criminalizing the ownership of gold back in 1933.

Executive Order 6102 was signed on April 5, 1933, and it forbade the “Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States.”

Roosevelt further ordered that citizens in the Land of the Free surrender their gold to the Federal Reserve in exchange for $20.67 per troy ounce in Federal Reserve notes.

The term gold ‘nationalization’ is often thrown around. But remember, with nationalization, it’s the state that takes control of an asset.

Executive Order 6012 took assets from private individuals, and then gave those assets to a private company – the Federal Reserve. This isn’t nationalization. It’s just theft.

You’d think that the entire nation would have been in an uproar. But surprisingly, this wasn’t the case.

Continue:
http://www.zerohedge.com/news/2013-07-25/what-gold-nationali...




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Some history here.

Gold Swindle: The Story of Our Dwindling Gold by Major George Racey Jordan

http://www.dailypaul.com/276680/gold-swindle-chapter-1-the-g...

Potential Annualized National Debt Allowance - a look back at 40 years of PANDA diplomacy next Pandaline

Thank you

Thank you everyone for your comments on this very important topic.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Why would any proud American need more than $100 in gold coin?

April 5, 1933: A day that will live in infamy! Gold illegal 04/05/2011

Golden EO: April 20, 1933 Another Golden Rule 04/20/2011 On April 5, 1933, Roosevelt commanded all citizens to surrender their gold to the government. No citizen was permitted to own more than $100 in gold coins, except rare coins. Why would any proud, law-abiding American need more than $100 in gold coin?

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

Thank you Mark

Wisdom wins...in the end.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

That was just the beginning of the thievery

In 1934 the FRNs that people now held instead of gold were devalued so that it took 35 to buy an ounce of gold, instead of 20.67.

Thanks a pantload, FDR.