Gold Revaluation is more than a possibility. It's a freight train! Obama StyleSubmitted by SteveMT on Thu, 01/15/2009 - 00:14
Jan 14, 2009
Here's a quotation from President Obama: "There's a new book out about FDR's first 100 days and what you see in FDR that I hope my team can emulate, is not always getting it right, but projecting a sense of confidence, and a willingness to try things. And experiment in order to get people working again."
The highlight of President Roosevelt's first 100 days in office? On April 5, 1933, one month after taking office, he announced his blockbuster:
Executive Order 6102. Claiming authority from the "War Time Powers Act" of 1917, President Roosevelt put total control of the American gold market into the hands of the US Treasury. American citizens were ordered to sell their gold. All of it.
The US govt cannot "juice up" the economy without a drastic cut in the value of the US dollar. If the citizens, and perhaps global citizens, respond to that cut by hoarding gold instead of spending cash on company products, there is no restart. There is a wipeout.
A halt of the new purchase of gold is a prime purpose of a gold revaluation.