Correct. Gold was confiscated in the 1930s in order to expand the monetary base where the dollar was theoretically 'gold backed'. The monetary base was doubled between 1933 and 1938. But I imagine they might want to create a new dollar after total devaluation and back it by something like gold or federal land holdings (ie Weimar Germany).
If they want to confiscate gold, what they'll do is slap a MASSIVE tax on its sale, then "offer" to buy it from the public, tax free. The herd will go for this.
I am very, very worried about government taking over 401ks and IRAs under the guise of "pension security", then forcing investment in Treasuries at 3% to prevent a Treasury collapse. Socialist Theresa Ghialarducci has Obama's ear on this one.
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