$10,000 Fine and 10 years in jail or ...

$10,000 Fine and 10 years in jail or both

Posted in the Keavy Forum

real

London, KY

#1 Jul 14, 2013
Gold Confiscation Act Of 1933... Can It Happen Again?

This was done in 1933 under a Declared National Emergency, which we have been under since. Not only the people, but also Corporations, Partnerships and Associations were all required to hand over all of their Gold Currency and Gold Bullion to the Government, aka, FRB. What they received for payment was the soon to lose value, Paper Money.Never in our history was such a massive seizure of private property ever perpetrated. Without knowledge of these Acts, it is highly probable for the same kinds of property seizures to occur again.
real

London, KY

#2 Jul 14, 2013
On April 5, 1933 the President issued executive order No. 6102, also known as the 1933 Gold Confiscation. This Executive Order resulted in...

A Declared National Emergency, which the just passed Emergency Banking Act gave the President at his own discretion to declare a national emergency for any reason he wanted.
Made the hoarding of gold (Any Gold worth more than $100.00 per person) whether it was in Gold Coin, Gold Bullion or Gold Certificates in the United States either by individuals, partnerships, corporations and associations prohibited.

Forced everyone in the Nation to hand their Gold over to the Bank for only $20.67 per troy ounce.

Made it a criminal offense for any individual who was found in Violation of this order.(including private citizens, and officers, agents or directors of corporations that knowingly violated any part of the executive order):$10,000 fines, 10 years in prison, or both.
real

London, KY

#3 Jul 14, 2013
Once the Gold was confiscated from the People and illegal to own. The Government raised the Value of Gold from the price paid to the people of $20.67 per troy ounce to $35 per troy ounce.

What this did was lower the value of the Dollar Instantly. While the Value of Gold rose by +69%, it devalued the dollar by the same amount. The people found their dollars to be worth -69% less then when they accepted it. This made it even harder for the people to survive in what was already a Depression. The Government in effect, almost got all the gold for nothing... Another sweet deal. In law, to paraphrase, the one who brings an action must provide the remedy as well...

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