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Waxman now after gold and
Seeking Alpha ^ | 9/16/2010 | Ira Stoll

Posted on 09/16/2010 12:18:39 PM PDT by vets son

Congressmen Weiner and Waxman Set Gold Hearing


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: beck; democratcongress; democratcorruption; democrats; economy; gold; liberalfascism; waxman; weiner
"Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it's also trying to prevent you from parking your wealth in assets, like gold, that compete with the paper dollars issued by the Federal Reserve and the Treasury."

They are going after conservative pundits that are telling the truth about the state of our currency and are probably looking at ways to either prevent the accumulation of gold or taxing the heck out of it.

1 posted on 09/16/2010 12:18:42 PM PDT by vets son
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To: blam; Travis McGee
Perhaps of interest.

This happened under FDR's reign during the Great Depression, and it should come as no surprise that his 'fellow travelers' at this point in history are walking in his footsteps.

Click the Gadsden flag for pro-gun resources!

2 posted on 09/16/2010 12:23:48 PM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: vets son
It's all about
CONTROL
3 posted on 09/16/2010 12:30:24 PM PDT by a fool in paradise (Ask yourself,where does Saudi Arabia fit on a scale of "passive" to "moderate" to "extremist" Islam?)
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To: Joe Brower
Soon after FDR was inagurated he issued an executive order effectively outlawing gold. Did the Democrats give warning this was going to happen, or did they surprise American with it the morning the order was issued? Had the New York Times been pounding on the eeeeeeeevil of a gold based currency for a while to beat down the citizens objections to having their gold stolen by the government?
4 posted on 09/16/2010 12:30:47 PM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
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To: vets son

In the 1930’s FDR confiscated gold with only 30 days notice for holders to go to the bank and get what FDR deemed as it’s value not the market! History repeating itself?


5 posted on 09/16/2010 12:31:03 PM PDT by albie
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To: vets son

These two rats are easy to despise!


6 posted on 09/16/2010 12:31:09 PM PDT by IbJensen (Our government is a disease masquerading as its own cure.)
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To: Joe Brower
Thanks

That's why we also bought lead.

(There's no peaceful way back from here...prepare now)

7 posted on 09/16/2010 12:32:37 PM PDT by blam
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To: vets son

8 posted on 09/16/2010 12:34:32 PM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: vets son

Waxman, funny. I wonder if anyone will connect the dots to the Fed printing too much money and the price of gold? Such an obvious connection is beyond the Dems. More like gold is being speculated by speculators? Funny. Just real funny.


9 posted on 09/16/2010 12:35:19 PM PDT by equalitybeforethelaw
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To: traditional1

How could anyone vote for this POS?


10 posted on 09/16/2010 12:37:10 PM PDT by True Grit
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To: vets son

Wait, wait; don’t tell me! They are about to outlaw private ownership of gold a la Roosevelt’s gangsters. Right?


11 posted on 09/16/2010 12:37:28 PM PDT by pabianice
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To: albie
How did FDR go about the actual confiscation of the gold. Did he seize all safety deposit boxes at banks? Did he enter private homes and demand to have the gold? What about those who refused?
12 posted on 09/16/2010 12:40:57 PM PDT by Ditter
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To: Ditter

You were wondering about that 1099 deal in the healthcare bill about....gold?


13 posted on 09/16/2010 12:43:39 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: traditional1


Separated at birth?
14 posted on 09/16/2010 12:44:44 PM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: traditional1

Henry,
You are one ugly mutha...


15 posted on 09/16/2010 12:45:07 PM PDT by a real Sheila (NEVER FORGET 9-11! NEVER FORGET!)
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To: traditional1

The congresscritter from 90210 nicely illustrates Rush's definition of politics: show business for ugly people.

16 posted on 09/16/2010 12:45:09 PM PDT by cynwoody
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To: EBH

I was asking about FDR.


17 posted on 09/16/2010 12:46:16 PM PDT by Ditter
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To: albie

He then sold it short on the world market and further devalued our currency. FDR was an idiot.


18 posted on 09/16/2010 12:47:52 PM PDT by massgopguy (I owe everything to George Bailey)
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To: albie

But there will be many more pissed off people this time around than in the 30’s. And most of them will be known because of the better record keeping today.


19 posted on 09/16/2010 12:47:57 PM PDT by 353FMG (ISLAM - America's inevitable road to destruction.)
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To: vets son

Waxman would investigate Stayfree and Midol if they advertised on Beck.


20 posted on 09/16/2010 12:49:20 PM PDT by sportutegrl
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To: Ditter

“Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possession of gold and silver be tendered within fourteen (14) days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe-deposit boxes in banks or financial institutions have been sealed pending action in the due course of law.”


21 posted on 09/16/2010 12:49:52 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: pabianice
They are about to outlaw private ownership of gold a la Roosevelt’s gangsters. Right?

They don't have to do that.

What they WILL do, IMO, is ban the sale of gold in G-20 countries at other than the official price.

Gold is an insurance policy. They will make sure you can't cash out.

IMO.

22 posted on 09/16/2010 12:51:56 PM PDT by Jim Noble (If the answer is "Republican", it must be a stupid question.)
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To: EBH

So that was FDR I guess, did he seal all the safety deposits without warning?


23 posted on 09/16/2010 12:55:57 PM PDT by Ditter
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To: vets son
This article is a must read.

The incredibly petulant and low-minded press release from Weiner's office reads like it was written by a special-ed sixth grader. Nothing more than a poorly written rant lashing out at their hobgoblins - Glenn Beck etc.

It's hard to believe this kind of s**t came from a sitting congressman and they're actually going to have hearings on the subject matter.

24 posted on 09/16/2010 12:55:57 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: Ditter

Yep. He did.


25 posted on 09/16/2010 1:02:05 PM PDT by EBH (Our First Right...."it is the Right of the People to alter or to abolish it,")
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To: a fool in paradise

More from this article:
The press release says, “Goldline employs several conservative pundits to act as shills for its’ precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative.


26 posted on 09/16/2010 1:06:00 PM PDT by vets son
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To: True Grit
How could anyone vote for this POS?

Government schooling + MSM indoctrination.

At least 40% of Americans have absolutely no idea what America represents, or why it must be completely free from people like Waxman.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

27 posted on 09/16/2010 1:06:56 PM PDT by The Comedian
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To: Ditter

Yes... thousands of safety deposit boxes were drilled by Revenuers in the 2 years after FDR’s EO.

Yes, the Revenuers went on over a thousand home raids to confiscate gold.

Yes, those who refused had the gold confiscated and were brought up on Federal charges.

Yes, the IRS 1099 law effectively lays the groundwork for history to repeat itself starting on January 1st 2011.

NO, I don’t think Obama has the ability to implement such a policy without starting secessions and a civil war.


28 posted on 09/16/2010 1:16:57 PM PDT by JerseyHighlander
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To: vets son

As if no DemocRAT ever tried to talk down the economy.

This stock market started sliding ever since Obama became the preferred candidate in the DNC race in February of 2008.


29 posted on 09/16/2010 1:19:09 PM PDT by a fool in paradise (Ask yourself,where does Saudi Arabia fit on a scale of "passive" to "moderate" to "extremist" Islam?)
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To: JerseyHighlander

Thanks for being specific!


30 posted on 09/16/2010 1:20:26 PM PDT by Ditter
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To: JerseyHighlander
Civil war? It didn't last time.

Hopefully, we've become a lot less tolerant of that kind of tyrannical crap.

31 posted on 09/16/2010 1:29:58 PM PDT by Dead Corpse (III, Alarm and Muster)
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To: JerseyHighlander

So it Begins. Just waiting for gold to nosedive for a gift horse.


32 posted on 09/16/2010 1:56:17 PM PDT by Orange1998
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To: Ditter
So that was FDR I guess, did he seal all the safety deposits without warning?

That's why you should have a safe. I wouldn't keep valuables somewhere that I didn't have direct control over.

33 posted on 09/16/2010 2:09:16 PM PDT by Disambiguator
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To: Dead Corpse

If gold is confiscated at a predatory exchange rate to Federal Reserve Notes again, the international currency and debt markets would make it impossible for DC to continue to fund state’s deficits.

In short order the Congress would become unmasked, and the wolves would be out in force.

Congress could appropriate a few Trillion dollars to unemployment insurance subsidies to the States, the States could distribute the monies, but the state employees themselves will not be able to afford a loaf of bread fro their kids to eat, and the unemployed will be starving to death in the Unemployment office lines.

Gold confiscation would cause near immediate hyperinflation... at a time when the US, EU and Japan are unable to cope.

The shackles that keep this union of states together in a Republic will rust away immediately.


34 posted on 09/16/2010 2:57:15 PM PDT by JerseyHighlander
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To: cynwoody

Waxman is proof that God has a sense of humor.


35 posted on 09/16/2010 2:59:22 PM PDT by reagan_fanatic (YouTube My Space and I'll Google your Yahoo.)
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To: vets son

http://www.coachisright.com/obama%e2%80%99s-%e2%80%9cyes-we-can%e2%80%9d-could-easily-mean-%e2%80%9cyes-i-can-nationalize-your-gold-if-i-want-to%e2%80%9d/
we have to be careful


36 posted on 09/16/2010 4:29:41 PM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: Ditter

On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.

http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard


37 posted on 09/16/2010 6:20:10 PM PDT by B4Ranch (Conflict is inevitable; Combat is an option. Train for the fight.)
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To: EBH
“Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possession of gold and silver be tendered within fourteen (14) days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe-deposit boxes in banks or financial institutions have been sealed pending action in the due course of law.”

And this law will be just as effective as Prohibition and the WOD. We ain't gonna be good little citizens and turn it over this time....
38 posted on 09/16/2010 9:43:46 PM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: EBH

You should source your quotes. Just by reading the syntax and language one can tell that was written by some tard.

For one thing, silver was never criminalized. The government did eventually stop minting them, but not until 1964.
Roosevelt did outlaw gold, and also, reneged and repudiated all contracts
with gold clause, a very cmon practice.


39 posted on 09/17/2010 3:19:35 AM PDT by Freedom4US
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To: EBH

Really? Can you cite a source please.


40 posted on 09/17/2010 3:23:43 AM PDT by Freedom4US
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To: traditional1

Is it just me, or does Waxman look like a satanic Porky Pig to anyone else?


41 posted on 09/17/2010 3:29:36 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Freedom4US

This might be the source
http://www.austincoins.com/confiscation.htm


42 posted on 09/17/2010 2:12:47 PM PDT by jafojeffsurf ( Return to the Constitution.)
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To: jafojeffsurf; Freedom4US

Or maybe this
http://en.wikipedia.org/wiki/Executive_Order_6102

Actual there are thousands of them just try a search on the Executive order 6012 for it did happen once and I am assuming from your question you did not know this. Maybe I misunderstood your question.


43 posted on 09/17/2010 2:17:48 PM PDT by jafojeffsurf ( Return to the Constitution.)
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To: jafojeffsurf

6102 that should be.


44 posted on 09/17/2010 2:18:50 PM PDT by jafojeffsurf ( Return to the Constitution.)
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To: jafojeffsurf

I’m aware of the confiscation order of 1933. There were people who had gold bars on deposit who had their wealth stolen, but that isn’t the same as confiscating contents of safe deposit boxes.

So if you can find a cite, that would be interesting (it isn’t up to me to prove you wrong since you’re making the claim). In any case it’s really sad how the government basically stole the wealth of the nation like that.
The good news, it’s a trick that only works once.


45 posted on 09/17/2010 6:36:36 PM PDT by Freedom4US
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To: jafojeffsurf

No, that’s not a source.

Classic example of why people need to source PRIMARY sources and documents. There are copies of the original order available through .gov in .PDF form, there is no mention of silver confiscation (duh) nor anything about safe deposit boxes. Most people back then learned of it at their Post Office, on a large poster with the text of the executive order.

Austin rare coins just wants to scare people into buying numismatic coinage under the implication that those types of coins wouldn’t be stolen for some reason, and without regard to that are posting bogus versions of presidential XOs. Pretty scurvy.


46 posted on 09/17/2010 6:48:42 PM PDT by Freedom4US
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To: Joe Brower
I thought that when FDR confiscated gold in 1933, he was doing that because he was trying to build-up Federal gold bullion and that only rare, collectable coins were exempt? Nicki Douglas
47 posted on 09/22/2010 5:22:07 PM PDT by NickiD
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