Skip to comments.Waxman now after gold and
Posted on 09/16/2010 12:18:39 PM PDT by vets son
Congressmen Weiner and Waxman Set Gold Hearing
“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.”
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.
So that was FDR I guess, did he seal all the safety deposits without warning?
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.
Yep. He did.
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.
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.
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.
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.
Thanks for being specific!
Hopefully, we've become a lot less tolerant of that kind of tyrannical crap.
So it Begins. Just waiting for gold to nosedive for a gift horse.
That's why you should have a safe. I wouldn't keep valuables somewhere that I didn't have direct control over.
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.
Waxman is proof that God has a sense of humor.
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.
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.
Really? Can you cite a source please.