[oblomov]

>>FDR called in all gold coins; the secret police didn’t go kicking in doors.

Not true. The banks were forced to open all safety deposit boxes with a US Treasury representative present.

[SunkenCiv]

thanks oblomov.

http://en.wikipedia.org/wiki/Executive_Order_6102#The_myth_of_a_safe_deposit_box_seizures_order

According to a folk rumor on the internet, President Roosevelt ordered all the safe deposit boxes in the country seized and searched for gold by an I.R.S. official.... Examination of the actual Executive Order as issued shows that this text never appears in it. In fact, safe deposit boxes held by individuals were not forcibly searched or seized under the order, and the few prosecutions that occurred in the 1930s for gold hoarding were executed under different statutes. One of the few such cases occurred in 1936 when the safe deposit box of Zelik Josefowitz, who was not a U.S. citizen, containing over 10,000 troy ounces (310 kg) of gold was seized with a search warrant as part of a tax evasion prosecution.[10] In 1933 approximately 500 tonnes of gold were turned in to the Treasury “voluntarily” at the exchange rate of $20.67 per troy ounce.[11]

The U.S. Treasury came into possession of a large number of safe deposit boxes due to bank failures. During the 1930s over 3,000 banks failed and the contents of their safe deposit boxes were remanded to the custody of the Treasury. If no one claimed the box it remained in the possession of the Treasury. As of October, 1981, there were 1605 cardboard cartons in the basement of the Treasury each containing the contents of an unclaimed safe deposit box.[12]

[cradle of freedom]

How could so many millions of Americans put this guy on a pedestal?

[Freedom4US]

I’ve heard people say that bout the safe deposit boxes, but never saw anything in legislation or XO about that. Nobody seems to be able to provide a cite or source for that claim. Not saying it didn’t happen, but seems suspect.

There was a precedent setting court case about a fellow who had gold bars on deposit at a bank, but that’s not the same thing at all. From what I have read gold coin didn’t circulate all that much with the public by that time, although the banks presumably had quite a bit. Hogwever, it seems in hindsight that FDRs diktat “leaked” to quite a number of wealthy individuals prior to the public, and they sent their wealth overseas. Europe has been disgorging US coinage to collectors ever since.

[editor-surveyor]

>> “The banks were forced to open all safety deposit boxes with a US Treasury representative present.” <<

.
Which is why a wise person has dummy coins and dummy documents in their safe deposit box.

Create yourself a fake irrevocable trust in some remote country, and have some of those gold plated coins that are always advertised on TV in the box too.

[HereInTheHeartland]

“Not true. The banks were forced to open all safety deposit boxes with a US Treasury representative present.”

Wow, and we think we are a nation of sheep now!!!
FDR was a dictatorial tyrant, but he has been granted sainthood by by many