Gold
Confiscation Act Of 1933
While
the Great Depression was a terrible time in this countries history. One thing
that is not really talked about is the Confiscation of almost all Gold held by
private parties of the United States. This was done in 1933 under a Declared
National Emergency, one that was declared by then sitting President Franklin D. Roosevelt.
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. What they received for payment was the soon to lose value, Paper
Money.
What
happened if the Gold was not turned over to the Government?
There
was a Criminal Penalty threatened to those who refused to comply. $10,000 Fine
and 10 years in jail, or both.
Your Corporate Government Education System does
not teach this part of our history.
Never in
our history was such a seizure of private property ever perpetrated. The
shocking thing is even at the High School and Collegiate level this part of our
history is not even mentioned.
Why is
this not taught in our schools?
To keep
the people ignorant of the real history of our Nation allows the People to
remain in perpetual servitude to an oppressive Government. Without knowledge of
the Act, it is very possible for the same kind of property seizures to occur
again.
A
History Lesson
It was
1933 and the nations economy was swirling uncontrollably. The profitable and
industrious Roaring Twenties had swiftly turned in 1929.
Black
Tuesday is the day of the infamous stock market crash followed by heavy
unemployment and hard times that was to be known as the Great Depression.
Banks
across the country were closing eliminating the deposits of many people's Life
Savings. Anyone with money in a bank was clamoring to retrieve their wealth,
most wanted their payment to be in Gold Coins and/or Gold Bullion.
Back
then our currency was backed by the Gold standard, Gold Coins were used just as
worthless paper money is used today. You could exchange your paper money for
gold coins back and forth. In 1933 a Troy Ounce of Gold was worth $20.67 that
was the Government Rate.
With all
the demand for Gold it was not long before a shortage of Gold would occur. This
"run on the banks" almost and some would say did, cause the
Bankruptcy of the Nation.
Get A
Copy of Original Act For Your Records: http://www.scribd.com/doc/215599877/1933-Confiscation-Act