tag:blogger.com,1999:blog-3758330678390419129.post6172102623095102418..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Read FDR's Executive Order Banning GoldRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-3758330678390419129.post-87096633271344551342011-04-17T12:11:54.812-04:002011-04-17T12:11:54.812-04:00Anonymous (April 8, 2011 2:10 PM), substitute the ...Anonymous (April 8, 2011 2:10 PM), substitute the words "gold and silver" for "gold" in FDR's order.<br /><br />Next, abandon the assumption that another such order would be given a number and published. The president's and the president's helpers would not want to attract attention to any such order, which could be politically explosive. Further, communications Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20533047228188101762011-04-09T19:39:01.213-04:002011-04-09T19:39:01.213-04:00Our only hope I think is either:
1) a truly benevo...Our only hope I think is either:<br />1) a truly benevolent dictator<br />2) single party rule in Washington DC<br /><br />The current crop of idiots in DC are going to destroy us.<br /><br />I'm not too sure the Republicans would do a good job even if they had control of all 3 branches - they seem more intent on giving tax cuts to their rich supporters, and pushing bible-thumper policy on usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86353268403906769942011-04-09T19:33:15.703-04:002011-04-09T19:33:15.703-04:00Would gold protect you during hyperinflation? If ...Would gold protect you during hyperinflation? If you can take it to a country that is not experiencing hyperinflation, and where gold is valued, then yes, it might protect you. OR I suspect there will be a lot of barter here in the USA. Bartering of things like water filters, seeds for food, guns, ammo, construction materials, food, fuel, and yes, gold and silver may replace paper money if it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41316444721115386642011-04-08T23:46:31.748-04:002011-04-08T23:46:31.748-04:00To a large extent, gold's price increase in te...To a large extent, gold's price increase in terms of dollars of about 5.5 times in a little over a decade reflects the metal reasserting its natural role as money, government edicts to the contrary notwithstanding. Money is supposed to serve not only as a medium of exchange but as well as a store of value. If a person buys gold with dollars as a hedge against inflation, is the person Ned Nettervillehttps://www.blogger.com/profile/15471520128078882241noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83484034044430100022011-04-08T14:10:24.046-04:002011-04-08T14:10:24.046-04:00Regarding gold as a hedge against hyperinflation, ...Regarding gold as a hedge against hyperinflation, the trick is to convert your gold to dollars _before_ the government confiscates it. Got a fixed rate mortgage? Sell some gold, pay it off! I don't think they will confiscate, anyway, because the amount of gold extant in the civilian population is not nearly enough to worry the central bankers, who still own most of it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12674181437916918312011-04-08T11:38:27.362-04:002011-04-08T11:38:27.362-04:00FDR was lucky that WW2 got us out of the Depressio...FDR was lucky that WW2 got us out of the Depression caused by the Federal Reserve.<br /><br />Thanks for Gerald Ford rest in peace for letting us keep our gold and silver.<br /><br />End the Fed.<br /><br />Government by the government for the government.Messagehttps://www.blogger.com/profile/04771755597931716829noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26534999434558599662011-04-08T10:47:59.919-04:002011-04-08T10:47:59.919-04:00This one act by President Ford may make him one of...<i>This one act by President Ford may make him one of the greatest President's of all time. </i><br /><br />Please see <a href="http://angryflower.com/bobsqu.gif" rel="nofollow">Bob's Quick Guide to the Apostrophe</a>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26514099442169503662011-04-08T08:51:14.732-04:002011-04-08T08:51:14.732-04:00Until now, I thought the expression "Thank Fo...Until now, I thought the expression "Thank Ford" in Brave New World referred to Henry. Maybe not.Dwight Johnsonhttp://governmentbycontract.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6196896599915057892011-04-08T04:59:59.921-04:002011-04-08T04:59:59.921-04:00The amendment of March 9, 1933 to the Trading With...The amendment of March 9, 1933 to the Trading With the Enemy Act must be repealed as well. This act was used to declare US citizens the enemy of the US government. That's how they stole the gold, by declaring the people the enemy. This is still on the books!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85152265103493603262011-04-08T03:41:50.810-04:002011-04-08T03:41:50.810-04:00Actually, in many places this executive order was ...Actually, in many places this executive order was ignored.<br /><br />First was the exemption for numismatists. Coin dealers and collectors traded US and foreign gold coins minted before 1933. Anyone could claim that he was a numismatist. Supposedly, a hoarder had to have more than five pieces of any date/type/mint mark/denomination combination.<br /><br />Second, there were places where goldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83587755235130611432011-04-08T01:56:49.498-04:002011-04-08T01:56:49.498-04:00King Franklin (or George or Barack) commandeth. Wh...King Franklin (or George or Barack) commandeth. Who gives a shit, just ignore the wizard of OZ. Where in the Constitution does it state that an individual must obey an "executive order". Where is the basis for the "executive order"?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55213884559385687122011-04-07T22:33:55.809-04:002011-04-07T22:33:55.809-04:00My biggest fear is that as the collapse nears, the...My biggest fear is that as the collapse nears, the ignorant American electorate will vote in some kind of FDR like fascist. <br /><br />I don't have any fear that the government will ban gold, but I could see them increasing the taxes on the gains way beyond the present 28%, which could change the dynamics of gold as a hedge against the governments destruction of the currency. I could see Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76813684860255077762011-04-07T19:38:22.267-04:002011-04-07T19:38:22.267-04:00My guess is it would be much more difficult to enf...My guess is it would be much more difficult to enforce.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39050877168267507822011-04-07T18:04:21.215-04:002011-04-07T18:04:21.215-04:00No, Gerald Ford was not the greatest president. Am...No, Gerald Ford was not the greatest president. Americans who value freedom and prosperity should not have to rely on some agent of the State to reverse a fascist forbiddance that some other agent of the State forced on them.<br /><br />Jacob Hornberger explained the relationship between gold and freedom:<br /><br />http://www.lewrockwell.com/hornberger/hornberger169.html<br /><br />A truly free Scott Lazarowitzhttp://www.reasonandjest.com/blognoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-2429951720462972022011-04-07T18:03:47.924-04:002011-04-07T18:03:47.924-04:00Suppose there were hyperinflation right now. Would...Suppose there were hyperinflation right now. Would ownership of several ounces of gold coins and silver coins protect you, much less preserve civility in exchange? I'm not convinced that it would. Surely the people who owned gold coins on Apr. 5, 1933 were in much the same position as gold and silver owners today.<br /><br />Now consider things from the government's perspective. With Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10217510979464393352011-04-07T17:21:32.378-04:002011-04-07T17:21:32.378-04:00The only reason the ban was lifted was because the...The only reason the ban was lifted was because the US dollar was no longer based on it. By then, what was the point? When Nixon and Volcker reneged on the remains of the gold standard in 1971 to pay for our debts (esp. Vietnam), there was no economic reason to ban personal ownership of gold in the United States anymore. <br /><br />If you ban something, it has a degree of power, no? If it is not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46388106713096854942011-04-07T16:34:05.242-04:002011-04-07T16:34:05.242-04:00Note how quickly FRD moved. He recited the oath of...Note how quickly FRD moved. He recited the oath of office on Sat., Mar. 4.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27854204834904511392011-04-07T14:11:58.594-04:002011-04-07T14:11:58.594-04:00Is that because of Sec. 2 (c) that Americans were ...Is that because of Sec. 2 (c) that Americans were able to buy Krugerrands? Could they buy anything else before the introduction of the Krugerrand without violating the law?bedwerehttps://www.blogger.com/profile/08339741971886945010noreply@blogger.com