{"id":50992,"date":"2021-02-03T11:50:12","date_gmt":"2021-02-03T15:50:12","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=50992"},"modified":"2021-02-03T11:52:34","modified_gmt":"2021-02-03T15:52:34","slug":"most-folks-are-not-aware-of-fdrs-silver-confiscation","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=50992","title":{"rendered":"Most folks are not aware of FDR\u2019s silver confiscation."},"content":{"rendered":"

FDR\u2019s silver confiscation<\/strong><\/h1>\n

Personal Liberty<\/p>\n

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Many people know that in 1933, Franklin Delano Roosevelt, through Executive Order 6102, confiscated gold from the people and criminalized the possession of monetary gold by \u201cany individual, partnership, association or corporation.\u201d But not as many people know about FDR\u2019s\u00a0Executive Order 6814<\/a>, signed on August 9, 1934, that \u201crequired all persons to deliver [their silver] to the U.S. government.\u201d<\/p>\n

In exchange for\u00a0the silver<\/a>, people received a payment of $1.29 per ounce in the form of \u201cstandard silver dollars, silver certificates or any other currency of the United States.\u201d But government placed a \u201cfee\u201d (read tax) of 61.32 percent taken out of the $1.29 per ounce for \u201cseigniorage, brassage, coinage, and other mint charges\u201d that reduced the payment to about 50 cents per ounce.<\/p>\n

The order required that all silver situated in the U.S. with a fineness of 80 percent or more; and silver\u00a0 held in quantities over 500 troy ounces by any one person, be turned in to government. It exempted unprocessed silver of less than 80 percent fineness, silver contained in articles fabricated and held in good faith for a specific and customary use and not for their value as silver bullion (presumably silver ornaments, jewelry and\/or silverware); and silver held for industrial, professional, or artistic use in amounts less than 500 troy ounces per person.<\/p>\n

The government \u201cnationalized\u201d nearly 113 million ounces with this scheme and acquired an additional 1.353 billion ounces under the Silver Purchase Act of 1934. As\u00a0Bill Walker wrote for LewRockwell.com<\/a>:<\/p>\n

This Act instructed the United\u00a0States Treasury to purchase silver until the world price of silver\u00a0rose above $1.29 per ounce, or until the monetary value of the U.S.\u00a0silver stock reached one-third the monetary value of the gold stock.\u00a0(Note that this huge US government expenditure occurred at\u00a0the worst time in the US Great Depression, when most ordinary Americans\u00a0were struggling desperately to avoid bankruptcy). As\u00a0a result of the U.S. manipulation, from early 1933 to the middle\u00a0of 1935 the price of silver had tripled.<\/p><\/blockquote>\n

Like the gold confiscation \u2013 which was sold to Americans as a way to stimulate the economy but was instead a scheme to allow the Federal Reserve to print more money \u2013 the silver confiscation allowed the Fed to print more money (this time coins.)<\/p>\n

We are often asked when recommending gold and silver for wealth protection whether a similar order will be signed to confiscate gold and silver from the people. Of course, politicians can do and will do whatever pleases them. The laws forbidding things from being done are either repealed or ignored.<\/p>\n

But I don\u2019t believe the total amount of gold and silver in circulation is sufficient to warrant the effort. More likely, government will just steal the more than $20 trillion in private pension funds, IRAs and 401(k) accounts.<\/p>\n

H\/T:<\/strong>\u00a0Economic Policy Journal<\/a><\/p>\n

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\nhttps:\/\/personalliberty.com\/fdrs-silver-confiscation\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FDR\u2019s silver confiscation<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50992","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/50992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50992"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/50992\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}