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Thread: What the Next Gold Confiscation Will Look Like

  1. #1

    What the Next Gold Confiscation Will Look Like

    "Would the US government really turn to a 1933-style gold confiscation again? I would argue that they wouldn’t, but that doesn’t mean the threat to your gold has diminished. Instead there will be a new scam."

    http://www.internationalman.com/arti...will-look-like
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  3. #2
    Quote Originally Posted by nbruno322 View Post
    "Would the US government really turn to a 1933-style gold confiscation again? I would argue that they wouldn’t, but that doesn’t mean the threat to your gold has diminished. Instead there will be a new scam."

    http://www.internationalman.com/arti...will-look-like
    I find this article unpersuasive. It would be even easier for the government to tax gold in IRA accounts than to tax the proceeds of sales of gold in hand. The IRA system is DESIGNED to hold assets hostage for later taxation. Besides, in the really tough times, gold is likely to be traded either directly or for other assets in the black market, not for dollars under government supervision.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

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  4. #3
    Yeah , I figure they would just go after the easy stuff like bank accounts and retirement accounts .

  5. #4
    The government needed gold when the country was on a gold standard and was running low on the yellow metal. Since the dollar isn't backed by gold today there is no reason for them to want to seize gold today. They can just make more paper.

    From the article itself:
    But would the US government really turn to a 1933-style grab again?

    I would argue that they wouldn’t,
    but that doesn’t mean the threat to your gold has diminished. Quite the opposite.

    More Likely Than Outright Confiscation

    Today only a tiny fraction of the overall US population owns gold. That wasn’t the case back in 1933 when the US was still on a variation of the gold standard.

    Heck, I’d bet most Americans today have never even seen a gold coin, much less appreciate its value.

    This is why I think it’s unlikely we’ll see a repeat of the 1933 ripoff. It’s simply not worth the effort. If the government is looking to confiscate wealth, they’ll likely go for the low-hanging fruit… like financial accounts, which can be plundered with a few mouse clicks. Or they’ll continue to ramp up the inflationary money printing, which is a way to confiscate from savers.
    There’s a far easier solution that can be done from your living room and without having to turn in your US passport. It’s to own gold in a Roth IRA, preferably offshore gold.
    A gold IRA must have the gold held in a recognized custodial account. I don't think you can have a gold IRA overseas. But he suggests Puerto Rico which is a US territory and subject to the same laws as the US so you would not avoid anything by having an account there even if allowed.

    One way you can avoid a windfall profits tax on gold is to become a resident of Puerto Rico—read more on that here. You could also preemptively divorce the US government by renouncing your citizenship.
    To give up your citizenship you must leave the country and turn in your passport at a US Consulate.
    Last edited by Zippyjuan; 08-27-2014 at 01:04 PM.

  6. #5
    Quote Originally Posted by Zippyjuan View Post
    The government needed gold when the country was on a gold standard and was running low on the yellow metal. Since the dollar isn't backed by gold today there is no reason for them to want to seize gold today. They can just make more paper.
    ...was running low on the yellow metal. LOL

    In the 2 decades prior to the "confiscation", zionist bankers had destroyed the gold:currency ratio by counterfeiting currency to fund their zionist wars and the system was in need of a reset. So, the zionists stole wealth (counterfeiting) which upset the balance of the system, and then "fixed" it by "confiscation" stealing even more wealth and then resetting the gold:currency ratio even higher, which resulted in stealing even more wealth from the people.
    Last edited by ctiger2; 08-27-2014 at 01:30 PM.

  7. #6
    AH- the US government was made up of Zionists. Even before there was a place called Israel.

  8. #7
    Quote Originally Posted by Zippyjuan View Post
    AH- the US government was made up of Zionists. Even before there was a place called Israel.
    The Balfour Declaration (dated 2 November 1917) was a letter from the United Kingdom's Foreign Secretary Arthur James Balfour to Baron Rothschild (Walter Rothschild, 2nd Baron Rothschild), a leader of the British Jewish community, for transmission to the Zionist Federation of Great Britain and Ireland.
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  9. #8
    Quote Originally Posted by Zippyjuan View Post
    The government needed gold when the country was on a gold standard and was running low on the yellow metal. Since the dollar isn't backed by gold today there is no reason for them to want to seize gold today. They can just make more paper.
    Gold was not confiscated in order to build up reserves. It was confiscated AND BANNED to take it out of circulation so people would have no choice but to use fiat money for large transactions.

    But you are correct that they have no need to confiscate now. But they would do it in a second if gold began to circulate again.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

    "Who would be free, themselves must strike the blow." - Byron

    "Who overcomes by force, hath overcome but half his foe." - Milton



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  11. #9
    W hat percentage of Americans has ever seen a $1 , $2 1/2 or $3 gold pc ???

  12. #10
    Probably less than have seen a bear .

  13. #11
    Quote Originally Posted by ctiger2 View Post
    ...was running low on the yellow metal. LOL

    In the 2 decades prior to the "confiscation", zionist bankers had destroyed the gold:currency ratio by counterfeiting currency to fund their zionist wars and the system was in need of a reset. So, the zionists stole wealth (counterfeiting) which upset the balance of the system, and then "fixed" it by "confiscation" stealing even more wealth and then resetting the gold:currency ratio even higher, which resulted in stealing even more wealth from the people.
    No need for Jew-baiting. It undermines free market monetary credibility.

  14. #12
    I am still absolutely stumped as to why anyone went along with this.

    It must have been very well orchestrated.

  15. #13
    Quote Originally Posted by amy31416 View Post
    I am still absolutely stumped as to why anyone went along with this.th
    It must have been very well orchestrated.
    They threatened to throw people in jail for 5 or ten yr.'s , most people did not go along with it a transferred it to Switzerland. It exempted jewelers , dentists and " poor " folk " who were allowed $100 worth. If I recall , they pd $20 for gold and then raised the price to $35 . Everything is always a good deal for the govt , since they do not work except to steal from others who do . Same scumbags , different day .....

  16. #14
    They got zero gold from my family , If I recall they did throw one guy in jail , that's the way they normally like to do it , pick a weak link , make an example , scare the others . Typical tyrants .

  17. #15
    Oh , yeah , here is a secret , gubmits like to steal $#@! from foreigners and exchange it for nothing , or worthless paper . Furriners do not vote.LOL

  18. #16
    Quote Originally Posted by Zippyjuan View Post
    AH- the US government was made up of Zionists. Even before there was a place called Israel.
    Zionism is just a word. The ideology has always been there and it knows no border.
    Dishonest money makes for dishonest people.

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  20. #17
    A couple of you mentioned seizing bank accounts and printing money. That will work until the dollar becomes worthless.

  21. #18
    Quote Originally Posted by amy31416 View Post
    I am still absolutely stumped as to why anyone went along with this.

    It must have been very well orchestrated.
    People were scared. And as Oyarde says, most people who could get away with it simply did not comply. But the Feds froze safe deposit boxes and had agents present to open them so some folks were caught. The banks, of course, were happy to help betray their customers.

    But the government really didn't care if it got much gold because the purpose was to stop lawful circulation of specie to make way for unbacked paper, not to build up government reserves.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

    "Who would be free, themselves must strike the blow." - Byron

    "Who overcomes by force, hath overcome but half his foe." - Milton

  22. #19
    Quote Originally Posted by Zippyjuan View Post
    AH- the US government was made up of Zionists. Even before there was a place called Israel.
    Maybe you should read up on FDR's T U.S. Secretary Henry Morganthau Jr. It's even in President Truman’s Diary entry, Truman fired the Treasury secretary in July, 1945, Henry Morgenthau Jr., and the “Zionists,” who Morgenthau represented. Morganthau is also the charlatan that came up with the IMF robbery scheme of control. The whole cozy little cabal goes further with Secretary of state Dean Acheson, his successor John Foster Dulles (who JFK fired) Treasury-IRS hitman Elmer Lincoln Irey on and on.

    Afterwards, Harry was proven correct as Henry Morganthau Jr. went on to promote Zionism across the U.S. and world.
    http://www.solargeneral.org/wp-conte...t-war-1951.pdf

    A little FYI when the trouble really ramped-up:
    Founding of Hadassah 1912: The Women's Zionist Organization of America


    Foreign Agents: The Zionist Organization of America: Founded 1897
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  23. #20
    Quote Originally Posted by TaftFan View Post
    No need for Jew-baiting. It undermines free market monetary credibility.
    He wasn't Jew-baiting. Not all Jews are Zionists, and not all Zionists are Jews.
    "When a portion of wealth is transferred from the person who owns it—without his consent and without compensation, and whether by force or by fraud—to anyone who does not own it, then I say that property is violated; that an act of plunder is committed." - Bastiat : The Law

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  24. #21
    Quote Originally Posted by Zippyjuan View Post
    AH- the US government was made up of Zionists. Even before there was a place called Israel.
    You have the cart before the horse.

    Zionists created the state of Israel. That was one of the goals of WWII. To create a political safe haven for world criminality that would be protected by accusing people of racism (your an anti-semite) to protect racism (Russian Khazar "Jews" only state). The Zionists who currently control Israel are actually Satanists.
    Last edited by ctiger2; 08-28-2014 at 12:02 PM.

  25. #22
    Thanks for the info- I had always heard the term used in reference to Israel. Anyhow- the US government wasn't Jewish. It is distraction from the issue to say they were responsible for the gold confiscation. http://en.wikipedia.org/wiki/Executive_Order_6102

    Rationale[edit]
    The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse.[1] The New York Times, on April 6, 1933 p. 16, wrote under the headline "Hoarding of Gold", "The Executive Order issued by the President yesterday amplifies and particularizes his earlier warnings against hoarding. On March 6, taking advantage of a wartime statute that had not been repealed, he issued Presidential Proclamation 2039 that forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 and/or up to five to ten years imprisonment."[2]

    The main rationale behind the order was to remove the constraint on the Federal Reserve which prevented it from increasing the money supply during the depression; the Federal Reserve Act required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit (in the form of Federal Reserve demand notes) that could be backed by the gold in its possession (see Great Depression). If gold can’t be legally owned, then it can’t be legally redeemed. If it can’t be legally redeemed, then it can’t constrain the central bank.[3]
    Fed Board of Directors at the time:
    http://www.federalreserve.gov/aboutt...membership.htm

    George R. James- St Louis
    Eugene R Black- Atlanta
    MS Szymczak- Chicago
    JJ Thomas- Kansas City
    Marriner S. Eccles- San Francisco
    Eugene Meyer- New York
    Last edited by Zippyjuan; 08-28-2014 at 12:45 PM.

  26. #23
    Quote Originally Posted by ClydeCoulter View Post
    He wasn't Jew-baiting. Not all Jews are Zionists, and not all Zionists are Jews.
    And Zionism has what to do with gold confiscation?

    It's the old idea that rich Jews are out to get people to enrich themselves.

  27. #24
    We have to blame somebody for all of our troubles. The Jews worked for most of the 20th Century as the useful scapegoats. These days it seems to fluxuate from Mexicans (or other Latin Americans) to Muslims.



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  29. #25
    Quote Originally Posted by Zippyjuan View Post
    We have to blame somebody for all of our troubles. The Jews worked for most of the 20th Century as the useful scapegoats. These days it seems to fluxuate from Mexicans (or other Latin Americans) to Muslims.
    It is one of the tried and true means of manipulating and distracting people.
    The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.

    "Who would be free, themselves must strike the blow." - Byron

    "Who overcomes by force, hath overcome but half his foe." - Milton

  30. #26
    Maybe focus on the true problem..........Government.

  31. #27
    Quote Originally Posted by tod evans View Post
    Maybe focus on the true problem..........Government.
    Yep , never take your eye off the ball .



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