Bullion

Gold Confiscation by Roosevelt

This article in courtesy of Lemetrololecafe.com

In 1933, slavemason Franklin D. Roosevelt confiscated the gold and silver of the American people thereby making them slaves of Pharaoh.

Gold Confiscation and a Case for Double Eagles

Recently Richard Butler, (former United Nations chief weapons inspector in Iraq) CNN’s Ambassador In Residence and expert on the Middle East, linked the funding of al Qaeda to secretive gold transactions in the Middle East. On February 17th Douglas Farah of the Washington Post wrote an article entitled "Al Qaeda’s Road Paved With Gold." The "gold cartel" has rolled out the heavy artillery. It’s not a stretch to infer that the American people are starting to be "conditioned" to see gold as evil – a link to terrorism.

Last week Chris Powell, speaking for GATA at the Press Club Luncheon in Washington, said it was certainly possible that our Government might confiscate gold. His reasoning was that the Government would need all the gold it could get its hands on to keep the bullion banks afloat, when the price of gold explodes.

For the last 20 years, I have found the subject of gold confiscation intriguing. I have thought about it, written about it, talked about it and researched it. I am concerned, as the owner of a precious metals firm who has survived a two decade-long bear market in the precious metals industry, that as the price of gold is finally starting to take off, the Government may well decide to intervene, and confiscate our "real money" – gold, the metal of Kings.

Does this sound a bit extreme? Well, consider that ownership of gold in the United States is a privilege, not a right. Yes, the law is still "on the books" granting the government the right to recall privately owned gold. Let’s take a look at the background.

It was in April, 1933 and in his first "official" act in office; President Roosevelt declared a banking "holiday" and issued the order to confiscate gold:

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