2008-01-09

Gold & The Privateer

While looking for information on the gold confiscation of 1933, I ran across a site called The Privateer, a newsletter for liberty-minded individuals. I haven't had a chance to check it out yet, but it looks intriguing.

Presidential Executive Order 6102 is some evil stuff. Basically, it forced people to sell their gold to the government at a fixed price. Nine months later, the Gold Reserve Act transfered ownership of Fed gold to the U.S. Treasury, and the value of the dollar was devalued 41% relative to gold. Basically, FDR screwed the American people. What a fascist piece of shit! Why anyone would respect the guy is beyond me. It took WWII to pull the country together economically, and war brought other problems with it.

The Privateer has a timeline detailing the gold-related events in the 20th century that's quite illuminating.

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