Pick four for new Mount Rushmore

Bush, Bush, Reagan and Snooki

 

Well yeah, sure, if you overlook his being a thief and a liar, then I suppose it's possible that Roosevelt was an alright kind of guy.

http://www.globalresearch.ca/index.php?context=va&aid=28159

 

Please don't perpetrate that lie. He didn't steal the gold, he payed everyone for it. The purpose was to take America off the "gold standard" in an effort to stop the greedy people from creating another "Great Depression" by hoarding, and to keep American gold from going to other countries to use against us economically. That is what is happening now with gold and oil. Just think about what would have happened if the nazis and Japanese governments would have been able to buy most of U.S. gold.

 

Once the Gold was effectively confiscated from the People and was illegal to own, the Government raised the Value of Gold for International Transactions from the price paid to the people of $20.67 per troy ounce to $35 per troy ounce. Surely you can see the rip-off, can't you? If not, then I've got a deal for you. You give me $35, and I'll give you $20.67. Does that sound about right?

What this did was lower the value of the Dollar Instantly. While the International Value of Gold rose by +69%, it devalued the dollar by the same amount. The people found their dollars to be worth -69% less then when they accepted it. This made it even harder for the people to survive in what was already a Depression. Good move, eh?

Back in the day, gold was limited--legally--to $35.00 per ounce in the U.S. Over in Europe, the price fluctuated, and it was worth $60.00 per ounce. The U.S. bankers sold their gold to the European bankers, thereby making an incredible profit at the expense of the banks' customers. That's where all the people's gold went. Everyone was sold out by the bankers. That was the national emergency of 1933.

 

The Taliban use tank shells.

 

hangover,

You should read this:

http://lewrockwell.com/orig12/turk-j1.1.1.html

 

Tank shells? I don't know about that. Why not make up four giant versions of those gag arrow-through-the-head things, and put them on the Rushmore heads? It would make a statement.

 

they are going to make a native american mt rushmore near mt rushmore btw

 

That's his opinion, here's another...

Executive Order 6102

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Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.
Contents

• 1 Rationalization
• 2 Effect of the order
• 3 Invalidation and reissue
• 4 Abrogation and subsequent events
• 5 The myth of a safe deposit box seizures order
• 6 Similar laws in other countries
• 7 See also
• 8 References
• 9 External links

Rationalization

The order was rationalized on the grounds 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]
Effect of the order


Executive Order 6102


Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $371.10 today[3]) per troy ounce. Under the Trading With the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both. Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.[citation needed]
Order 6102 specifically exempted "customary use in industry, profession or art"—a provision that covered artists, jewellers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins (a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011). The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins." This protected recognized gold coin collections from legal seizure and likely melting.
The price of gold from the Treasury for international transactions was thereafter raised to $35 an ounce ($587 in 2010 dollars) resulting in an immediate loss for everyone who had been forced to surrender their gold. The resulting profit that the government realized funded the Exchange Stabilization Fund established by the Gold Reserve Act in 1934.
The regulations prescribed within Executive Order 6102 were modified by Executive Order 6111 of April 20, 1933, both of which were ultimately revoked and superseded by Executive Orders 6260 and 6261 of August 28 and 29, 1933, respectively.[4]
Invalidation and reissue

There was only one prosecution under the order, and in that case the order was ruled invalid by federal judge John M. Woolsey, on the grounds that the order was signed by the President, not the Secretary of the Treasury as required.[5]
The circumstances of the case were that a New York attorney, Frederick Barber Campbell, had on deposit at Chase National over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold Chase refused and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[6] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.
The case forced the Roosevelt administration to issue a new order under the signature of the Secretary of the Treasury, Henry Morgenthau, Jr., which was in force for a few months until the passage of the Gold Reserve Act on January 30, 1934.
Abrogation and subsequent events

The Gold Reserve Act of 1934 made gold clauses unenforceable, and changed the value of the dollar in gold from $20.67 to $35 per ounce. This price remained in effect until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard for foreign exchange (see Nixon Shock).
The private ownership of gold certificates was legalized in 1964. They can be openly owned by collectors but are not redeemable in gold. The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93-373,[7][8] which went into effect December 31, 1974. P.L. 93-373 did not repeal the Gold Repeal Joint Resolution,[9][10] which made unlawful any contracts that specified payment in a fixed amount of money or a fixed amount of gold. That is, contracts remained unenforceable if they used gold monetarily rather than as a commodity of trade. However, Act of Oct. 28, 1977, Pub. L. No. 95-147, § 4(c), 91 Stat. 1227, 1229 (originally codified at 31 U.S.C. § 463 note, recodified as amended at 31 U.S.C. § 5118(d)(2)) amended the 1933 Joint Resolution and made it clear that parties could again include so-called gold clauses in contracts formed after 1977.[11]
The myth of a safe deposit box seizures order

According to a folk rumor on the internet, President Roosevelt ordered all the safe deposit boxes in the country seized and searched for gold by an I.R.S. official. A typical example reads:

By Executive Order Of The President of The United States, March 9, 1933. By virtue of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; that the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people.
Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government.
All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories and all foreign exchange transactions or movements of such metals across the border are hereby prohibited.
Your possession of these proscribed metals and/or your maintenance of a safe deposit box to store them is known by the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service.
By lawful order given this day, the President of the United States.
Franklin Roosevelt – March 9, 1933
​

Most of this text does not appear in the actual Executive Order.[12] In fact, safe deposit boxes held by individuals were not forcibly searched or seized under the order and the few prosecutions that occurred in the 1930s for gold hoarding were executed under different statutes. One of the few such cases occurred in 1936, when a safe deposit box containing over 10,000 troy ounces (310 kg) of gold belonging to Zelik Josefowitz, who was not a U.S. citizen, was seized with a search warrant as part of a tax evasion prosecution.[13] Approximately 500 tonnes of gold were sold to the U.S. Treasury in 1933 at the rate of $20.67 per troy ounce.[14] although other sources refute this amount stating that 56 tonnes (1.8 million ounces) as a more accurate amount [15], based on calculations using US Treasury data as well as from Milton Friedman’s book, "The Monetary History of the United States".
The U.S. Treasury came into possession of a large number of safe deposit boxes due to bank failures. During the 1930s, over 3,000 banks failed and the contents of their safe deposit boxes were remanded to the custody of the Treasury. If no one claimed the box, it remained in the possession of the Treasury. As of October 1981, there were 1,605 cardboard cartons in the basement of the Treasury, each carton containing the contents of one unclaimed safe deposit box.[16]
Similar laws in other countries

In Australia part IV of the Banking Act 1959 allowed the Commonwealth government to seize private citizens' gold in return for paper money where the Governor-General "is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth.[17]" As of January 30, 1976, this part's operation is "suspended".[18]


http://en.wikipedia.org/wiki/Executive_Order_6102




Notice that it was Tricky Dick that changed the law and the inflation of gold since he did it. It was also the republicans that caused the GREAT DEPRESSION that lead to FDR's action. Notice that Shrub and the republicans also caused the economic collapse we are in today.

 

Also notice that nobody has seen the U.S. gold reserve in Fort Knox since Nixon changed the law.

 

Well.... They can't see what's not there.

 

Charlton Heston, Tom Selleck, Ted Nugent and Rush Limbaugh.

 

Couldn't we just get the mountain back without any faces?

 

'hangover,

More opinion:

The Constitution was written to restrain federal authority to 17 enumerated powers, none of which allow the federal government to confiscate gold - or any asset for that matter - even if that claim were made by a duly enacted law, let alone where the confiscation is supposedly authorized by an unconstitutional decree called an Executive Order. In other words, there is no provision in the Constitution for that type of dictatorial power. But the above table is interesting for another reason, and it is one that I think causes any reasonable person to ask, what was FDR's true objective?

It has been argued that the gold confiscation was necessary in order to build up the total weight of the US gold reserve to increase the amount of gold that was backing the US dollar. The argument goes that by increasing this gold backing, confidence in the US monetary and banking system would be restored. Let's assume that this argument is accurate. There are two ways to increase the amount of backing - either increase the weight of gold and/or increase its dollar value.

My point is that this table shows the gold confiscation was totally unnecessary. The backing could have been increased simply by devaluing the dollar. This point needs explanation.
http://www.fgmr.com/the-confiscation-threat.html

Yet more opinion:

On April 5, 1933 — about a month after taking office — President Franklin Roosevelt issued an executive order commanding every American to turn in his gold to the federal government. The order was soon ratified by Congress, which made it a felony offense for Americans to own gold. The Congress also nullified clauses in both private and public contracts that required payment to be made in gold coin.

Roosevelt’s actions rank among the most horrific abuses of government power in history. For 150 years, the American people had been accustomed to using gold coins as money. Their gold was their property. They were the owners of it. It belonged to them as much as their homes, their automobiles, and their personal effects. It did not belong to Franklin Roosevelt, nor to the members of Congress, nor to any other public official. It was privately owned property.

Nonetheless, the Roosevelt administration simply declared that everyone’s gold suddenly belonged to the federal government. Everyone, including individuals and banks, was required to surrender his privately owned gold to the federal government. Anyone caught failing to do so was subject to being indicted by a federal grand jury and faced a possible jail sentence of 10 years and a fine of $10,000.

Imagine: In 1787 the Framers used the Constitution to establish a system whereby people were going to use gold and silver coins, rather than paper, as money. The reason they did that was to enable people to protect themselves from what governments throughout history had done — plunder and loot people through inflation — e.g., by printing ever-increasing amounts of paper money to finance ever-increasing governmental expenditures. For the next 150 years, Americans used such coins in their everyday transactions.

Then, one day federal officials suddenly made it a felony for Americans to do what they had been legally and constitutionally doing for 150 years.
In fact, the Roosevelt administration’s confiscation of privately owned gold was no different from the nationalization of privately owned property that had taken place at the hands of the communist regime in the Soviet Union. And Roosevelt’s criminalization of gold ownership was no different, in principle, from the types of economic crimes that the Soviet communists were creating and enforcing.

What was Roosevelt’s rationale for this revolutionary action? He claimed that since the Great Depression was a national “emergency,” the federal government had the authority to exercise emergency powers, including the power to confiscate gold, to make gold ownership a felony, and to nullify gold clauses in contracts.

One big problem, however, was that the Constitution didn’t provide for the exercise of emergency powers. In fact, the Framers understood that emergencies are the time that liberties are most at risk. Therefore, it was during emergencies that constitutional restraints were most important.
___________________________________________________

So, to sum up, he stole it.

 

Sweet.. now we just have to find a big pile of obsidian to carve his face into

btw. I totally think it should be Tom Selleck, Steve Guttenberg, Ted Danson and Baby Jesus

 

Follow the yellow brick road

 

Typical republican bullshit. Pft!

 

This is a giant steaming pile of horseshit.

The holocaust might be described as among the most horrific abuses of government power in history.

likewise, legalized slavery, the extermination of native americans, other acts of genocide throughout world history, the use of torture and detainment camps, political imprisonment, the tianamen square masacre, etc. might be reasonably described as among the most horrific abuses of government power in history.

Taking people's gold and paying them $20.67 per ounce, when really it was worth $35, can not be reasonably described as, "among the most horrific abuses of government power in history".

One might attack it as a bad policy, or defend it as a good policy. For the record, while I don't claim to be an expert on gold or other economic policy, it seems like there might be better methods of market regulation than price setting.

however, it seems like you are fanatically obsessed with condemning FDR's gold policy and have an exaggerated view of it's importance in world history.

let's give this thread back to the OP. If you want to rag on FDR more, you should start a new thread titled, "Was FDR a great president, or did his forcing of people to surrender their gold for $20.67/ounce instead of $35/ounce mean he was the antichrist?"

 

I'd kill for $35.00 an Ounce........................Oops wrong thread

 

e7,

Yeah, it should have been said to have been one of the most "terrific" abuses of government power in history, as "horror" is usually in reference to maiming and the letting of blood. Nevertheless, I find it humorous that you needed to pull out the holocaust, torture, the extermination of the native americans, other genocides, and the antichrist himself to use as comparisons to make the robbery of the people's gold seem like not such a bad thing.

And pardon me for saying so, but it seems like you are fanatically obsessed with defending FDR's gold policy. You're having a very hard time recognizing that trading you twenty dollars for your thirty-five dollars is an out and out rip-off, aren't you?

But you're right; compared to burning people alive, it doesn't seem so bad, does it?

And you were wise to not comment on the rest of that pile of steaming bullshit.

But anyway, that's why I would be opposed to Roosevelt's face on Mt. Rushmore!