Germany: be warned!

Chechar, not only could the US gov’t confiscate the foreign owned gold that is held here, but it could and it has in the past confiscated privately held gold from the citizenry! This was done in 1933 by Franklin Roosevelt with the excuse that “hoarding” of gold was stalling the growth of the economy. All citizens of the US were ordered to turn in their gold :

“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 $366.59 today[3]) per troy ounce…” Following this, the Federal Reserve raised the price of gold to $35.00 an ounce!
Violation of this “executive order” could result in 10 years imprisonment.

I see that there is speculation on the net that Obama (who is something of a fan of Roosevelt’s policies) might consider following in Roosevelt’s footsteps in this regard. The implications are amusing (in a “black humor”-pun intended- sort of way); for years now people here in the US have been buying gold and silver with the expectation that it will be insurance for them “when the balloon goes up” as the colloquial expression goes. However, when it becomes a crime to even possess gold much less use it for currency, what happens to that safety net then?

With regard to Denise’s comment; she is probably spot-on. Obama’s spending is out of control. He has to deliver the white man’s wealth to his constituents through such vehicles as EBT cards and federal grants for new home buyer loans (to people who clearly do not qualify for a regular bank loan) as well as satisfy the petroleum corporation’s thirst for Arab oil (Bush and his cronies are large shareholders in these companies) and provide “safety” for Israel, of course. All this along with the outsourcing of our industry to 3rd world nations as well as importing 3rd worlders to do work here at 1/3 the cost of its citizens, has all but destroyed the tax base and the country’s economy.

Yes, confiscation of that foreign owned gold is a possibility, but one wonders what rationale Obama will use to justify this to the rightful owners of that gold.

It’s ironic that Hitler is called a warmonger, sadist, psychopath and all the other slanders that the jews and their minions use against the man. Hitler’s problem was that he was a man of peace and generousity. He tried to play by the rules when dealing with Germany’s enemies. Had he really been as ruthless as he is accused of being then he would have exterminated the parasites in Europe and sent out hit teams all around the world to kill the vermin in their various lairs. The world would have been a far better place. We certainly wouldn’t have had to deal with millions of ‘survivors’ bewailing their supposed horrible treatment and demanding endless compensation or that monstrous gangster state in occupied Palestine.

Amazingly Germany is actually (planning to) repatriating some of her gold reserves, and has done some repatriation in the last years already from the UK (1000 tons). The main problem is apparently the gold stored in the USA. The plan is to get out 350 of 1500 tons (roughly, numbers from memory) over the course of 7 years. There is plenty of speculation as to why the slow pace, but there are some indications that the gold supposedly held in custody has actually been used up (likely together with other gold stocks as well) in the defense of the Dollar. The missing gold would thus have to be slowly obtained over the years, hopefully without disrupting the tight markets. Hence it is unlikely that the USA gets a fresh start with 17000 tons. They will have considerably less, if any at all.