On April 5, 1933, President Franklin D. Roosevelt signed Executive Order 6102, banning the “hoarding” of gold:
All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates.
Punishment for violating this prohibition was severe:
Whoever willfully violates any provision of this Executive Order or of these regulations or of any rule, regulation or license issued thereunder may be fined not more than $10,000, or, if a natural person, may be imprisoned for not more than ten years, or both.
March 4, 1861:
I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.
On the first day of January in the year of our Lord, one thousand eight hundred and sixty-three, all persons held as slaves within any State, or designated part of a State, the people whereof shall then be in rebellion against the United States shall be then, thenceforward, and forever free.
Note especially that the proclamation did not free slaves held in Northern states like Maryland and New Jersey.
Who were the imperialists and interventionists and opponents of free speech in the early 20th century? “Progressives” and so-called “civil libertarians” like Clarence Darrow, who had this to say to those criticizing Woodrow Wilson’s war-mongering:
Any man who refuses to back the President in this crisis is worse than a traitor.
(New York Times, Sept. 16, 1917)
August 18, 1988:
November 5, 1990:
Bush signs the Omnibus_Budget_Reconciliation_Act_of_1990, raising income, medicare, and gasoline taxes.
On this day in 1971, the US stopped converting dollars to gold for foreign banks, destroying the last remnant we had of a gold standard.
Naturally, this was a “temporary” measure that has now been in place for over 30 years (go to 1:00):
And it looks like blaming the speculators for every economic problem isn’t a new phenomenon.