"...The story begins just after the inauguration of Franklin Roosevelt on Mar. 4, 1933, in the midst of the Great Depression. Thousands of banks had already gone under as people panicked and withdrew their gold and other deposits. As the gold supply—much of it kept at the Federal Reserve Bank of New York—dwindled, the country faced possible insolvency. On Apr. 5, Roosevelt issued Executive Order 6102, which prohibited the hoarding of gold and required citizens to exchange their gold coins for paper currency..."
\So I've been wondering for a while now why companies and our government is aggressively buying gold, then I stumbled upon this. Looks like history is repeating itself.
1. Bad Economy.
2. Holding Withdrawals by the People.
3. Government Prohibitions & Executive Orders.
I think the executive orders are being cleverly disguised as "Cash For Gold Campaigns..." so the government can have the monopoly on gold again. That's just one man's opinion
WhyApologize
No comments:
Post a Comment