Real robbery: how the US gold reserve was created
The USA is the richest country of our time. But their wealth is based not only on the results of centuries of exploitation of the resources of other countries of the world, but also on the robbery of their own population. So, 85 years ago, Franklin Roosevelt signed a decree on confiscation of gold from all individuals and legal entities. Accusing the USSR of mass expropriations of property, the United States itself did the same. The US gold reserve was formed thanks to the legalized robbery of rich and not so Americans, and indeed all those who were not lucky enough to keep their gold in the United States.
To begin with, gold has always played a very large role in the life of the United States. Many territories of the country were mastered thanks to the notorious "gold rush", well described in the works of the classics of the XIX - early XX centuries. Thanks to the "gold rush", the United States managed to seriously increase its gold reserve by the beginning of the 1900th century, after which in XNUMX the gold standard was introduced to ensure the American dollar.
As you know, during the First World War, the United States was the only country from the major warring powers who did not stop changing its currency to gold. However, in the late 1920s, when the Great Depression began, American the economy a severe blow was inflicted. Investors rushed to hastily withdraw their assets from American banks, which, first of all, related to gold. In one day, American banks were losing millions of dollars. The country's economy was in danger of total collapse. In such a situation, only very tough measures could save her, akin to those that were used around the same time in the Stalinist Soviet Union to accelerate the development of Soviet industry and agriculture.
On March 4, 1933, Franklin Roosevelt was elected President of the United States, and on April 5, he published the infamous Decree No. 6102, according to which all individuals and legal entities located in the United States, including non-residents, should be up to 1 May 1933 to hand over all the gold they hold. Individuals were allowed to keep their gold in the amount of not more than $ 100, as well as rare and collectible coins. The state paid compensation for the seized gold in the amount of $ 20,5 per ounce, whereas after the seizure, the price of gold immediately soared to $ 35 per ounce. It is noteworthy that the ban on possession of gold was lifted for citizens of the United States only in 1974, more than forty years after the famous seizure law.
Thus, you can be absolutely sure that the United States for its own economic prosperity is ready for any action and will not stop either from trade wars or from the total robbery of the rest of the planet. If the vaunted American democracy has historically neglected the financial interests of its own citizens, then what attitude should be expected from policy Washington to residents of other countries?
To begin with, gold has always played a very large role in the life of the United States. Many territories of the country were mastered thanks to the notorious "gold rush", well described in the works of the classics of the XIX - early XX centuries. Thanks to the "gold rush", the United States managed to seriously increase its gold reserve by the beginning of the 1900th century, after which in XNUMX the gold standard was introduced to ensure the American dollar.
As you know, during the First World War, the United States was the only country from the major warring powers who did not stop changing its currency to gold. However, in the late 1920s, when the Great Depression began, American the economy a severe blow was inflicted. Investors rushed to hastily withdraw their assets from American banks, which, first of all, related to gold. In one day, American banks were losing millions of dollars. The country's economy was in danger of total collapse. In such a situation, only very tough measures could save her, akin to those that were used around the same time in the Stalinist Soviet Union to accelerate the development of Soviet industry and agriculture.
On March 4, 1933, Franklin Roosevelt was elected President of the United States, and on April 5, he published the infamous Decree No. 6102, according to which all individuals and legal entities located in the United States, including non-residents, should be up to 1 May 1933 to hand over all the gold they hold. Individuals were allowed to keep their gold in the amount of not more than $ 100, as well as rare and collectible coins. The state paid compensation for the seized gold in the amount of $ 20,5 per ounce, whereas after the seizure, the price of gold immediately soared to $ 35 per ounce. It is noteworthy that the ban on possession of gold was lifted for citizens of the United States only in 1974, more than forty years after the famous seizure law.
Thus, you can be absolutely sure that the United States for its own economic prosperity is ready for any action and will not stop either from trade wars or from the total robbery of the rest of the planet. If the vaunted American democracy has historically neglected the financial interests of its own citizens, then what attitude should be expected from policy Washington to residents of other countries?
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