POSTMASTER PLEASE POST IN A CONSPICUOUS PLACE JAMES A FARLEY Postmaster Ganeral UNDER EXECUTIVE ORDER OF THE PRESIDENT issued April 5 1933 all persons are required to deliver ON OR BEFORE MAY 1 1933 all GOLD COIN GOLD BULLION AND GOLD CERTIFICATES now owned by them to a Federal Reserve Bank branch or agency or to any member bank of the Federal Reserve System For Further Information Consult Your Local Bank GOLD CERTIFICATES may be identified by the words GOLD CERTIFICATE appearing thereon The serial number and the Treasury seat on the face of a GOLD CERTIFICATE are printed in YELLOW Be careful not to confuse GOLD CERTIFICATES with other issues which are redeemable In gold but which are not GOLD CERTIFICATES Federal Reserve Notes and United States Notes are redeemable in gold but are not GOLD CERTIFICATES and are not required to be surrendered Special attention is directed to the exceptions allowed under Section 2 of the Executive Order CRIMINAL PENALTIES FOR VIOLATION OF EXECUTIVE ORDER $10000 fine or 10 years imprisonment or both as provided in Section 9 of the order Sacrytary o the Trauury On This day in History April 5 1933 86 yrs ago todayFDR declared America Bankrupt and issued an Executive order to steal private property from its citizens In order to pay back the FED that financed his Campaign and NEW DEAL Dont believe the Government will steal your bank accounts pensions or IRA's??? Learn History its filled with surprises While people around the world may be appalled at the actions of the Cyprus government to close their banks and confiscate a portion of certain accounts many in America claim it “will not happen here” Perhaps they are correct for at least the immediate future but far worse was done to Americans in 1933 and it could happen again On April 5 1933 approximately one month after first taking office Franklin D Roosevelt commanded via Executive Order No 6102 “All persons are hereby required to deliver on or before May 1 1933 to a Federal reserve bank … all gold coin gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28 1933” By his executive order Roosevelt deprived Americans of their property “without due process of law” under the Fifth Amendment To add injury to insult he also ordered up to a $10000 fine or ten years in prison or both for anyone who willfully violated any provision of his executive order America was deep into a financial crisis of its own at the time known as the Great Depression and his executive order was his chosen method for resolving it The problem Roosevelt faced was a near total collapse of America’s banking system caused by the over expansion of credit from fractional-reserve banks Fractional-reserve banks operate by loaning far more “money” in the form of credit than they possess The system works well as long as “money” continues to pass through society and not stay in the possession of any one person for very long Problems ensue when deposit holders lose confidence in their bank and near simultaneously withdraw their deposits Fractional-reserve banking has historically been unstable and the cause of many financial crisis throughout its history around the globe The Dutch Tulip manias 1634-1637 and the British South Sea Bubble 1717-1719 are two examples of credit expansion “bubbles” caused by fractional-reserve banks prior to America’s founding In the United States besides the Great Depression the panics of 1819 1837 1873 and 1907 were fractional-reserve bank induced credit “bubbles” that caused great economic distress for Americans In spite of this track record the US Congress in 1913 consolidated the fractional-reserve system at the national level in the Federal Reserve Banks The result of this action was instead of having regional bank failures in which solvent banks could assist in the recovery the US had a national bank crisis in which every bank in the nation was embroiled and nearly every citizen adversely affected In 1933 US paper currency the Federal Reserve Note FRN was backed by gold which required by law all banks to provide gold on demand to their depositors in exchange for FRNs Since banks did not hold enough gold to meet the demands of the depositors who had lost confidence in the banks the banks would have to liquidate their business to pay back the gold they owed By making it illegal for American citizens to own gold after May 1 1933 Roosevelt gave the banks a “legal” recourse to default on their contractual agreements Roosevelt saved the banks by confiscating the gold from American citizens and having Fort Knox built at tax payer expense to store the gold he stole His decree in effect made the normal unavoidable uses of money a justification for “the seizure of that money from its rightful owners in order supposedly to “protect the currency system” of the people based on”1 the money he was confiscating Roosevelt used the term “hoarding” to describe the actions of people who lost confidence in their banks and withdrew the gold they had deposited in them “What Roosevelt actually had in mind but did not dare say in so many words was that as a practical matter “hoarding” meant “withdrawing and withholding” gold from the banks – and that therefore WE THE PEOPLE’S gold could be confiscated in the bank’s interests The gold was to be used as captive reserves on which the banks could pyramid their paper currency and deposits WE THE PEOLPLE’S cash balances were to be cannibalized in order to perpetuate the very fractional-reserve system that had caused the banks to collapse in the first place!”2 If any of this sounds vaguely familiar it is because similar actions were taken in the 2008-2009 bank bailouts in the United States The only difference is that instead of gold confiscated from American citizens the national government confiscated future earnings via liabilities placed against future tax revenue to bail out the banks In a monetary system not based on gold and silver as the United States is currently the national government has more options on how to confiscate the earnings of its citizens The 2008-2009 bank bailouts were such a scheme Much of the “money” used to bail out the banks was borrowed against future tax revenue American tax payers will have to bear the burden of this borrowed “money” for generations to come while the bankers whose mismanagement caused the problems gave themselves bonuses from the bailouts they received The national government also used a similar line of reasoning as Roosevelt used for his actions to unconstitutionally justify their conduct in that “the banks were too big to fail” To the uninformed or those of a weak moral constitution this may sound like a good reason and bailing out the banks an equitable solution but it is certainly not equitable to those whose gold was taken “without due process of law” or those whose future earnings will be confiscated without “Appropriations made by law” 3 Some may argue that the government compensated Americans by paying them $2067 in FRNs per ounce of gold they took The problem with this argument is twofold first the government undervalued the price of gold to the FRN because Roosevelt ultimately sold thousands of ounces of the confiscated gold on the international market for $35 an ounce Second the government confiscated something of intrinsic value gold and replaced it with something of no intrinsic value FRN paper currency that is worthless as the paper it is printed on Americans are still stuck with the result this extortion in the form of the Federal Reserve Banks FED backed by only worthless FRN paper currency now known as United States dollars and the promise that American tax payers will foot the bill for every FRN fraudulently and fictitiously created without any “Appropriations made by Law”4 Americans have become blissfully ignorant to how they are currently being extorted and the looming financial disaster that is inevitable in every fractional-reserve system of banking just like in 1933 By continually expanding the amount of FRNs via credit the national government and the FED are causing a situation where more FRNs are chasing the same amount of goods and services thereby rendering each FRN to be worth less than before the expansion because it takes more FRNs to buy the same amount of goods and services The effect of this expansion of the money supply known as inflation is that both the national government and the FED are stealing the purchasing power of the FRNs you worked to obtain straight out of your wallet or bank account Perhaps the pundits who claim our money is safe in the banks are correct because our national government is content at the moment with confiscating a portion of our earnings every day of our lives through inflation Like all schemes based on the Bernie Madoff formula that are Ponzi in their nature it is bound to fail and sooner or later America will either suffer another round of major bank failures or an extreme over inflation of the money supply known as hyperinflation in which everyone around the world will perceive FRNs to be as worthless as they already are Roosevelt’s 1933 executive order was just one step in many to take America completely away from gold and silver currency and put it on paper currency whose only value is by decree of Congress After Roosevelt confiscated gold the path was nearly completely open for the government to incrementally confiscate wealth from Americans through inflation of FRN paper currency backed by nothing but a promise of the government and future tax revenue The lesson Americans should learn from this and other similar executive orders and acts of Congress is that when faced with a national crisis any recommended solution must also be a constitutional one based on original intent or it is no solution at all 1 Edwin Vieira Jr Pieces of Eight p 935 2 Edwin Vieira Jr Pieces of Eight p 935 3 Article I Section 9 Clause 7 4 Article I Section 9 Clause 7 Meme











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