Did you know that Pres. Roosevelt ordered the confiscation of all privately held gold in the 1930's?

Yes. It is well documents. Read a very old book titled "Since Yesterday" for a great review of the period, it's effecs on average people, and the results of Governmental interference. You will be STUNNED at the identical conditions, problems, and stupid ineffectual Governmental efforts similarity to those of today. Very interesting.

Yes, and then he raiised the price of gold, in dollars. Of course, it wasn't the value of the gold that changed, it just meant dollars lost value. So really, EVERYONE that had savings in dollars was robbed.

That's how inflation is - everyone is robbed, and government grows.

Government meddling just makes recessions last longer, and encourages banks to take risks (when govt. creates new fiat currency, the banks are the means of distribution - and they can loan 10$ for each dollar they have)

I agree with rudy - This time will be similar to 30s, because we have elected the same kind of people. But in the 30s, the US was more rural agrarian and manufacturing based economy, with less debt . I wonder if a predominantly urban dwelling service based economy with our debt will do as well?

Oh, and it wasn't the "stimulus" effect of govt. spending for the war that ended the depression. It was the fact that most european manufacturing was in ruins (no competitors), and Roosevelt and his insane policies passed away.

True, that the gold standard was in effect till nixon. But since the government could change the number of dollars an ounce of gold was "worth", all Nixon did was to quit pretending our currency had a real and fixed value.

And notice the "hoarder" rhetoric. Then, as now, those who resisted got nasty labels to justify govt. robbery.

So very wrong on so many points. He did not order the confiscation of all privately held gold, just that gold that was being hoarded. Gold coins up to $100 could be kept, along with gold coins that held special value to collectors. In addition, fair market compensation was given. This had nothing to do with gold that was not in coin or buillon form. This order was made because people were taking out gold coins, thus threatening the value of US money. Finally, the gold standard wasn't done away with until Nixon.

Only gold bullion - bars of gold and bullion coins. Numismatic coins were exempt, as were gold jewelry and semi-numismatic coins. People were compensated at the market value.

Also exempt from Roosevelt's gold confiscation were gold mines, gold mining stocks, gold nuggets and dust, gold art objects, and gold held by U.S. citizens outside America.

it also extended the recession into a depression that lasted 10 years..

now obama is following the same path to destruction

The money was then given to the germans to fund the war. If you want to know what it is really about, what they are planning, and who is behind it, watch this

http://www.youtube.com/watch?v=szTppqfCL0g

It will end up being the most important movie you have ever seen.

FDR. Enough said, the same guy that started us down the socialist path.

Yes, and they're still trying to do that today...in exchange for fiat money

true, but there WAS compensation.