This Act follows FDR's March 5,
1933 chat on the "Banking
Crisis",
and effectively proves our president to be a liar and a thief.
Interesting, too, that the gold is to be turned in to the
privately-owned Federal Reserve Banks. James Turk furnishes an
excellent
analysis including the amount of gold actually surrendered by
Americans.
The
Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the
Hoarding of Gold
Coin, Gold Bullion and Gold Certificates By virtue of the authority
vested in me by Section 5(b) of the Act of October 6, 1917, as amended
by Section 2 of the Act of March 9, 1933, entitled
An Act to provide
relief in the
existing national emergency in banking, and for other purposes in which
amendatory Act Congress declared that a serious emergency exists,
I, Franklin D.
Roosevelt, President
of the United States of America, do declare that said national
emergency still continues to exist and pursuant to said section to do
hereby prohibit the hoarding gold coin, gold bullion, and gold
certificates within the continental United States by individuals,
partnerships, associations and corporations and hereby prescribe the
following regulations for carrying out the purposes of the order:
Section 1.
For the purpose of this regulation, the term 'hoarding" means the
withdrawal and withholding of gold coin, gold bullion, and gold
certificates from the recognized and customary channels of trade. The
term "person" means any individual, partnership, association or
corporation.
Section 2.
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 now owned by them or coming into their ownership on
or before April 28, 1933, except the following:
(a) Such amount of
gold as may be
required for legitimate and customary use in industry, profession or
art within a reasonable time, including gold prior to refining and
stocks of gold in reasonable amounts for the usual trade requirements
of owners mining and refining such gold.
(b) Gold coin and gold
certificates
in an amount not exceeding in the aggregate $100.00 belonging to any
one person; and gold coins having recognized special value to
collectors of rare and unusual coins.
(c) Gold coin and
bullion earmarked
or held in trust for a recognized foreign government or foreign central
bank or the Bank for International Settlements.
(d) Gold coin and
bullion licensed
for the other proper transactions (not involving hoarding) including
gold coin and gold bullion imported for the re-export or held pending
action on applications for export license.
Section 3.
Until otherwise ordered any person becoming the owner of any gold coin,
gold bullion, and gold certificates after April 28, 1933, shall within
three days after receipt thereof, deliver the same in the manner
prescribed in Section 2; unless such gold coin, gold bullion, and gold
certificates are held for any of the purposes specified in paragraphs
(a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is
held for purposes specified in paragraph (d) of Section 2 and the
person holding it is, with respect to such gold coin or bullion, a
licensee or applicant for license pending action thereon.
Section 4.
Upon receipt of gold coin, gold bullion, or gold certificates delivered
to it in accordance with Section 2 or 3, the Federal reserve bank or
member bank will pay thereof an equivalent amount of any other form of
coin or currency coined or issued under the laws of the Unites States.
Section 5.
Member banks shall deliver alt gold coin, gold bullion, and gold
certificates owned or received by them (other than as exempted under
the provisions of Section 2) to the Federal reserve banks of there
respective districts and receive credit or payment thereof.
Section 6.
The Secretary of the Treasury, out of the sum made available to the
President by Section 501 of the Act of March 9, 1933, will in all
proper cases pay the reasonable costs of transportation of gold coin,
gold bullion, and gold certificates delivered to a member bank or
Federal reserve bank in accordance with Sections 2, 3, or 5 hereof,
including the cost of insurance, protection, and such other incidental
costs as may be necessary, upon production of satisfactory evidence of
such costs. Voucher forms for this purpose may be procured from Federal
reserve banks.
Section 7.
In cases where the delivery of gold coin, gold bullion, or gold
certificates by the owners thereof within the time set forth above will
involve extraordinary hardship or difficulty, the Secretary of the
Treasury may, in his discretion, extend the time within which such
delivery must be made. Applications for such extensions must be made in
writing under oath; addressed to the Secretary of the Treasury and
filed with a Federal reserve bank. Each applications must state the
date to which the extension is desired, the amount and location of the
gold coin, gold bullion, and gold certificates in respect of which such
application is made and the facts showing extension to be necessary to
avoid extraordinary hardship or difficulty.
Section 8.
The Secretary of the Treasury is hereby authorized and empowered to
issue such further regulations as he may deem necessary to carry the
purposes of this order and to issue licenses there under, through such
officers or agencies as he may designate, including licenses permitting
the Federal reserve banks and member banks of the Federal Reserve
System, in return for an equivalent amount of other coin, currency or
credit, to deliver, earmark or hold in trust gold coin or bullion to or
for persons showing the need for same for any of the purposes specified
in paragraphs (a), (c), and (d) of Section 2 of these regulations.
Section 9.
Whoever willfully violates any provision of this Executive Order or
these regulation or of any rule, regulation or license issued there
under may be fined not more than $10,000, or,if a natural person may be
imprisoned for not more than ten years or both; and any officer,
director, or agent of any corporation who knowingly participates in any
such violation may be punished by a like fine, imprisonment, or both.
This order and these regulations may be modified or revoked at any
time.
/s/
Franklin D. Roosevelt
President of the United States of America
April 5, 1933
