Crazy Fools Chasing Crazy CyberNews Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Crazy Fools Chasing Crazy CyberNews

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ms.smartest.person who wrote (3784)	2/2/2003 5:23:20 PM
From: ms.smartest.person	Read Replies (1) of 5140

Gold, Money and the U.S. Constitution Eugene C. Holloway, J.D., L.L.M (Admin. Law Economic Regulation) ©2003 PART 3 - CONFISCATION AND THE GOLD CLAUSE Even knowing that it actually happened, it still is almost unthinkable that the United States government would nationalize the personal assets of its citizens, give paper in exchange at 60% of the value of the assets - and book a profit. The public begrudgingly recognizes that the government can take private property as long as the taking is accomplished by due process (such as an eminent domain proceeding) and the owner receives just compensation. However, we expect those cases to be relatively isolated and infrequent. In 1933, the U.S. government devalued the dollar by 40% in less than eight months, but not before it ordered a docile population to exchange their gold for paper and banned gold ownership and transactions in gold to keep citizens from escaping the devaluation. The combined actions operated as a confiscation of the property of every citizen, all at once, with no compensation... gold-eagle.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next