Haggai 2:8 -“The silver is mine, and the gold is mine, saith the Lord Yahweh of hosts”
1933: Give Me Your Gold Or Else
During the Great Depression, the federal government ordered the confiscation of all monetary gold from Americans. On April 5, 1933; it was simply put to give me (government) your gold or else!
The Emergency Banking Act of 1933, which passed on March 9 without Congress having read it.
The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States.
Now these actions could be taken during time of war or during any other period of national emergency declared by the President.
The paper dollars they were being given in exchange would be devalued. No one got their gold back.
Payment could be made in whatever the government declared to be legal tender, and gold could not be used.
Every day a new gold price was declared, and no one could figure it out.
The power of Congress over money is limited.
Moreover, the “dollar” was not an arbitrary term at the time the Constitution was drafted.
The Constitution twice refers to the dollar — in Article I, Section 9, Clause 1 (a clause that everyone understood to involve a tax on the import of slaves.
Conclusion
In matters of contractual obligation the government cannot legislate so as to excuse itself.
By the 1970s the federal government had once again permitted Americans to hold gold coins.
The paper dollar is worthless, I think we all can agree to this.
This was indeed the greatest gold robbery in history hands down! The government deficated on its own citizens.
There is no returning to the Constitution. Yes, it’s too late.
Some would say the current government is unfit to exist.
Silver and gold is the only real money that hasn’t lost its value as the fiat dollar does.
Leaders all around the world are hoarding and buying record amount of gold.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
AFFILIATE DISCLAIMER: this post contains references to products from our advertisers. Therefore, we may receive compensation when you click on links to those products at NO additional cost to you.
