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American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold
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<p>[QUOTE="GoldFinger1969, post: 21458215, member: 73489"]<b>Came across this book while doing work on the 1933 Saints and the confiscation of American's gold holdings.</b></p><p><br /></p><p>This book goes into the personalities (FDR, the Supreme Court), the law, the policies, the debates, etc. <i><b>It focuses on the consolidated 4 cases known as the Gold Clause Cases</b></i>, which asked if the government could abrogate the clauses in bond indentures requiring payment in gold coin (or gold value) to protect against inflation and/or devaluation of the dollar. It's a fascinating case and alot closer than most realize (mostly 5-4 decisions).</p><p><br /></p><p>If you are a collector of gold coins...or are just interested in their history (especially Saint-Gaudens DEs)....or are a lover of history....student of economic or monetary policies.....conspiracy theorist <img src="https://forums.collectors.com/resources/emoji/smile.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> .....then this book is for you.</p><p><br /></p><p>An excellent review of the book which touches upon the political and legal issues is here:</p><p><br /></p><p><a href="https://forums.collectors.com/home/leaving?allowTrusted=1&target=https%3A%2F%2Feh.net%2Fbook_reviews%2Famerican-default-the-untold-story-of-fdr-the-supreme-court-and-the-battle-over-gold%2F" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/home/leaving?allowTrusted=1&target=https%3A%2F%2Feh.net%2Fbook_reviews%2Famerican-default-the-untold-story-of-fdr-the-supreme-court-and-the-battle-over-gold%2F" rel="nofollow">https://eh.net/book_reviews/american-default-the-untold-story-of-fdr-the-supreme-court-and-the-battle-over-gold/</a></p><p><br /></p><p>Without history turning out the way it did, the government may not have been able to force compulsory sales of gold from the American people....the 1933 DEs might have been released....and even 1934, 1935, and later years would have seen mintages.</p><p><br /></p><p>[ATTACH=full]1542931[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 21458215, member: 73489"][B]Came across this book while doing work on the 1933 Saints and the confiscation of American's gold holdings.[/B] This book goes into the personalities (FDR, the Supreme Court), the law, the policies, the debates, etc. [I][B]It focuses on the consolidated 4 cases known as the Gold Clause Cases[/B][/I], which asked if the government could abrogate the clauses in bond indentures requiring payment in gold coin (or gold value) to protect against inflation and/or devaluation of the dollar. It's a fascinating case and alot closer than most realize (mostly 5-4 decisions). If you are a collector of gold coins...or are just interested in their history (especially Saint-Gaudens DEs)....or are a lover of history....student of economic or monetary policies.....conspiracy theorist [IMG]https://forums.collectors.com/resources/emoji/smile.png[/IMG] .....then this book is for you. An excellent review of the book which touches upon the political and legal issues is here: [URL='https://forums.collectors.com/home/leaving?allowTrusted=1&target=https%3A%2F%2Feh.net%2Fbook_reviews%2Famerican-default-the-untold-story-of-fdr-the-supreme-court-and-the-battle-over-gold%2F']https://eh.net/book_reviews/american-default-the-untold-story-of-fdr-the-supreme-court-and-the-battle-over-gold/[/URL] Without history turning out the way it did, the government may not have been able to force compulsory sales of gold from the American people....the 1933 DEs might have been released....and even 1934, 1935, and later years would have seen mintages. [ATTACH=full]1542931[/ATTACH][/QUOTE]
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American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold
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