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<p>[QUOTE=&quot;GoldFinger1969, post: 5427421, member: 73489&quot;]<b><span style="color: #b30000">It doesn&#039;t make sense.&nbsp; What FDR did in 1933/34 was in revaluing gold UP so that the money supply would INCREASE.</span></b></p><p><br /></p><p>There&#039;s no reason for the government to seize gold today any more than they would want to seize iPhones, raw copper, boxes of Fruit Loops and Cheerios, or decaf K-Cups. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>The 1933 confiscation was about lowering the value of the dollar and giving the Fed more flexibility (which they probably already had).&nbsp; Of course, having created a Central Bank -- The Fed -- in 1914 to work in conjunction with a gold standard was a bit like hiring Woody Hayes (&quot;3 yards and a cloud of dust&quot;) to be your football coach and naming Dan Fouts to be your QB. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />.&nbsp; You also had a schizophrenic relationship where the Treasury watched the dollar and the Fed watched the money supply, a schizo arrangement not solved until the Fed-Treasury 1951 Accord.</p><p><br /></p><p>The government lied about the necessity of confiscating gold from American citizens in 1933 just like they&#039;ve lied about the ownership of those 1933 Saints. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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