Loading ...Private Gold Ownership illegal – as projected by leading European Fund Manager
Ohh Ohh!
European Hedge Fund manager says that governments may make private gold ownership illegal. Kinda like what Franklin Delano did with the consequence of extending the US Great Depression.
Here’s the bloomberg blip:
Update: Franklin D confiscated, then reset the value of, so that he could have a little extra cash to subsidize his government social programs.
I do believe that FDR’s actions were far more diabolical than that simple statement suggests.
OMG! why these guys get platform to make prediction as wrong as this one.
In 1933 US monetary system was on Gold standard. Only way to increase supply of money was thru gold only. Read post by Lyn Alden yesterday here.
Today monetary system is irredeemable currency which is being printed to increase money supply already.
This guy does not know macro economics.
FDR didn’t raise the price of gold so they could spend the difference… They did it following advice to devalue the USD in an attempt to get the economy going again. And it actually worked in their own way.
Believe me I don’t approve of what they did and FDR was a creep, but countries always come around to what they did. We will be doing the same thing
U.S Citizens were a lot more compliant and patriotic back then. Good luck getting arms bearing Americans to willingly give away their gold this time around.