Topic: The gold confiscation of 1933 - page 2. (Read 229 times)

All governments have Lawyers guns and money.

They can always send men with guns to take your money.

The only way to be free from this is to be dead.

Most of us do not want that option and we do what we can do to get along. ie sheeple

Actually I didn't know that, something like this happened in the history so yes your thread is going to serve the actual purpose of creation.

Imagine, what will happen if same kind of law has been passed in 2021 or 2025? It will create a chaos for sure among the people and there is possibility of such law can be passed at any time because government solely hold power to do anything as what they want. Yes, bitcoin may save but governments already broke the anonymity by stick KYC regulations for the exchanges so they will know who actually have bitcoin in their portfolio or can sentence the penalty if the people didn't obey them.

Gold, precious metals and economics used to be a much larger part of global culture. The 3rd James Bond movie Goldfinger featured a plot to make the united states gold supply radioactive in an attempt to neutralize its stabilizing affect on america's economy for a time.

Around 1940 nazi germany launched something called operation bernhard. It was an attempt to flood the UK with counterfeit fiat currency that was indistinguishable from legit currency. In an effort to destabilize and crash the UK economy.

https://en.wikipedia.org/wiki/Operation_Bernhard

Topics like these have slowly but surely drifted out of the public consciousness.

I'm not 100% certain on the politics behind the gold confiscation of 1933 but thanks for bringing it up, I'll definitely look into it.

If there's an important lesson that history will teach us about how governments work, it is that it's almost always certain that they will fuck up and cross the boundaries that they also have set initially. Bitcoin at the least provides some assurance that we will be protected from this event somehow, but you can never be sure until when will the government be able to hold the fort and not do the same shit over again.

I wouldn't put too much faith in bitcoin's anonymity, because if any government decided they wanted to seize their citizens' coins, I'd imagine they'd find a way to trace who owns what (at least for a lot of people, and especially those who use exchanges like Coinbase).  Hopefully it'll never come to that, because OP is indeed correct that the gold confiscation that happened shows you how much power the government has.  I mean, hey....they make the laws, and it would just take the stroke of a pen to make us all outlaws.

You live in France if I'm not mistaken, so I don't know how it is over there with government and people's faith in it, but here in the US I'd say there are tons of people who don't trust our government--and they're right not to.  There are so many examples of politicians and other government workers perpetrating all sorts of misdeeds (in addition to all the bullshit policies that have been enacted) that I don't understand how anyone could trust them.

I don't think I was ever taught about the gold seizure of 1933 when I was a kid in school.  Those are the types of things that don't make it into standard textbooks of American history unfortunately.  Hell, I'd much prefer that subjects like that weren't even taught in grammar and high schools in the US.  What's the point of memorizing all of the US presidents, anyway?

You're right.

Bitcoin has substantial advantage over gold for this simple reason - you cannot simply say that you're going to confiscate it as a government because everything is anonymised and such.

It's a shame that no one seems to care about these things and everyone is putting blind faith into the government, which is rarely rewarded.

This is an episode of the US history that is known yet perhaps not widely enough. The executive order 6102 signed by the US president Roosevelt, basically confiscated all the privately held gold in the US giving a clearly insufficient compensation.

https://en.wikipedia.org/wiki/Executive_Order_6102



This has to be more widely know particularly for younger people who have lived in an era in which banks seemed solid, money seemed to be of some value and most governments somehow seem respectful of private property. There is no haven, no absolute safety and you should not take anything for granted. Bitcoin may help you protect from these cases, yet, again, nothing is watertight.