Could the Government Confiscate Gold Again? A Look at Today's 'Emergencies' and Revisiting Executive Order 6102
news.bitcoin.com/could-the-government-confisc...
news.bitcoin.comPosted Apr 7, 2022, 4:50 PM UTC
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news.bitcoin.comNot realistic, just like if they wanted to confiscate guns at this point it would be damn near impossible.
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You’d have to get through my guns to take my guns
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Mine were lost in a tragic boating accident.
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My wife too!
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It could be done. But then they would have to reasonably anchor dollar to gold. That is not likely to happen because they like printing it too much.
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Gonna need lots of guys with guns to do it.
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tldr; On April 5, 1933, U.S. President Franklin Roosevelt signed Executive Order 6102, which banned the hoarding of gold coin, gold bullion, and gold certificates within the continental United States. Since then, inflation in the United States has run rampant and Americans using the US dollar are losing purchasing power. The world has been dealing with a rollercoaster economy over the last two years.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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It didn’t work then. It won’t work now.
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Failed then, and while history is not an indicator of future events, it often rhymes.
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It's fool's gold, I tell ya!
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It's fool's gold I tell you!
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Even worse, can they confiscate crypto like they did gold? And if you hide it in non-custodial wallet, then you will have to explain where it came from if you ever attempt to use it.
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They can’t take shit, fuck tha police 👮♀️
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They can try, but how will they know about the gold bricks lining the banana stand Walls.
There's always money in the banana stand.
Add a potato maybe some carrots to that brick and you got a stew going baby.