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JPM wrote:

> Can anyone here give a quick, accurate run down on the history of
> the  gold confiscation episode and the dropping of the gold
> standard in  the USA from 1930 through 1990?

I found this article from the Ideas on Liberty magazine published by
FEE (The Foundation for Economic Education). It gives good
descriptive overview of the gold confiscation, a good read (at least
for a libertarian like me :-).


The Great Gold Robbery
by James Bovard

http://www.fee.org/freeman/99/9906/bovard.html

"Roosevelt used the same "hoarding" rhetoric against anyone who owned
gold that Stalin used against Ukrainian peasants who sought to retain
part of their wheat harvest to feed their families. But while Stalin
sent execution squads to kill peasants who had a few bushels of grain
hidden in their hovels, Roosevelt was kinder and gentler, seeking
only ten-year prison sentences and $250,000 fines for any citizen who
defied his edict and possessed more than five Double Eagle gold
coins."


Regards,

Paul Vahur
IceGold | http://www.icegold.com
An Accredited Founding Member of 
the eCurrency Trade Association Inc.


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