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Thread: GOLD CERTIFITCATES siezed in 1933-34 to be re-released to the public!!

  1. #11
    Quote Originally Posted by David Merrill View Post
    However it did not change the Run. People (banks) still threatened to run the Fed in 1933 and caused FDR to order up the Bankers' Holiday.
    Don't forget the bank holiday of 2001 ......

  2. #12
    Quote Originally Posted by shikamaru View Post
    Gold and silver coin were no panacea against government debasement and ruin of the economy and people .....

    A person must always seek to exist outside of commerce altogether.

    Be in commerce but not of it.
    By substitution then:

    The world of commerce.


    P.S. Can you refresh us about the 2001 Run with a link? A chart might suffice.

    Oh!! You are talking about September 11 - nevermind!

  3. #13
    Quote Originally Posted by David Merrill View Post
    Amazing! That sounds like the Amendments to the Bretton Woods Agreements (in a way).



    Don't sound so glum.

    Thanks for the information. That is important to know about 1927. However it did not change the Run. People (banks) still threatened to run the Fed in 1933 and caused FDR to order up the Bankers' Holiday. It makes more sense to me now. Congress had okayed the perpetuity in 1927? Well, there you have it. I always thought it was just some Presidential constructive trust:


    David,

    I see now why you put this picture up time and again. It takes people like me 4 maybe 5 times to realize the significance of that quote. FDR was clearly saying "Freaking endorse your checks!". By the way, what book is that from? I definitely will buy and read. Side note...Keep to the plan, and keep posting this, it may seem redundant to you, but others NEED to see this. Thanks again.

  4. #14
    Quote Originally Posted by mikecz View Post
    David,

    I see now why you put this picture up time and again. It takes people like me 4 maybe 5 times to realize the significance of that quote. FDR was clearly saying "Freaking endorse your checks!". By the way, what book is that from? I definitely will buy and read. Side note...Keep to the plan, and keep posting this, it may seem redundant to you, but others NEED to see this. Thanks again.
    Thank you for noticing and prompting a more detailed display. The book set is the Public Papers and Addresses of Franklin Delano Roosevelt. I found the five-book set - FDR's first Administration. 1933 is titled, The Year of Crisis. Before the brain trust was so spread out across America I frequently gave tours and was told by a few new suitors that this book collection as well as the Selden Society cases are reserved only for attorneys in some law libraries! ??? I find that a bit difficult to swallow except that I heard it from more than one fellow trustee.

    Here is a fuller image of the page.


    Here are some more images. I noticed the books are in the background of this abstract video about Name.



    The Paper holds their folded faces to the floor; And every day the Paperboy brings more.

  5. #15
    Quote Originally Posted by David Merrill View Post
    Thank you for noticing and prompting a more detailed display. The book set is the Public Papers and Addresses of Franklin Delano Roosevelt. I found the five-book set - FDR's first Administration. 1933 is titled, The Year of Crisis. Before the brain trust was so spread out across America I frequently gave tours and was told by a few new suitors that this book collection as well as the Selden Society cases are reserved only for attorneys in some law libraries! ??? I find that a bit difficult to swallow except that I heard it from more than one fellow trustee.

    Here is a fuller image of the page.


    Here are some more images. I noticed the books are in the background of this abstract video about Name.



    The Paper holds their folded faces to the floor; And every day the Paperboy brings more.
    Where do you find this stuff...

    Anyways, I did a quick search on the Selden Volumes. I sent an inquiry in here...http://home.heinonline.org/. According the the website here...http://www.law.harvard.edu/programs/...ety/order.html this company should carry all the volumes if your interested. Just curious why you would be interested in their purchase? If you are interested, and the publications are "lawyer only", I do have 4 personal friends who are lawyers who wouldn't mind doing a little bird dogging.

    As for the the FDR publication. Do you own the book?


    ***I found the entire series here for open viewing (and its searchable!!)...
    http://quod.lib.umich.edu/p/ppotpus/...he+white+house

    I will be reading this, as there are some definite gems to be uncovered... The picture you have is page 18 of the papers...

    http://quod.lib.umich.edu/p/ppotpus/...he+white+house
    Last edited by mikecz; 02-21-13 at 03:49 PM.

  6. #16
    A new discovery here, but, page 27...

    http://quod.lib.umich.edu/p/ppotpus/...+reserve+notes

    Pretty interesting that 300,000,000 of gold was withdrawn and earmarked for a "foreign account."

    Page 28 describes clearly what FDR did to remove the gold...He used the trading with the enemy act... I will report more as I have time to read...

    The bottom of page 29 is intriguing... "but after the passage of the Emergenct Banking Acot of March 9, 1933, it became evident that they (emergency demand notes) would not be needed, because the Act made possible the issue of the necessary amount of emergency currenct in the form of Federal Reserve banknotes which could be based on any sound assets owned by banks
    Last edited by mikecz; 02-21-13 at 04:23 PM.

  7. #17
    Ok, has anyone ever actually read the emergency banking act of 1933? Holy wow...

    [quote]
    Sec. 4.

    In order to provide for the safer and more effective operation of the National Banking System and the Federal Reserve System, to preserve for the people the full benefits of the currency provided for by the Congress through the National Banking System and the Federal Reserve System, and to relieve interstate commerce of the burdens and obstructions resulting from the receipt on an unsound or unsafe basis of deposits subject to withdrawal by check, during such emergency period as the President of the United States by proclamation may prescribe, no member bank of the Federal Reserve System shall transact any banking business except to such extent and subject to such regulations, limitations and restrictions as may be prescribed by the Secretary of the Treasury, with the approval of the President. Any individual, partnership, corporation, or association, or any director, officer or employee thereof, violating any of the provisions of this section shall be deemed guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $10,000 or, if a natural person, may, in addition to such fine, be imprisoned for a term not exceeding ten years. Each day that any such violation continues shall be deemed a separate offense.

    The have to follow the rules, and what are the rules?

    ``Upon the deposit with the Treasurer of the United States, (a) of any direct obligations of the United States or (b) of any notes, drafts, bills of exchange, or bank making such deposit in the manner prescribed by the Secretary of the Treasury shall be entitled to receive from the Comptroller of the Currency circulating notes in blank, duly registered and countersigned. When such circulating notes are issued against the security of obligations of the United States, the amount of such circulating notes shall be equal to the face value of the direct obligations of the United States so deposited as security; and, when issued against the security of notes, drafts, bills of exchange and bankers' acceptances acquired under the provisions of this Act, the amount thereof shall be equal to not more than 90 per cent of the estimated value of such notes, drafts, bills of exchange and bankers' acceptances so deposited as security. Such notes shall be the obligations of the Federal reserve bank procuring the same, shall be in form prescribed by the Secretary of the Treasury, shall be receivable at par in all parts of the United States for the same purposes as are national bank notes, and shall be redeemable in lawful money of the United States on presentation at the United States Treasury or at the bank of issue. The Secretary of the Treasury is authorized and empowered of prescribe regulations governing the issuance, redemption, replacement, retirement and destruction of such circulating notes and the release and substitution of security therefor. Such circulating notes shall be subject to the same tax as is provided by law for the circulating notes of national banks secured by 2 per cent bonds of the United States. No such circulating notes shall be issued under this paragraph after the President has declared by proclamation that the emergency recognized by the President by proclamation of March 6, 1933, has terminated, unless such circulating notes are secured by deposits of bonds of the United States bearing the circulation privilege. When required to do so by the Secretary of the Treasury, each Federal reserve agent shall act as agent of the Treasurer of the United States or of the Comptroller of the Currency, or both, for the performance of any of the functions which the Treasurer or the Comptroller may be called upon to perform in carrying out the provisions of this paragraph. Appropriations available for distinctive paper and printing United States currency or national bank currency are hereby made available for the production of the circulating notes of Federal reserve banks herein provided; but the United States shall be reimbursed by the Federal reserve bank to which such notes are issued for all expenses necessarily incurred in connection with the procuring of such notes and all other expenses incidental to their issue, redemption, replacement, retirement and destruction.ยดยด
    There are so many great things in this statement...

    1. How I'm interpreting this, when you deposit a US note (currency of the national banking system) notes shall be taken at face value. When issued as a security against the US note, "the amount thereof shall be equal to not more than 90 per cent of the estimated value of such notes, drafts, bills of exchange and bankers' acceptances so deposited as security". Am I crazy here, the US note is a direct obligation of the United States. When issued against the "security" of the US note, it's a federal reserve note and can only be worth 90% the value of the US note, or direct obligation of the United States. It's like a security of a direct obligation..right?

    2. The FRNs shall be received in the same manner as the national banking notes, and shall be redeemable. "Such circulating notes shall be subject to the same tax as is provided by law for the circulating notes of national banks secured by 2 per cent bonds of the United States." There is a tax involved. They shall be taxed the same as the notes of national banks that are secured by a 2 per cent bond of the United states, which is different then a note that is a direct obligation of the united states, a us note.

    Keep in mind the national banking system... is the system that created US notes


    Another point here, start on pg 1950 a Mr.Vanderlip, member of the original jekyll island group talking a Senator into removing us banknotes from circulation. This conversation is dually worth your time to read. Vanderlip talks heavily about the "wastefullness" of carrying the national bank notes, because THEY CANT BE USED AS A RESERVE!!! This is awesome, kind of a break through day, sorry for all the posts.

    http://books.google.com/books?id=NcM...%20tax&f=false
    Last edited by mikecz; 02-21-13 at 05:29 PM.

  8. #18
    I also find it hard to believe that the Treasury has $4.2 billion in Gold Certificates. But presuming that these are issued by the Treasury, and not the Fed, they would be lawful money. But anything the Treasury does these days can only be described as kabuki theatre, designed to misinform the public. So my first bet would be that this particular msiinformation campaign is designed to further blur and confuse the concept of redeemable money. Which is an indirect report that this website is too successful for the continued comfort of the IRS...

  9. #19
    no such circulating notes shall be issued under this paragraph after the president has declared by proclamation that the emergency recognized by the president by proclamation of march 6, 1933, has terminated, unless such circulating notes are secured by deposits of bonds of the united states bearing the circulation privilege.
    Name:  The First National Bank of Juneau, Territory of Alaska (5117).jpg
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    Name:  The Winnsboro National Bank, Winnsboro back.jpg
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    This note is receivable at par in all parts of the United States, in payable in all taxes & excises and all other dues to the United States except duties on imports, and also for all salaries and other debts & demands owning by the United States to individuals, corporations & associations within the United States except interest on the public debt.

    Name:  The Winnsboro National Bank, Winnsboro, SC (2087).jpg
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