Trivium on Nostr: 201 on how gold was confiscated: ...

201 on how gold was confiscated:

quoting note1aam…sjyk

@candid wolf
preston (npub1s5y…6q7z)
jack (npub1sg6…f63m)
jackmallers (npub1dmc…utjm)
LynAlden (npub1a2c…w83a)

Two people (that i could find) were prosecuted under E.O. 6102.

One was indicted (United States v. Levy (1934) and one (Frederick Barber Campbell) was acquitted on a "technically". Executive Orders are not intended to apply to anyone outside of the Executive Branch of the government. The defence justified the latter case under the "trading with the enemy act" and was dismissed.

Most prosecutions were brought (still only a handful), not under FDR’s Executive Order, but under the Act of Congress, "the Gold Reserve Act of 1934."

this act lead to the issuance of Executive Orders 6260 and 6261.

The International Emergency Economic Powers Act (IEEPA) Amendments of 1974
This act, signed into law by President Gerald Ford on December 31, 1973 ,(along with E.O. 11888) effectively repealed the Gold Reserve Act of 1934. The IEEPA Amendments of 1974 restored the right of U.S. citizens to own and trade gold, ending the prohibition on private gold ownership that had been in place since 1934. Unconstitutionally (in my opinion).

Here's a fun fact about the 6102 order:

It exempted

1. Customary use in industry, profession, or art: This provision exempted individuals who used gold in their daily work, such as artists, jewelers, dentists, and electricians.

2. Gold coins and certificates in an amount not exceeding $100 belonging to any one person: Individuals were allowed to retain up to $100 worth of gold coins and certificates.

3. Gold coins having a recognized special value to collectors of rare and unusual coins.

This is why you can often find gold eagles were made into jewelery (necklaces and bracelets) in antique shops and coins that were deliberated back dated to meet the "collectors" .

We will always find a way!!!