The Gold Seizure of 1933

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Part 9 of the series on Edwin Vieira Jr.’s Pieces of Eight is on Roosevelt’s gold seizure in 1933. It’s now available here and here. This 39-page article takes you through every important presidential and legislative action by which the government seized the people’s gold for a fraction of its market value. Each unconstitutional aspect is laid bare. The financial side of the story and excerpts from the Congressional debates are also recorded. Good case study in how low Congress can sink, not to mention FDR. Next in the series will be the court cases on the gold clause abrogation and the Campbell cases.

10:03 pm on May 12, 2010