Lawrence Reed - Gold Confiscation: FDR's Other 'Day of Infamy'

Posted by Vincent Tie on 11 May 2023

SBTV spoke with Lawrence Reed, President Emeritus of the Foundation for Economic Education (FEE), about Franklin Roosevelt's other 'Day of Infamy' - the 1933 expropriation of all gold in America. We also asked Lawrence how likely the US government will enact such a gold confiscation decree again.

Discussed in this interview:
01:35 FDR's 1933 gold confiscation
06:25 Roosevelt reneging on gold contracts
08:41 No Gold Standard?
11:57 As good as gold
14:24 A dangerous precedence?
19:04 A modern gold confiscation coming?
22:43 Currency debauchment
27:23 The real criminal

 

 

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