Murray Rothbard said it best when he said that “the threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives.”
Why does government hate the gold standard … or any real standard for that matter?
At the heart of government’s attack on gold, silver, bitcoin, and other commodity standards is an outright hatred for accountability and private property, and a real love for theft.
How It All Began
On April 5th, 1933, President Franklin D. Roosevelt forbade “the hoarding of gold coin, gold bullion, and gold certificates within the continental United States” by executive order 6102.
How could government be able to control buying power without the public knowing of a direct tax?
It had only been 20 years since Congress signed the Federal Reserve Act of 1913 into law in what would become the biggest act of theft and bamboozlement on the American people ever. How would government be able to control buying power without the public knowing of a direct tax? A fractional reserve system run by the power elite allowed for theft at an unprecedented level. It allowed for the manipulation of buying power and the control of all American’s real money and trade.
Then, on January 30th, 1934, the US Gold Reserve Act was signed into law demanding the rendering of gold and gold certificates to the Federal Reserve. The federal government traded paper fiat federal reserve notes at $20.67 per ounce of gold and managed to take more than 8000 tons of gold from the American people. Once the gold was off the market, the federal government raised the rate of gold to $35 per ounce in an attempt to inflate the value of the dollar.
Government then feared that, with the confiscation of gold, people would use silver as a way to curb the control of the Federal Reserve. This resulted to passing of the Silver Purchase Act of 1934 imposing a 50% tax on any transfer of silver and calling for the cease to any silver mining.
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