By Dan Scheider
The greatest gold robbery in the United States – and even the world – was not committed by Jesse James, Bonnie and Clyde, or by any other citizen of the United States. It was pulled off by the United States itself in partnership with the Federal Reserve Bank.
On April 5, 1933, executive order 6102 signed by Franklin Delano Roosevelt forbade “the hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. The order did not apply to jewelry and rare coins.
I’m sure it took some time for everyone to turn in their gold at designated banks. They were paid $35 an ounce in Federal Reserve Notes.
In 1935, the U.S. Government built a heavily fortified depository at Fort Knox, Kentucky. The confiscated gold was moved there by trucks and trains. It became the largest gold depository in the world. As of July 31, 2019, Fort Knox holds 147.34 million troy ounces (4,583 metric tons) of gold reserves with a market value of US $210.8 billion, representing 56.35% of the gold reserves of the United States.
Many people claim nowadays that there is no gold at all at Fort Knox. However, these are also the same people that claim the moon landing was faked. Sorry if I offended anyone but the idea that there is no gold in Fort Knox or the moon landing was faked is simply ridiculous. There would simply be too many people involved in conspiracies that large and sooner or later someone somewhere would spill the beans.
Even though Fort Knox is loaded with gold, the thing is none of it actually belongs to the United States. It was sold to the Federal Reserve Bank and the government is storing it for them at a fee. I have no idea how much but I bet it’s impressive.
The Federal Reserve has also begun selling off our gold that they paid $35 an ounce for to foreign investors at $350 an ounce, seeing a return on their investment of ten times what they paid for it. The gold is still there, of course. The investors didn’t buy the gold so they could take it home with them and have golden plates and statues of themselves made. They bought it as an investment hoping the price of gold would rise. And rise it did. The current price of gold is over $1,500 per ounce. That means they more than quadrupled their original investment. I’m sure the original buyers are dead by now, but if they didn’t resell, it now belongs to their children or grandchildren. That’s some inheritance.
Here’s a good question: Doesn’t the American people have a right to a full accounting of who owns the gold in Fort Knox? Actually they do. However there has not been an audit of Fort Knox since the days of Harry Truman. Richard Nixon ordered an audit, but the Federal Reserve put up every obstacle they could and then Nixon was starting impeachment proceedings and he became too distracted, and then of course he resigned. His successor, Gerald Ford did not pursue the matter.
What all this boils down to is the greatest rip off to the American people the world has ever known. First, they make us turn in gold we owned legitimately – not by an act of congress, but buy executive order. Then the United States sells the gold to the greatest criminal organization of all – the Federal Reserve Bank. The Fed then sells some or all of the gold to foreign investors. Now all our gold is in private hands and all involved made a profit – except the poor saps who turned in their gold under presidential order for an even amount of cash.
Well, as P.T. Barnum said, “There’s a sucker born every minute.” Was he ever right.