90+ years ago on this day the government seized everyone's gold at $22 an ounce... Then once they finished taking everyone's gold, they repriced gold to $35 an ounce. Effectively halving the purchasing power of the dollar overnight...

FDR was not a good man.

Beware a politician who's backed into a corner.

Very similar to Nixon in 1970 with the gold shock when he ended the controvertibility of dollars into gold for other nations... It was still $35 an ounce. 10 years ago it was $1200 an ounce. And today it's pushing $3000 an ounce for gold... SMH... All starting in 1933 when it became illegal to hold or own gold or use it as currency... Nothing could be allowed to compete with dollars... How else could they inflate them without competition or accountability?