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August 16, 2007
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![]() ![]() US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More... Discuss |
3 comments:
I am not for sure what's what, what's a jenny, what's a mule and all that. I know some can't reproduce and then there's the little guy, so I don't know what he'd be called or who he came from. It just looked like she was mothering the little one.
CUte pic of the littel guy though. Poor momma looks mighty thin. I hate to see animals underfed.
Yeah, I think some of the owners skimp a little bit on the feed, but otherwise all the animals in that pen look healthy. I feel sorry for them not getting to get out and graze; I consider that the same as keeping a dog tied up on a chain or rope all the time. I hate that.
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