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March 29, 2009
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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 |
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Spring in the Texas Panhandle is when real estate changes places in the wind!
The wind really got up during our blizzard of this weekend. I could hear this old house moaning and groaning as the wind whistled through the eaves. B pretty much stayed curled up with me all day yesterday.
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