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I'm amazed I've never heard about this. If I lived then and was going to have my gold confiscated, I don't think I'd be able to avoid going full killdozer.
by bendbro 6y ago
I'm amazed I've never heard about this. If I lived then and was going to have my gold confiscated, I don't think I'd be able to avoid going full killdozer.
- taylodl 6y agoThe 1% are still pretty pissed about it - nearly 100 years later. If you're an American then I am surprised/concerned you never heard about this in history class.
- bendbro 6y agoYeah, I am concerned on that same point as well. I had spent a lot of time reading about various historical events both in school and outside of it, so it's surprising that I never encountered this.
- DennisP 6y agoThey did at least pay people, if they surrendered it in time. (Then they raised the price of gold afterwards.) Come to think of it, that's another difference from "outlawing Bitcoin."
- tablespoon 6y ago> They did at least pay people, if they surrendered it in time. (Then they raised the price of gold afterwards.) Wouldn't it be unconstitutional for them to seize and not pay for it? Though they probably just paid face value in paper money.
- DennisP 6y agoYeah seems to me it'd violate the Fifth Amendment. Since the dollar was backed at $20 per ounce of gold, that's what they paid. Then they changed it to $35/oz.