FDR outlawing private ownership of gold and wanting to cap income at 25,000 a year.

[occupied]

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Who talks like that? The bad guy in shitty action movies? Quit acting like the stereotype of a MAGA hat wearing rage filled geezer if you wish to be taken seriously.

Start making sense, if you want to be taken seriously, ass wipe.

Your pointless anger means nothing to me.

 

[occupied]

"Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (consumer price index, adjusted value of $400 today) per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $193,548 today) or up to ten years in prison, or both."

He forced everyone to turn in their gold under threat of imprisonment and then enacted policy designed to raise inflation and devalue their savings.

He also issued an Executive Order that Congress had to override putting a 100% tax rate on income over 25,000 a year.

"On April 27, 1942, President Franklin D. Roosevelt asked Congress to cap the income that any one American could claim and keep. With the United States in "grave national danger," said Roosevelt, "no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year." That would be the equivalent of an income a bit above $200,000 today."

He had to settle for a maximum tax rate of 94%.

How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose time may have come again.

He issued more Executive Orders than Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush Sr., Clinton, Bush Jr., Obama, and Trump combined.

Franklin Delano Roosevelt was the worst president in the history of this country.

I have yet to meet a Republican in their 80s who doesn’t thank FDR for preventing them from starving to death.

That's true. I grew up in TVA land. FDR gave millions the first actual paycheck they had ever seen.

 

[Bootney Lee Farnsworth]

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Who talks like that? The bad guy in shitty action movies? Quit acting like the stereotype of a MAGA hat wearing rage filled geezer if you wish to be taken seriously.

Start making sense, if you want to be taken seriously, ass wipe.

Your pointless anger means nothing to me.

Cool. Go fuck yourself.

.

 

[22lcidw]

The roaring 20's had massive Fed liquidity injected into the system. Then they tightened to much with the system being nervous. Having a depression for 12 years until WW 2 is suspicious.

 

[Bruce_T_Laney]

Gold is hoarded, money gets spent.

It is my right to hoard my gold, silver and precious gems if I like and no one should have the right to tell you how much you should be able to make or keep!

You say that but it turns out not to be the case.

Well no one has the right in this country how much you can make, so it is the damn case unless you can show me the law where the cap is at!

Have you heard of this thing we had called the great depression? The things FDR had to do to avoid a socialist revolution in America seems kind of harsh these days but there were no liquid assets to be had to restart the economy. The super rich had vaults full of the stuff that just sat there year after year doing nothing.

Wow, so you believe you have the right to tell someone what they may have or how much they earn, and you think FDR way was much different than Lenin or Stalin?

You have no right under our form of government to dictate anything like that and FDR was wrong!

 

[Bruce_T_Laney]

WW2 got us out of the depression. FDR's policies exacerbated it.

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Who talks like that? The bad guy in shitty action movies? Quit acting like the stereotype of a MAGA hat wearing rage filled geezer if you wish to be taken seriously.

Quit thinking FDR did everything perfectly and trying to shove your Trotsky way of life down everyone throats.

 

[Pilot1]

Gold is hoarded, money gets spent.

Gold, like other investments are bought for a financial return when sold, like stocks, bonds, other commodities, real estate, etc. So people shouldn't buy them because they are sometimes held for a period of time? Should people spend all they make and not save for their future, or retirement? Should they not buy a home because they can't "spend it"?

 

[regent]

"Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (consumer price index, adjusted value of $400 today) per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $193,548 today) or up to ten years in prison, or both."

He forced everyone to turn in their gold under threat of imprisonment and then enacted policy designed to raise inflation and devalue their savings.

He also issued an Executive Order that Congress had to override putting a 100% tax rate on income over 25,000 a year.

"On April 27, 1942, President Franklin D. Roosevelt asked Congress to cap the income that any one American could claim and keep. With the United States in "grave national danger," said Roosevelt, "no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year." That would be the equivalent of an income a bit above $200,000 today."

He had to settle for a maximum tax rate of 94%.

How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose time may have come again.

He issued more Executive Orders than Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush Sr., Clinton, Bush Jr., Obama, and Trump combined.

Franklin Delano Roosevelt was the worst president in the history of this country.

You should inform those historians that rate FDR as America's best president of your findings.

 

[RandomPoster]

"Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (consumer price index, adjusted value of $400 today) per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $193,548 today) or up to ten years in prison, or both."

He forced everyone to turn in their gold under threat of imprisonment and then enacted policy designed to raise inflation and devalue their savings.

He also issued an Executive Order that Congress had to override putting a 100% tax rate on income over 25,000 a year.

"On April 27, 1942, President Franklin D. Roosevelt asked Congress to cap the income that any one American could claim and keep. With the United States in "grave national danger," said Roosevelt, "no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year." That would be the equivalent of an income a bit above $200,000 today."

He had to settle for a maximum tax rate of 94%.

How About a Maximum Wage? : Taxation: F.D.R. wanted to cap incomes of the wealthy--an idea whose time may have come again.

He issued more Executive Orders than Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Bush Sr., Clinton, Bush Jr., Obama, and Trump combined.

Franklin Delano Roosevelt was the worst president in the history of this country.

You should inform those historians that rate FDR as America's best president of your findings.

Many approve of the same tyrannical collectivist policies I highlighted.

 

[Camp]

Have you heard of this thing we had called the great depression? The things FDR had to do to avoid a socialist revolution in America seems kind of harsh these days but there were no liquid assets to be had to restart the economy. The super rich had vaults full of the stuff that just sat there year after year doing nothing.

WW2 got us out of the depression. FDR's policies exacerbated it.

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the market crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

 

[RandomPoster]

WW2 got us out of the depression. FDR's policies exacerbated it.

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

 

[Camp]

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

Unemployment was 25% when FDR was inaugurated. By rhe beginning of WWII, he had reduced it to 10% and many of those were actually collecting paychecks from government work agencies, but still counted as unemployed because their jobs were considered "relief jobs".

 

[regent]

Yeah I've heard that one before. War spending is still government spending. The rich got taxed big time to pay for it too. The great depression was a problem of a loss of liquidity in the economy. Capitalism had failed because the capitalists were just sitting on their wealth. FDR saved the capitalist system from it's sins and got money flowing through the economy again by taxing static wealth. I see no alternative he could have taken.

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

 

[RandomPoster]

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

Unemployment was 25% when FDR was inaugurated. By rhe beginning of WWII, he had reduced it to 10% and many of those were actually collecting paychecks from government work agencies, but still counted as unemployed because their jobs were considered "relief jobs".

It was down to 10% at the time of Pearl Harbor, not at the start of the war. We had been selling materials to the Allies throughout the war and even in the years building up to the war. Unemployment was 17.2% at the start of the war and 19% the year before the war.

 

[regent]

Hoover and especially FDR made things worse by meddling. The Fed responded to a market crash by raising interest rates, Hoover and FDR raised taxes, and basically everyone involved made the problem worse.

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

So what plan did the Republicans put forth to solve the depression? The only one I know of was RFC. What is the Republican plan today to ease recessions?

 

[Camp]

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

Unemployment was 25% when FDR was inaugurated. By rhe beginning of WWII, he had reduced it to 10% and many of those were actually collecting paychecks from government work agencies, but still counted as unemployed because their jobs were considered "relief jobs".

It was down to 10% at the time of Pearl Harbor, not at the start of the war. We had been selling materials to the Allies throughout the war and even in the years building up to the war. Unemployment was 17.2% at the start of the war and 19% the year before the war.

When did WWII formally and officially begin for the USA?

 

[RandomPoster]

The real blame falls on banks and stock investments and how terribly dishonest they were. People lost faith in the economy because there was really no one to make them not just steal everyone's money. We now have faith in our financial institutions because of the kind of monetary policies FDR enacted. You know your money is safe in the bank, didn't used to be that way.

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

So what plan did the Republicans put forth to solve the depression? The only one I know of was RFC. What is the Republican plan today to ease recessions?

Like I said, Hoover failed miserably. Everyone involved meddled too much from raising interest rate, to raising taxes, to pumping up labor unions, and basically doing the opposite of what they should have done.

 

[RandomPoster]

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

Unemployment was 25% when FDR was inaugurated. By rhe beginning of WWII, he had reduced it to 10% and many of those were actually collecting paychecks from government work agencies, but still counted as unemployed because their jobs were considered "relief jobs".

It was down to 10% at the time of Pearl Harbor, not at the start of the war. We had been selling materials to the Allies throughout the war and even in the years building up to the war. Unemployment was 17.2% at the start of the war and 19% the year before the war.

When did WWII formally and officially begin for the USA?

Like I said, our economy started improving when Europe went to war and we could sell them goods. Also, we started our own military buildup in 1938 or so. That is why our economy started improving before Pearl Harbor. Pearl Harbor and us declaring war simply escalated it.

 

[Stormy Daniels]

Franklin Delano Roosevelt was the worst president in the history of this country.

I'll be sure not to vote for him next year.

 

[Camp]

That is such cocksucking BULLSHIT!!!

People had extra money because Coolidge did his job. They invested that extra money in the market and it grew like a motherfucker. What goes up...

Market correction.

FDR and his commie horde came in pointing the finger and using/abusing government power.

Commies must fucking hang!!!

Great Depression began with the marker crash of 1929, years before FDR was elected in 1932 and inaugurated in 1933.

I said he made it worse and caused it to drag on, not that he created it. Hoover and the Fed messed things up and then FDR came along and kept trying to spend his way out of the depression.

So what plan did the Republicans put forth to solve the depression? The only one I know of was RFC. What is the Republican plan today to ease recessions?

Like I said, Hoover failed miserably. Everyone involved meddled too much from raising interest rate, to raising taxes, to pumping up labor unions, and basically doing the opposite of what they should have done.

It's been 90 years and still no one can articulate what FDR should have done instead of what he did do.