by John Galt
February 26, 2013
Way, way, way, way, back in U.S. history, a lesson was learned in 1933 with the issuance of Executive Order 6102 by Obama’s model, Franklin Delano Roosevelt:
The President used his powers and disputes of the historical account about “seizing” safety deposit box contents have ensued to this day. The rumors of such confiscatory actions by the I.R.S. led some citizens to voluntarily comply and pull their gold from their bank safety deposit boxes and turn the metal in for fiat funny money rather than face the risk of criminal charges.
Fast forward to 2008, where states began to analyze the idea of closing budget gaps and using their police powers to seize so-called inactive or “unclaimed” boxes from legitimate owners to sell off the assets and add to their state’s treasuries. ABC News highlighted this story on March 12, 2008 when they actually cared to report a little actual news: