4.7 • 5.1K Ratings
🗓️ 27 October 2025
⏱️ 34 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | In 1933, under the veil of the Great Depression, the U.S. government did something unthinkable. |
| 0:06.0 | They made it illegal to own gold. |
| 0:09.0 | Executive Order 6102. |
| 0:11.0 | It didn't just ask people to turn in their gold, it demanded it. |
| 0:16.0 | Every coin, every bar, every certificate. |
| 0:19.0 | And if you didn't comply, you faced 10 years in prison and a $10,000 |
| 0:25.1 | fine. What was even more terrifying than the act itself is the reason for it. The goal wasn't to |
| 0:32.5 | have the gold, it was to reprice it. So one year later, the Gold Reserve Act of 1934 was passed, giving the government |
| 0:40.9 | the power to jack up the price of gold, taking it from $20.67 an ounce to $35 an ounce. |
| 0:51.4 | It doesn't sound like a big deal, but in fact, as you're going to see, it's one of |
| 0:56.4 | the most immoral things the government has ever done. Why? Because they had to reprice |
| 1:03.6 | gold, because they had spent years counterfeiting their own currency. It's a practice known |
| 1:09.8 | as money printing, but if you want to understand its effects, |
| 1:13.6 | just think of it as legal counterfeiting. By creating debt, you create a bunch of new money, |
| 1:20.6 | but the only way to create money without creating a problem is to create it in the same amount as the businessmen create |
| 1:30.4 | things people actually want to buy get that balance wrong and prices go up because everyone now has |
| 1:38.8 | more money but there's not more stuff to buy so So people will pay extra for what there is. |
| 1:45.4 | If there's only one pizza in existence |
| 1:47.7 | and everyone has a million dollars, |
| 1:49.8 | suddenly pizza becomes worth a lot more. |
| 1:53.1 | So with EO 6102, a single stroke of the pen |
| 1:57.4 | stole 41% of the dollar's value. I would tell you to imagine it, to imagine what it would |
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