How the Federal Reserve banksters stole our gold


From A Special Report on the National Emergency in the United States of America
Research of Dr Eugene Schroder


. . . in 1913, The Federal Reserve Act was passed, authorizing the creation of a [private] central bank, the thought of which had already been noted in the Constitution. The basic idea of the central bank was, among other things, for it to act as a secure repository for the gold of the people. We, the People, would bring our gold to the huge, strong vaults of the Federal Reserve, and we would be issued a note which said, in effect, that, at any time we desired, we could bring that note back to the bank and be given back our gold which we had deposited.

Until 1933, that agreement, that contract between the Federal Reserve and its depositors, was honored. Federal Reserve notes, prior to 1933, were indeed redeemable in gold. After 1933, the situation changed drastically. In 1933, during the depths of the Depression, at the time when We, the People, were struggling to stay alive and keep our families fed, the bankers began to say, “People are coming in now, wanting their gold, wanting us to honor this contract we have made with them to give them their gold on demand, and this contractual obligation is creating a national emergency.”

On March the 2nd, 1933, however, we find that Herbert Hoover had written a letter to the Federal Reserve Board of New York, asking them for recommendations for action based on the over-all situation at the time. The Federal Reserve Board responded with a resolution (Exhibit 15) which they had adopted, an excerpt from which follows:

    “Resolution Adopted By The Federal Reserve Board Of New York. Whereas, in the opinion of the Board of Directors of the Federal Reserve Bank of New York, the continued and increasing withdrawal of currency and gold from the banks of the country has now created a national emergency….”

. . . on March 4, 1933, Franklin Delano Roosevelt was inaugurated as President of the united States. On March 5, 1933, President Roosevelt called for an extraordinary session of Congress to be held on March 9, 1933, as can be seen in Exhibit 17:

    “Whereas, public interests require that the Congress of the united States should be convened in extra session at twelve o’clock, noon, on the Ninth day of March, 1933, to receive such communication as may be made by the Executive.”

On the next day, March 6 ,1933, President Roosevelt issued Proclamation 2039, which has been included in this report, starting at the bottom of Exhibit 8. In Exhibit 32, we find the following:

    “Whereas there have been heavy and unwarranted withdrawals of gold and currency from our banking institutions for the purpose of hoarding . . .”

Right at the beginning, we have a problem. And the problem rests in the question of who should be the judge of whether or not my gold, on deposit at the Federal Reserve, with which I have a contract which says, in effect, that I may withdraw my gold at my discretion, is being withdrawn by me in an “unwarranted” manner. Remember, the people of the united States were in dire economic straits at this point. If I had gold at the Federal Reserve, I would consider withdrawing as much of my gold as I needed for my family and myself a “warranted” action. But the decision was not left up to We, the People.

It is also important to note that it is stated that the gold is being withdrawn for the “purpose of hoarding”. The significance of this phrase becomes clearer when we reach Proclamation 2039, wherein the term “hoarding” is inserted into the amended version of Section 5 (b). The term, “hoarding”, was not to be found in the original version of Section 5(b) of the Act of October 6, 1917. It was a term which was used by President Roosevelt to help support his contention that the United States was in the middle of a national emergency, and his assertion that the extraordinary powers conferred to him by the War Powers Act were needed to deal with that emergency.

Where had our gold gone? Our gold had already been moved offshore! The gold was not in the banks, and when We, the People lined up at the door attempting to have our contracts honored, the deception was exposed. What happened then? The laws were changed to prevent us from asking again, and the military was brought in to protect the Federal Reserve. We, the People, were declared to be the same as public enemy and placed under military authority.

Going now to another section of 48 Statute 1 (Exhibit 35):

    “Whenever in the judgment of the Secretary of the Treasury such action is necessary to protect the currency system of the (U)nited States, the Secretary of the Treasury, in his discretion, may require any or all individuals, partnerships, associations and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals, partnerships, associations and corporations.” Notice now to whom we refer as “owning” the money!

By this Statute, everyone was required to turn in their gold. Failure to do so would constitute a violation of this provision, such violation to be punishable by a fine of not more than $10,000.00 and imprisonment for not more than ten years. It was a seizure. Whose property may be seized without due process of law under the Trading With the Enemy Act? The enemy’s. Whose gold was seized? Ours — the gold of the people of the united States. Are you seeing the fraud here now? Who did they make the ‘enemy’?  We the People!


The Federal Reserve criminals removed and shipped out all of the gold that was stored in their banks and then proceeded to steal the remaining gold that was physically in We the People’s possession. Rep Louis McFadden said of these criminals:

“Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”

Hence the people’s legitimate claims to their own gold became ‘hoarding’ and they were forced to surrender the gold in their possession to thieves at the behest of their new President (FDR) who aptly called this tragedy The New Deal. It certainly was a New Deal . . . for the international banksters and the Robber Barons. They hit pay dirt!

From Dr Schroder:

“To summarize briefly: On March 9,1933 the American people in all their domestic, daily, and commercial transactions became the same as the enemy. The President of the united States, through licenses or any other form, was given the power to regulate and control the actions of enemies. He made We, the People, chattel property; he seized our gold, our property and our rights; and he suspended the Constitution.

And we know that current law, to this day, says that all proclamations issued heretofore or hereafter by the President or the Secretary of the Treasury are approved and confirmed by Congress.”


Editor’s comments:

Now we know why in 2008 when Secretary of the Treasury Hank Paulson ordered Congress to bailout the banksters . . . they had no choice. But to this day, according to Rep Ron Paul, no one really knows for sure where America’s gold actually is or whether or not it has been shipped out of the country.


For more info see the Congressional Record of Mar 9, 1933

The Federal Reserve – a Criminal Cartel

Great short video: The American Dream


7 responses to “How the Federal Reserve banksters stole our gold

  1. Pingback: Minimum Wage Again - Page 7 - Harley Davidson Forums: Harley Davidson Motorcycle Forum

  2. Reblogged this on Loveinlaw's Blog and commented:
    timeline 4*4*2015

  3. Professor Rothbard explains this problem really good in a book “What have government done with our money”

  4. This is Critical Information…Please make sure you copy & save it…the web site that I originally got this article from had top documented information… the article was removed & the whole web site…unfortunately…the information there was amazing…exposed so many areas..

    google the title ( if the link doesn’t go through)
    ….Bank For International Settlements (BIS): How The Rothschilds Control And Dictate To The World.
    “17 Mar 2010 … The list below shows 165 different ways how The First Sphere of Influence … Our own Federal Reserve is an illegally emplaced private bank that is directly responsible … The Rothschild-Owned Central Banks of the World ..

    best to you

  5. This is not an easy question to answer. I will defer to research posted on Bob Hardison’s brilliant web site Barefoot’s World. This is from his page “Who is Running America”.

    Rothschild Bank of London
    Rothschild Bank of Berlin
    Warburg Bank of Hamburg
    Warburg Bank of Amsterdam
    Lazard Brothers of Paris
    Israel Moses Seif Banks of Italy
    Chase Manhattan Bank of New York
    Goldman, Sachs of New York
    Lehman Brothers of New York
    Kuhn Loeb Bank of New York

    I wholeheartedly recommend that folks read the “Who is Running America” page. There is a mountain of information there that helps explain what has happened to our Constitution and our legal system.

    “The concept of DEBTORS and CREDITORS is very important to understand.

    Every legal action where you are brought before the court: e.g. traffic ticket, property dispute or permits, income tax, credit cards, bank loans or anything else government might dream up to charge you where you find yourself in front of a court. It is an equity court, administrating commercial law having a debtor-creditor law as the controlling law. Today, we have an equity court but not an equity court as defined by the Constitution of the United States or any other legal documents before 1938.

    All the courts of this once great land have been changed starting with the Supreme Court decision of 1938 in ERIE V. THOMPKINS. I’ll give you background which led to this decision. There is a terrible FRAUD being perpetrated on all Americans. Please understand that this fraud is a 24 hour, 7 days a week, year after year continuous fraud. This fraud is constantly upon you all your life. It doesn’t just happen once in a while. This fraud is perpetually and incessantly upon you and your family. ”


  6. If the FED is a private bank, then who are the owners of the FED?

  7. The year 1913 will soon become very important to all Americans.

    Remember, “The duty of a patriot is to protect his country from it’s government”. Thomas Paine

    Might need to read a new book that’s about Americans finally taking a stand against corrupt government (as we witness in Tunis/Egypt/Bahrain now). It’s a thriller that I recommend as a thriller & about each of us.

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