Via ITM Trading
In 1933, Washington needed gold it didn’t have. Roosevelt signed Executive Order 6102, and Americans handed theirs over under threat of fines and prison. The next year, 6814 came for the silver. Then they revalued the metal and devalued the dollars you were paid with. (A fair trade, if you weren’t the one holding the receipt.)
Now the government is invoking Defense Production Act authority over materials it deems critical, in a determination that openly concedes there may not be enough to go around for both defense and civilians. Guess who wins that tiebreaker.
Taylor Kenney walks the timeline: from mapping where the materials come from, to national security priority, to blocking private exports outright. Weeks, not years.
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[ H/T The Burning Platform ]
In 1933, Washington needed gold it didn’t have. Roosevelt signed Executive Order 6102, and Americans handed theirs over under threat of fines and prison. The next year, 6814 came for the silver. Then they revalued the metal and devalued the dollars you were paid with. (A fair trade, if you weren’t the one holding the receipt.)
Now the government is invoking Defense Production Act authority over materials it deems critical, in a determination that openly concedes there may not be enough to go around for both defense and civilians. Guess who wins that tiebreaker.
Taylor Kenney walks the timeline: from mapping where the materials come from, to national security priority, to blocking private exports outright. Weeks, not years.
Tweet
Continue reading...
[ H/T The Burning Platform ]
