Government is Stealing from its People - check this out!
I didn't research the particulars - but it comes from a reliable post!
"the U.S. government is doing its best to steal them from its citizens… A jury ruled yesterday that the U.S. Mint could keep 10 rare gold coins it confiscated from the heirs of a Depression-era coin dealer, Israel Switt.
The government alleges Switt obtained the coins in question, 1933 Double Eagles (which are worth millions of dollars), illegally more than 70 years ago.
When the coins were minted in 1933, President Franklin D. Roosevelt ordered the Mint to stop releasing gold to combat the Great Depression. But some slipped through (one sold at a 2002 Sotheby's auction for $7.6 million). Switt's daughter found the 10 gold coins in a safety deposit box in 2003, then sent them to the Mint to be authenticated. The Mint seized the coins, saying they were "U.S. property." There's of course no evidence Switt obtained the coins illegally. But our government is stealing them anyway."
The government is supposed to be offensive. It really is the only institution that does it's job efficiently all the time.
The private sector is supposed to do all it can to keep government at bay, it fails miserably. To have a government this size is a crime, way beyond ignorance.
It sucks the government confiscated these coins, but the real thing that suxks is all the people who could careless or worse, cheer the government for doing it.
Switt's daughter found the 10 gold coins in a safety deposit box in 2003, then sent them to the Mint to be authenticated.
That coin is the Saint Gaudens 1933 $20 gold piece. It never went into circulation.
If the lady had consulted any lawyer who is savvy about the ownership of US gold coins that person would have told her to keep it to herself. Any collector of US gold coins could have told her the same thing.
A federal jury ruled in the favor of the US in this case:
But as for rights - you know with the passage of the TARP, the US Treasury now has emminent domain powers over every single paper asset. They can tell you what its worth and pay you that price and you can't say boo!
They did not restrict that to banks or troubled paper assets - it included all assets.
TARP was enacted with a republican president and personal rights lost.
Though the article said that Switt had been investigated twice, it didn't say that he was ever convicted.
He was a jeweler, did they prove that he stole the coins? How do they know that he didn't receive them as payment for goods? Goods possibly sold to a big shot at the mint.
Also, if another coin had sold at auction why was that one not confiscated too? It would seem that all of them were illegal to own. Something here doesn't add up to me.
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Those who hammer their guns into plows, will plow for those who don't~ Thomas Jefferson~ Today's mighty oak is just yesterday's nut that held it's ground~Unknown~Just because your offended doesn't mean your right~Unknown.
In 1937, U.S. officials seized nearly 100 pre-1933 double eagles from him as he prepared to board a train to Baltimore to meet with a coin dealer. Switt said he knew it was illegal to possess the gold coins, and said he had eventually planned to surrender them, according to a ruling issued by the trial judge this week.
In 1944, the Secret Service traced 10 separate double eagle coins that had surfaced to Switt. He acknowledged selling nine of them, but said he did not recall how he had gotten them. The statute of limitations prevented authorities from prosecuting Switt.
Those coins belonged to the government to start with. They were stolen years ago. In this case they were right I believe. Just because it was years ago doesn't matter.
Government is Stealing from its People - check this out!
