Member-only story
A New System
Why Bitcoin Could be Banned or Criminalized in the Coming Years
Monetary system changes could become a big problem for Crypto fans
Many Americans are unaware that it was illegal to own gold in the United States from 1934 to 1974. The US was in the depths of the Great Depression that began in 1929, and the government and banks needed to shore up their financial soundness. Gold was nationalized. Executive Order 6102 was issued on April 5, 1933 under FDR (see newspaper clipping below) and Americans were required to report, then turn in, their gold bullion, certificates, and coins at the price of $20.67 per ounce. Americans were permitted to keep gold jewelry, and no more than $100 worth of gold. There were prosecutions for those who tried to get away with keeping larger amounts of gold stashed in secret.
I bring this up to remind you of the government we are dealing with, and the actions they take when times are excessively difficult. As you are aware, in 2020 we have entered into the second Great Depression.
With the history lesson over for now, let us discuss the issue at hand. Below I provide…
