Progressive Democrats gaining ground in mainstream politics have secretly floated a “wealth redistribution” plan that goes beyond reforming tax codes to levy cash from the wealthy.
In addition to increasing taxes on working households, radicals like AOC and Mamdani favor reigniting gold confiscation as a roundabout way to take from the rich to reimburse the poor.
In 1933, President FDR signed Executive Order 6102 to mitigate severe economic deflation during the Great Depression. The order compelled citizens—under penalty of prison and fines—to surrender almost all privately held gold coins, bullion, and certificates to the Federal Reserve.
The government arbitrarily revalued gold at $20.67 per troy ounce, and paid that amount to citizens surrendering the precious metal. The executive order forbade people from keeping more than five ounces, and “hoarders” faced a $10,000 ($180,000 in today’s dollars) fine and up to ten years in prison.
A year later, after the surrender deadline, Congress reset the price of gold to $35/ounce, locking in a massive profit. While the government netted billions that helped end the Great Depression, generational families whose assets derived from the late 19th-century Gold Rush suddenly found themselves impoverished as their only tangible asset evaporated.
We mention the above because there is a historical precedent for gold confiscation, and history tends to repeat itself.
RRR reports: AOC, Abdul El-Sayed, and Ilhan Omar had a conference call on August 24, on which they discussed the possibility of mandating gold confiscation if a progressive Democrat captures the White House in 2028.
The odds of that happening, however, remain slim. AOC is the only social justice Democrat with enough time in Congress to pitch a presidential bid, and she hasn’t because the feud between progressive and establishment Democrats is just as volatile as the one between the Democratic and Republican parties. The feasible, presumptive Democratic hopefuls—the Gavin Newsom clone, Andy Beshear, Josh Green, J.B. Pritzker, and Phil Murray—are foundation (AIPAC-funded) Democrats with no love for the Squad.
Nevertheless, the ultra-left-wingers envision future rather than immediate benefits.
“We have to talk about this honestly, and right now, today, these socialist/communists are a minority, but they’re doing a really good job of recruiting young people to their cause by way of social media influencers like Hassan Piker, who has almost 10 million followers across his platforms. Don’t be surprised if in 2032, that communist bastard Zohran Mamdami runs for president, wins, and signs a new EO telling people to give up their gold,” our source said.
On the conference call, our source said, both AOC and Abdul El-Sayed agreed that confiscating gold—especially at today’s prices—would imbue the government with trillions of dollars to compensate, via reparations, millions of Hispanics, Blacks, and Muslims who suffered unimaginable indignities under President Trump’s administrations.
“Take gold, give the proceeds to minorities,” our source said.
“This could be the future unless we fight to stop it. A lot more people invest in gold now than they did back in the 1930s, and they’re talking about re-strengthening FEMA to enforce confiscations. That’s why it’s so important Republicans and conservatives get out and vote now. We don’t need apathetic voters. The future of our civilization literally depends on making sure these communists never get power.”