👮🏻♂️ The Executive Order signed by President Franklin D. Roosevelt on April 5, 1933, required citizens to turn over all their gold (coins, bars, and certificates) to the government by May 1 of that year.
📉 This measure was enacted in the context of the Great Depression, which began in 1929, with the goal of stabilizing the financial system and increasing federal currency reserves.
⛓️ The law prohibited the private possession of gold beyond a small amount allowed for personal or collector use, and provided for stiff penalties or even imprisonment for violators. In some cases, the government resorted to using the army to continue the process of confiscating gold from its citizens.
🔍 This date was chosen by Satoshi Nakamoto as a reminder that governments always have a way of controlling everything and everyone, without privacy and problems, mind us.
🟠 Bitcoin fixes this!
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