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14 Carrots

by Richard (Rick) Mills, Ahead of the Herd:

As a general rule, the most successful man in life is the man who has the best information

“14 Carrot Rabbit” is an animated cartoon featuring Bugs Bunny and Yosemite Sam.

The story begins with an old man named Louie successfully gold panning on his claim. Chilkoot Sam (Yosemite Sam) of nasty reputation and carrying a gun, scares Louie away and claims his gold. Chilkoot Sam gets ten bucks for the gold from Pierre at the “Next To Last Chance Saloon.” Sam is extremely unhappy to receive only $10 for ‘his’ gold. However something happens right in the middle of his violent tirade that makes him forget about his poor payday – Bugs Bunny staggers in with a huge gold nugget he trades for a few measly carrots. After Bugs takes his leave, Sam asks Pierre where the carrot cruncher got his gold. All Pierre can tell him is that the bunny gets a ‘funny feeling’ when he’s near gold.

Executive Order 6102

On April 5, 1933, President Roosevelt signed Executive Order 6102 making the hoarding of gold certificates, coins and bullion illegal by American citizens, forcing them to sell their gold to the Federal Reserve. The value of the gold held by the Federal Reserve increased from $4 billion to $12 billion between 1933 and 1937.

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