"You can own silver and gold but never any
fiat currency issued by someone else" Peter Cajander
The
Rule of Gold after the Financial Collapse
In a secular world, the operative "Golden
Rule" is "He Who Has the Gold Makes the Rules". The condition of the global financial banking system is untenable.
The aggregate amount of debt worldwide is anyone’s guess. The introduction of derivatives and counter claims pushes
the chain of obligations into the unknown. All that is left is for central banks to create mountains of uninterrupted counterfeit
money to roll over and delay the inevitable. The IMF chart of World Currency Reserve is a skyrocket line to oblivion. It does not reflect
a healthy stockpile of treasure, but certainly manifests a new debt machine running to infinity. The Bullion Vault explains this reality in the following manner.
"Sure, the Fed can create money. But it can't create credit (from the Latin credere,
"to trust, have faith"). And it sure as hell can't let America's outstanding debts – both private and public
– simply get written off now, neither at home nor abroad. Not after all that crashing and banging in ER from 2007-09.
So never mind the record-large cash pile sitting at non-financial corporates. Never
mind that their problem is too much debt, not the $1.8 trillion in cash they've already got. Never mind the 50-fold growth
since 2007 to $1 trillion in US banks' cash holdings either. Again, debt is their problem – not a lack of money –
but it doesn't matter. New money is the only fix Dr. Ben now has to hand (he's all out of interest-rate cuts). So those foreign
reserves, US corporates and domestic banks already drowning in money will get flooded with more".
Back in 1966 Alan Greenspan wrote in The Objectivist, Gold and Economic Freedom.
"Under a gold standard, the amount of credit that an
economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on
some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of
future tax revenues, and cannot easily be absorbed by the financial markets".
Since
the gold standard was abandoned worldwide, the banksters have run wild. So who owns all the gold? Part of the answer is that
the official sector holds much less, than one might think.
Wealth Daily concurs with the Dollar Daze list of largest holders of bullion - United States, Germany, International Monetary Fund, Italy, France, SPDR
Gold Shares, China, Switzerland, Japan and Netherland, rank as the top ten.
"Central
banks and multinational organizations (such as the International Monetary Fund) currently hold just under one-fifth of global
above-ground stocks of gold as reserve assets (amounting to around 30,500 tonnes, dispersed across 110 organisations). On
average, governments hold around 10% of their official reserves as gold, although the proportion varies country-by-country".
Total
value in U.S. Dollars = 7 Trillion, 581 Billion, 608 Million, 876 Thousand and 688 Hundred Dollars of all gold worldwide.
US Mint says there is 147.3 million troy ounces of gold in Fort Knox
Since the US Mint reports that Fort Knox stores 147.3 million troy ounces, current redemption in U.S. Federal reserve notes would be approximately
$366,261,298,432. That is a drop in the bucket against the outstanding Federal obligations, which exceed world GDP. Then there is the question of exactly how much gold remains in government hands or
if the bullion is actually good delivery gold. View the video there is no Gold at Fort Knox for an alarming report. Have you ever wondered why the Federal Reserve and their
co-conspirer central banks for decades waged a war against gold? The Paper Empire sums up quite nicely.
"The Federal Reserve is arguably the most
powerful institution in the world as it maintains the sole legal right to counterfeit the world’s reserve currency without
limit and without oversight. This allows them to bail out the too big to fail banks, manipulate currencies, support foreign
central banks and corporations and allow near endless government spending above and beyond what the government can pay for
through direct taxation. A true, enforceable gold standard would put an immediate end to all of that".
IMF-controlled central banks are allowed to report their gold
certificates (paper that represents the gold that they have “leased out” or dishoarded) in the same column on
their balance sheets where the gold reserves themselves are reported.
Now examine the seamy history of IMF gold
sales. The next video, The IMF sold Gold plated tungsten bars to India, illustrates why the international banking system needs to be eliminated. The Gold-plated tungsten bars scandal is about to erupt. Imagine the chaos among banking circles when governments become aware of a bait
and switch delivery fraud.
If all the gold in the world has a current value of less than eight
trillion dollars, how much could be bought by the Forbes 2011 Billionaires List, which breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). How much do
they already own?
What is never disclosed in official statistics of wealth ownership are the names of the true underworld
bosses of the global controllers. The shadow manipulators conceal the extent of their money hordes. Most public lists painstakingly
omit the master criminals. Their plan is to buy real assets with counterfeit notes obtained through illicit profits from rigged
markets and phony financial derivative instruments.
When the banking system finally collapses with mathematical certitude
from the burden of compound interest, these same crooks will be prepared to provide a specious substitute. The schemes described
in IMF Plotting Gold-Backed SDRs?, make the following point.
"The IMF is about as likely to help individual
European countries subvert the euro via gold as it is to encourage debtor countries not to honor banking their debts. The
IMF is a creature of the power elite, and it will always remain so, in our opinion. But none of this militates against the
idea of the IMF backing its OWN currency (SDRs) with gold".
Since 1999, the bulk of sales from central banks have been
regulated by the Central Bank Gold Agreement/CBGAs which have stabilised sales from 15 of the world's biggest holders of gold.
Significantly, gold sales from official sector sources have
been diminishing in recent years. Net central bank sales amounted to just 41 tonnes in 2009.
A most revealing fact is that central
banks and governments do not possess the bulk of gold supplies. The World Gold Council publishes an astounding pie chart, 83% of above ground stocks are in the
hands of industry, investment and jewelry concerns. This overwhelming percentage points to an alternative to the fiat paper
debt created banking tyranny.
Only individual ownership
of gold, directly in your own possession can preserve any store of value when the next Draconian level of the Totalitarian Collectivism system is imposed after the financial meltdown hits in earnest.
"When
individuals acquire gold in mass, politicians will be forced to address the public debt, and the true extent of the unconscionable
confiscatory taxation condition that we all suffer. Limited government can be achieved, but must be based upon a currency
that has gold convertibility. There lies the answer, keep enough gold to insist that real money will replace phony Fed notes.
Nothing less will restore a store of value or a nation of free citizens".
Remember
that tyrannical regimes are always arbitrary. Executive Order 6102 was signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding
the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens. This kind of blatant violation of the
U.S. Constitution is routine. Citizen ownership of gold could very well become illegal again. However, if it is, you will
already know you are a pawn in a fascist state.
The risk banning gold ownership and government
confiscation is always real for individuals. However, the prospects of rounding up gold bullion as contraband from banking
institutions or the chosen and privileged financial elite, would require a coup d'état. The establishment will sacrifice
hundreds of millions of expendable serfs, before it relinquishes the reins of superiority over the humble taxpayer.
An
underground barter economy will thrive, while it is condemned as a black market. Any attempt to substitute new money with
a gold component, must allow for unlimited convertibility for it to be a legitimate monetary system. As long as the same globalists
retain political rule, you can bank on the scheme proposed to be another sophisticated attempt to rob and enslave you, all
over again.
Douglas Herman offers up four possible scenarios, the best of which requires an old currency recall, and replacement with
new species money. The other theories feed into the control matrix of the globalists to implement even greater despotic methods
of servitude. Intentional civil unrest provides opportunistic excuses to herd the cattle into the pens of slaughter. Just
owning private gold will not protect citizens adequately, until the gold hordes of the elite are stripped from their control.
The decisive test remains the same, who has the bullion makes the rules, with one caveat.
If you are so foolish to accept the next new-fangled money hoax from the same banksters who brought you their planned global
collapse, you deserve to be a slave. Business wealth creators need to lead the charge to abolish the phony debt created money
monopoly. Financial Armageddon lays at the feet of humanity. Gold alone will not save you, but it will allow the means for
rebuilding a society free of banksters’ tyranny, only, if you have the courage to remove their ilk from all seats of
power and government.
"Gold is still
the ultimate store of wealth. It's the world's only true money. And there isn't much of it to go around. All of it ever mined
would fit into a small building - a 56 foot cube. The annual world production would fit into a 14 foot cube, roughly the size
of an ordinary living room. If each Chinese citizen were to buy just one ounce, it would take up the annual supply for the
next 200 years". - Mark Nestmann
