http://www.infowars.com/the-after-the-fed-...rs-vs-goldbugs/
I came across this article. I strongly recommed reading it; there's already some comments praising Bill and Money Masters and SOZ. It goes over Gary North's attack on Ellen Brown, and community debate regarding greenbackers and goldbugs.
Even the banking mafia admits the game is probably over with the Fed. The debate is now turning to what should replace it. This is probably the most important decision in the history of humanity, and it's critical our message gets out on this issue.
There's also an article in defense of Ellen Brown linked into it; which is here.
http://realcurrencies.wordpress.com/2010/1...of-ellen-brown/
I came across this article. I strongly recommed reading it; there's already some comments praising Bill and Money Masters and SOZ. It goes over Gary North's attack on Ellen Brown, and community debate regarding greenbackers and goldbugs.
Even the banking mafia admits the game is probably over with the Fed. The debate is now turning to what should replace it. This is probably the most important decision in the history of humanity, and it's critical our message gets out on this issue.
There's also an article in defense of Ellen Brown linked into it; which is here.
http://realcurrencies.wordpress.com/2010/1...of-ellen-brown/
-David
_______________________________________
Eric Blair has posed an interesting question and I hope that as monetary reformists, “gold bugs” and “greenbackers” can unite under a common purpose. Even united, our numbers are small and time is running out.
Respectfully, I think Eric has missed the bigger issue that must be addressed as the specie of money is a secondary or tertiary concern.
Henry C.K. Liu frames the issue as sovereign debt versus sovereign credit and Byron Dale suggests it is between debt money and wealth money. Either terminology contrasts the fundamental choice.
Simply put, our sovereign nation may issue bonds (instrument of debt) or equally dollars (instrument of credit/wealth). In either case, we as a nation solely back up every dollar or bond. Thomas Edison explains the difference much better than I ever could:
“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also…Both are promises to pay, but one fattens the usurers and the other helps the people. If the currency issued by the Government was no good, then the bonds would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges…”
http://www.michaeljournal.org/appenD.htm
Why should we borrow, solely with our credit and collateral, from banks that have no money – instead they hold a monopoly given by us to monetize debt – for virtually free.
If we can agree on this important fundamental, then the specie of money and implementation become the next issues to be discussed.
The specie of money really doesn’t matter if we choose to continue with the privately owned debt based system (Federal Reserve). Essentially, we rent our money and do not own it. This becomes more clear when we recognize that all money is temporary, it is created as debt and destroyed upon principal debt repayment.
If we create our own money as a nation, then the specie of currency may matter. But, I suggest that the United States does not have near enough gold to back a national currency so the point is mute.
At best, the United States may hold 8,100 metric tonnes of gold which is woefully inadequate – see my post linked below for more concise numbers:
http://webofdebt.wordpress.com/2010/10/08/...h/#comment-9678
Why do I suspect that the U.S. doesn’t have even 8,100 metric tonnes of gold? Three reasons:
1) Did the U.S. “sell” 5,000 tonnes of gold between 2007 and 2008?
“The United States Geological Survey [USGS] publishes monthly Mineral Industry Surveys designed to provide a macro-import/export-overview of the U.S. precious metals [gold] industry. The data in these surveys is supplied to the USGS principally by industry trade groups such as the World Gold Council as well as official sources like the U.S. Census Bureau.”
3,000 tonnes sold in 2008
http://minerals.usgs.gov/minerals/pubs/com...200902-gold.pdf
2,000 tonnes sold in 2007
http://minerals.usgs.gov/minerals/pubs/com...200802-gold.pdf
2) Evidence that the gold disappeared during the 1960s
“While the US pretends to own some gold, the question is have we been lied to about US gold holdings? In other words, are the gold reports from the US all paper stories which lack any presence in actual physical gold?
Starting in the late 1960s and continuing on until the 1980s, a number of prominent Americans began to question the official US government and Fed news releases about the status of the US gold supply–most of which was allegedly secured in vaults at Fort Knox, KY.
In his book on “Critical Path,” the well known and respected Buckminister Fuller argued that most or all of the gold allegedly stored at Fort Knox had been whisked out of the US by the late 1960s. Journalist Tom Valentine picked up on the story in the 1970s and said that all of the world-trade gold had been removed from Fort Knox in 1968, leaving behind only some poor quality, orangish-looking, melted down, gold coin metal from the government seizure of 1934.
Also, in the 1970s, a vey intelligent and perceptive man named Edward Durrell began looking at the official US and Fed statistics and data on gold. He did some simple arithmetic of starting with the alleged balances and adding and subtracting additions and removals. Inevitably, he kept coming up with ending balance numbers which did not equal the alleged balances per the US authorities.
However the most prominent person to speak out on the missing gold was Dr Peter Beter (1921-1987), who was an official with the US government during the rule of JFK in the early 1960s. As was true with others, Beter claimed that most of the Fort Knox gold had been removed and was no longer stored there.”
http://news.goldseek.com/GoldSeek/1222841340.php
3) Has the private Federal Reserve actually owned all U.S. gold since or before our bankruptcy of 1933?
http://jessescrossroadscafe.blogspot.com/2...ave-in-its.html
One thing that troubles me is that some gold bugs would prefer an international currency partially backed by gold rather than the U.S. reasserting its sovereignty and financial independence by issuing its own national currency.
For example, at the “Single Global Currency Association” website, a Ron Paul quote appears on the same page as quotes from the BIS, Alan Greenspan, Paul Volcker and the Federal Reserve. Ron Paul is quoted from the Congressional Record…
“There’s nothing to fear from globalism, free trade and a single worldwide currency…. The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights…. The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation.”
http://www.singleglobalcurrency.org/governments.html
If we want to take back our republic, we must be first be financially independent and free from the debt slavery of the international banking cartel.
Larry L
Respectfully, I think Eric has missed the bigger issue that must be addressed as the specie of money is a secondary or tertiary concern.
Henry C.K. Liu frames the issue as sovereign debt versus sovereign credit and Byron Dale suggests it is between debt money and wealth money. Either terminology contrasts the fundamental choice.
Simply put, our sovereign nation may issue bonds (instrument of debt) or equally dollars (instrument of credit/wealth). In either case, we as a nation solely back up every dollar or bond. Thomas Edison explains the difference much better than I ever could:
“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also…Both are promises to pay, but one fattens the usurers and the other helps the people. If the currency issued by the Government was no good, then the bonds would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges…”
http://www.michaeljournal.org/appenD.htm
Why should we borrow, solely with our credit and collateral, from banks that have no money – instead they hold a monopoly given by us to monetize debt – for virtually free.
If we can agree on this important fundamental, then the specie of money and implementation become the next issues to be discussed.
The specie of money really doesn’t matter if we choose to continue with the privately owned debt based system (Federal Reserve). Essentially, we rent our money and do not own it. This becomes more clear when we recognize that all money is temporary, it is created as debt and destroyed upon principal debt repayment.
If we create our own money as a nation, then the specie of currency may matter. But, I suggest that the United States does not have near enough gold to back a national currency so the point is mute.
At best, the United States may hold 8,100 metric tonnes of gold which is woefully inadequate – see my post linked below for more concise numbers:
http://webofdebt.wordpress.com/2010/10/08/...h/#comment-9678
Why do I suspect that the U.S. doesn’t have even 8,100 metric tonnes of gold? Three reasons:
1) Did the U.S. “sell” 5,000 tonnes of gold between 2007 and 2008?
“The United States Geological Survey [USGS] publishes monthly Mineral Industry Surveys designed to provide a macro-import/export-overview of the U.S. precious metals [gold] industry. The data in these surveys is supplied to the USGS principally by industry trade groups such as the World Gold Council as well as official sources like the U.S. Census Bureau.”
3,000 tonnes sold in 2008
http://minerals.usgs.gov/minerals/pubs/com...200902-gold.pdf
2,000 tonnes sold in 2007
http://minerals.usgs.gov/minerals/pubs/com...200802-gold.pdf
2) Evidence that the gold disappeared during the 1960s
“While the US pretends to own some gold, the question is have we been lied to about US gold holdings? In other words, are the gold reports from the US all paper stories which lack any presence in actual physical gold?
Starting in the late 1960s and continuing on until the 1980s, a number of prominent Americans began to question the official US government and Fed news releases about the status of the US gold supply–most of which was allegedly secured in vaults at Fort Knox, KY.
In his book on “Critical Path,” the well known and respected Buckminister Fuller argued that most or all of the gold allegedly stored at Fort Knox had been whisked out of the US by the late 1960s. Journalist Tom Valentine picked up on the story in the 1970s and said that all of the world-trade gold had been removed from Fort Knox in 1968, leaving behind only some poor quality, orangish-looking, melted down, gold coin metal from the government seizure of 1934.
Also, in the 1970s, a vey intelligent and perceptive man named Edward Durrell began looking at the official US and Fed statistics and data on gold. He did some simple arithmetic of starting with the alleged balances and adding and subtracting additions and removals. Inevitably, he kept coming up with ending balance numbers which did not equal the alleged balances per the US authorities.
However the most prominent person to speak out on the missing gold was Dr Peter Beter (1921-1987), who was an official with the US government during the rule of JFK in the early 1960s. As was true with others, Beter claimed that most of the Fort Knox gold had been removed and was no longer stored there.”
http://news.goldseek.com/GoldSeek/1222841340.php
3) Has the private Federal Reserve actually owned all U.S. gold since or before our bankruptcy of 1933?
http://jessescrossroadscafe.blogspot.com/2...ave-in-its.html
One thing that troubles me is that some gold bugs would prefer an international currency partially backed by gold rather than the U.S. reasserting its sovereignty and financial independence by issuing its own national currency.
For example, at the “Single Global Currency Association” website, a Ron Paul quote appears on the same page as quotes from the BIS, Alan Greenspan, Paul Volcker and the Federal Reserve. Ron Paul is quoted from the Congressional Record…
“There’s nothing to fear from globalism, free trade and a single worldwide currency…. The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights…. The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation.”
http://www.singleglobalcurrency.org/governments.html
If we want to take back our republic, we must be first be financially independent and free from the debt slavery of the international banking cartel.
Larry L
No comments:
Post a Comment