SARTRE, Contributing Writer
Activist Post
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.
Back in 1966 Alan Greenspan wrote in The Objectivist, Gold and Economic Freedom.
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.
So how much gold is there above ground?
Total value in U.S. Dollars = 7 Trillion, 581 Billion, 608 Million, 876 Thousand and 688 Hundred Dollars of all gold worldwide. |
“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”.
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.
“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”.
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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. |
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”.
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.
Original article archived here
SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit’s formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. SARTRE is the publisher of BREAKING ALL THE RULES. Contact [email protected]
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