Tag Archives: Gold window

BANK RUN

7 Comments

bankrun.png

They lined up, but the doors were closed. Citizens, honest tax paying citizens, the salt of the earth type were told that their money was not there. Scammed by bankers the vault was empty. The depression was in full force, the economy imploding, bankruptcy for many inevitable.

EXECUTIVE ORDER 6102, issued by US president Franklin Delano Roosevelt 80 years ago, on April 5th 1933, banned private gold ownership in the United States, forcing gold owners to take their bullion to a bank and exchange it for Dollars at the prevailing rate.

Think about it, the Federal Government of the United States, in broad daylight confiscated the wealth of its citizens. This enabled the government to transfer power to the Federal Reserve, they then began the printing of fiat money with abandon. Why? To perpetuate the lying and the deceit of their hidden agenda. What is that agenda: to retain their political power above all else. However, the day has come to stop the charade.

One look at the price of gold, in the mid $1100 per ounce is a tell tale sign of what is to come. Prognosticators predicted, that’s what they do, that gold would be selling for $300 today. Inflation is zero, the economy is in intensive care, (very serious- negative interest rates are in the discussion) interest rates are zero; the question is then why is gold selling where it is?

The answer, the world is in turmoil and the government, our government, every government around the world cannot be trusted. Printing money is not the answer, it is the problem. Your politicians are not there to help you, they are there to deceive you.

The day is close at hand where the United States will no longer be able to sell their fiat paper and then the window will close once again, gold will skyrocket, maybe to $20,000 or more. No one knows what will happen, but be sure to protect yourself from the criminals in Washington D.C. Insurance is what you need.

An added note, those people in Illinois who have winning lottery tickets worth more than $600 can’t cash them in, given IOU’s. Read about the story here. Think about it, that is what our $$$’s are IOU’s.

GOVERNMENTS AFRAID OF GOLD? YOU BETCHA!

9 Comments

Since 1971 when Nixon closed the gold window, governments have been free to print fiat money and spend at will. Why not, no one will stop them. Secondly this keeps the politicians in power. Without handouts to one constituency or another no one would vote for an incumbent.  What is confusing to us is why do governments bring up the gold subject so often? This does not make sense. This action is similar to digging up an old body looking at for a moment or two then covering it over until next time.

The main reason governments bring up the dead is because they fear them and so it is with gold. Suppose gold never existed, what would prevent governments for printing as much wallpaper as their pretty heart desires? Nada! Like a governor on a car, the shadow of gold keeps the thief within certain parameters.  Gold is the invisible hand restraining governments from going off the deep end as did Weimar in the 1920’s.   Picture of a 5 trillion dollar note.

When government loses their credibility, a REVOLUTION is ready to fill the gap.

The old saying went like this, “when the United States sneezes, the world catches a cold.” The world is now topsy turvy, today the world looks at China not the United States for the sign of a sneeze. What appears to be the onset of more than a whiff of a sneeze in China has caught the attention of the developed and undeveloped world. First sign of problems were the ghost cities, then the unrestrained growth forecasts then went thud, then came the everyday speculators who went whole hog buying stocks in a frenzy. Then came the recent missed economic forecasts which sent up a red flag. Then out of nowhere the China crash, stocks imploded in a flash. Instead of letting the free market take care of the problem, the government decided to be the purchaser of last resort. But they were not through, China saw signs of influenza in the distance and they reacted by debasing their currency 2%. This was their Nixon moment. This has caused turmoil in the Asia currency markets. Others soon followed not wanting to miss the sampan. 

Back to gold for a moment. With the world economy in the tank, oil sliding to new lows, commodities rusting in warehouses, inflation negative in many countries; in fact some banks charge their customers for making a deposit – give them $100 and they will give you $99 a year later. Wow, that is a new twist.  With all of that being said isn’t it logical to see gold at $20 or $35 like it was in 1933? But there must be something buried out yonder, it is the call of the wild that implores the initiated to take hold, something is up while the world economies are going down.

Something certainly is up. Currencies being debased in a frenzy. China, last week spent $500 billion. With reserves now at $3.5 billion, if this continues in another seven weeks they will be out of cash. And our old friend the Chavismo state of Venezuela, we heard that they are on the verge of economic collapse, riots breaking out in city after city. The calls for Brazilian President Rousseff to quit are becoming louder by the day. And all sorts of stuff, like bombs exploding in country after country; makes one wonder what is will happen next. Wack a mole world keeps us on edge, particularly with many governments in the hands of liars, ours included.  Stay tuned for more elephants dropping by. No wonder gold is still in the $1100 range.

Click here for more take.