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FOREWORD : at certain times,
focusing on the big picture is important not just for investment success, but
for personal welfare, and even survival. We believe such times are here. It
is estimated that 98% of Americans have never held a gold coin in their
hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a
contrarian standpoint, the financial message from those two statistics is
clear. Even so, gold is much more than money or an investment medium; it
stands for liberty and throughout history has facilitated escape and ensured
freedom. Never having touched a gold coin is the monetary equivalent to never
having breathed fresh air, felt the warmth of sunshine, looked up at the
stars or risen from the gutter. Fiat Federal Reserve Notes are becoming
nothing more than sewage decomposing in the vast, toxic septic tank of
predatory Washington politics, epic Federal Reserve arrogance and error,
blatant Wall Street fraud and outright Master Class plunder. Below, we
outline America’s troubling and compounding predicament, and urge you
to think about how to protect yourself from its consequences, both financially
and personally.
Thanks
to the endless barrage of feel-good propaganda that daily assaults the
American mind, best epitomized a few months ago by the “green
shoots,” everything’s-coming-up-roses propaganda touted by
Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous
the country’s fiscal, monetary and economic problems truly are. Nor do
they perceive the rapidly increasing risk of a totalitarian nightmare
descending upon the American Republic.
One
stark and sobering way to frame the crisis is this: if the United States
government were to nationalize (in other words, steal) every penny of private
wealth accumulated by America’s citizens since the nation’s
founding 235 years ago, the government would remain totally bankrupt.
According
to the Federal Reserve’s most recent report on wealth, America’s
private net worth was $53.4 trillion as of September, 2009. But at the same
time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00
($120 trillion), or 225% of the citizens’ net worth. Even if the
government expropriated every dollar of private wealth in the nation, it
would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal
to $214,286.00 for every man, woman and child in America and roughly 500% of
GDP. If the government does not directly seize the nation’s private
wealth, then it will require $389,610 from each and every citizen to balance
the country’s books. State, county and municipal debts and deficits are
additional, already elephantine in many states (e.g., California, Illinois,
New Jersey and New York) and growing at an alarming rate nationwide. In
addition to the federal government, dozens of states are already bankrupt and
sinking deeper into the morass every day.
The
government continues to dig a deeper and deeper fiscal grave in which to bury
its citizens. This year, the federal deficit will total at least
$1,600,000,000,000.00 ($1.6 trillion), which represents overspending of $4,383,561,600.00
($4.38 billion) per day. (The deficit during October and November, 2009, the
first two months of Fiscal Year 2010, totaled $296,700,000,000.00 ($297
billion), or $4,863,934,000.00 ($4.9 billion) per day, a record.) Using the
GAAP accounting method (which is what corporations are required to use
because it presents a far more accurate and honest picture of a
company’s finances than the cash accounting method primarily and
misleadingly used by the U.S. government), the nation’s fiscal year 2009
deficit was roughly $9,000,000,000,000.00 ($9 trillion), or
$24,700,000,000.00 ($24.7 billion) per day, as calculated by brilliant and
well-respected economist John Williams. (www.shadowstats.com) Fiscal Year 2010’s cash- and GAAP-accounting deficits will
likely be worse than 2009’s, given government bailout and new program
spending that is on steroids and psychotic.
Putting
Fiscal Year 2009’s $9,000,000,000,000.00 ($9 trillion) deficit another
way, 17% of America’s private wealth, accumulated over a period of 235
years, was wiped out by just one year’s worth of government deficit
spending insanity.
Given
this, is it any surprise that Treasury Secretary Geithner has announced that
the release of the nation’s FY 2009 supplemental GAAP financial
statements has been delayed? Remember, this is the same Secretary Geithner
who bullied people to cover up the sordid details of the AIG, or more
accurately, the taxpayer-funded, multi-billion dollar, Santa
Claus bailout and bonus bonanza for Goldman Sachs. Do you really think this
government, characterized as it is by fiscal and monetary secrecy, lies,
chicanery, cronyism and stonewalling, wants the
people to know what is actually happening? Obviously, it does not, so it hides
from the public the inexcusable facts.
It
is estimated that the top 1% of Americans control roughly 40% of the
nation’s wealth. In other words, 3 million people own
$21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the
other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion).
77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of
minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or
on public assistance. The lower 50% of Americans own mean net assets of
$27,800 each, about enough to purchase a modest car. Obviously, it would be
impossible to retire on such an amount without significant government or
other assistance. Meanwhile, the richest 10% of Americans possess mean net
assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top
2% control assets worth more than 1,500 times those in the bottom 50%. When
you combine these facts with Wall Street’s typical multi-million dollar
annual bonuses, you get an idea of wealth inequality in America.
Historically, such extreme inequality has been a well-documented breeding
ground for totalitarianism.
If
the government decides to expropriate (steal) or commandeer (e.g., force into
Treasuries) America’s private wealth in order to buy survival time,
such a measure will be designed to destroy the common citizens, not the
elite. Insiders will be given advance warning about any such plan, and will
be able to transfer their money offshore or into financial vehicles immune from
harm. Assuming that the elite moves its money to safety, there would then be
$120,000,000,000,000.00 ($120 trillion) in American debt and liabilities
supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth,
for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each
American would owe $285,714.29 to balance the country’s books.
(Remember to multiply this amount by every person in your household,
including any infant children.)
If
the common people suspect that something diabolical was in the works, a
portion of the $32 trillion in non-elite wealth could be evacuated as well
prior to a government expropriation and/or currency devaluation, resulting in
less money for the government to steal. What these statistics mean is that it
is absolutely impossible for the government to fund its debt and deficits,
even if it steals all of the nation’s private wealth. Therefore, the
government’s only solutions are either formal bankruptcy (outright debt
repudiation and the dismantling of bankrupt government programs) or
unprecedented American monetary inflation and debt monetization. If the
government chooses to inflate its way out of this fiscal catastrophe, the
United States dollar will essentially become worthless. You can be absolutely
certain that a PhD. in economics, such as Dr. Bernanke, is well aware of
these realities, despite what he might say in speeches. For that matter, so
are Chinese schoolchildren, who, when patronized by Treasury Secretary
Geithner about America’s “strong dollar,” laughed in his
face. One day, perhaps America’s school children will receive a real
education so that they, too, will know when to laugh at absurd propaganda.
The
government has announced that during the fiscal years from 2010 through 2019,
it will create an additional $9,000,000,000,000.00 ($9 trillion) in deficits,
an amount that is almost certain to be understated by trillions given the
country’s current economic trajectory. The government assumes that this
vast additional deficit will be funded by others, such as the Chinese, as it
is a statistical fact that the United States will be incapable of funding it.
Furthermore,
with the budgetary equivalent of a straight face, the Office of Management
and Budget reports in its long-term, inter-generational budget projection
that the United States government will experience massive, non-stop deficits
for the next 70 (SEVENTY) years, requiring the issuance of tens of trillions
of dollars of additional debt. The OMB does not project even one year of
surplus during the entire seventy year budget period.
These
deficits and debts are now so gargantuan that they have become surreal
abstractions impossible even for sophisticated financiers to begin to
comprehend. The common citizen has absolutely no idea what these numbers
mean, or imply for his or her future. The people have been deluded into
thinking that America’s arrogant, egomaniacal,
always-wrong-but-never-in-doubt fiscal witch doctors and charlatans,
including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have
discovered a Monetary Fountain of Youth that endlessly spits up free money
from the center of earth, in a geyser of good will toward the United States.
Unfortunately, this delusion is false: there is no Monetary Fountain of Youth,
and contrary to the apparent beliefs of the self-deified man-gods in
Washington, D.C., the debt and deficits are real, completely out of control,
and 100% guaranteed to create catastrophic consequences for the nation and
its people.
When
government “representatives” deliberately sell into slavery the
citizens of a so-called free Republic, they have committed treason against
those people. This is exactly what has happened in the United States: the
citizens have been sold into debt slavery that they and their descendants can
never escape, because the debts piled onto their backs can never, ever be
paid. Despite expensive and sophisticated brainwashing campaigns emanating
from Washington, claiming that America can “grow” out of its
deficits and debt, it is arithmetically impossible for the country to do so.
The government’s statements that it can dig the nation out of its
fiscal hole by digging an even deeper chasm have become parodies and
perversions of even totally discredited and morally disgusting Keynesianism.
The
people no longer have elected representatives; they have elected traitors.
The
enslavement of the American people has been orchestrated by a pernicious
Master Class that has taken the United States by the throat. This Master
Class is now choking the nation to death as it accelerates its master plan to
plunder the people’s dwindling remaining assets. The Master Class
comprises politicians, the Wall Street money elite, the Federal Reserve,
high-end government (including military) officials, government lobbyists and
their paymasters, military suppliers and media oligarchs. The interests and
mindset of the Master Class are so totally divorced from those of the average
American citizen that it is utterly tone deaf and blind to the justifiable
rage sweeping the nation. Its guiding ethics of greed, plunder, power,
control and violence are so alien to mainstream American culture and thought
that the Master Class might as well be an enemy invader from Mars. But the
Master Class here, it is real and it is laying waste to America. To the
members of the Master Class, the people are not fellow-citizens; they are
instruments of labor, servitude and profit. At first, the Master Class viewed
the citizens as serfs; now that they have raped and destroyed the national
economy, while in the process amassing unprecedented wealth and power for
themselves, they see the people as nothing more than slaves.
America’s
public finances are now so completely dysfunctional and chaotic that
something far worse than debt enslavement and monetary implosion, terrible
curses unto themselves, looms on the horizon: namely, a Master
Class-sponsored American dictatorship.
Throughout
history, the type of situation in which America now finds itself has been a
fertility factory for tyranny. The odds of an outright overthrow of the
people by the Washington and Wall Street Axis, or more broadly, the Master
Class are increasing dramatically. The fact that so few people believe an
American dictatorship is possible is exactly why it is becoming likely.
Dictatorships
have blighted history and ruined lives since the beginning of civilization.
In recent times alone, tyrants such as Hitler, Stalin, Lenin, Ceausescu,
Amin, Hussein, Mussolini, Tojo, Kim, Pinochet,
Milosevic, Tito, Batista, Peron, Pol Pot, Mugabe, Marcos, Somoza, Mengistu, Bokassa, Sese Seko, Franco, Ho Chi Minh,
Mao, and Castro have power-sprayed blood onto the screen of time and ravaged
mankind with murder, torture and human oppression. A full catalog of
history’s tyrants would require a book of hundreds of pages. In the
past 100 years alone, over 200 million human beings have been annihilated by
wars, ethnic cleansings and government assassinations. Just when we think
that civilization has been able to rise above tyranny’s inhumanity and
disgrace, a new dictator appears on the scene to start the process all over
again. Every time this happens, fear and submission paralyze the vast
majority of the affected masses, leading them to “follow orders”
and lick autocracy’s blood-stained boots.
History
has proven to tyrants that oppression works. In fact, it is easy to control a
populace, once you control the money, markets, military (including police),
media and minions (the recipients of welfare, social security, free health
care, government jobs and the like, who are dependent upon the state and
likely to be compliant). This is exactly where the United States is today.
Recent
American events paint an ominous picture of a Master Class that is now in
total control.
When
90% of the American people vehemently rejected the $700,000,000,000.00 ($700
billion) TARP bailout plan, the Master Class put it on a fast track and
approved it anyway.
When
a clear majority of the American people said no to a government takeover of
Chrysler and GM, the Master Class poured billions of taxpayer dollars into
those corporate sinkholes and took them over anyway.
When
the people said no to multi-trillion dollar crony bailouts for the bankers
and insurers whose corruption had caused global financial mayhem, the
government pledged to those elite insiders more than $13,000,000,000,000.00
($13 trillion) of the people’s money anyway.
When
the people expressed astonishment and anger that Wall Street planned to pay
itself record 2009 bonuses, in the midst of America’s worst-ever fiscal
and financial crisis caused by them, Wall Street stuffed its pockets with
taxpayer-supported bonus money anyway.
When
the people said no to a proposed $40,000,000,000.00 ($40 billion) bailout of
AIG and its elite trading partners such as Goldman Sachs (an amount that
subsequently exploded to $180,000,000,000.00+ ($180+ billion)), the Master
Class went underground, covertly misappropriated taxpayer money and made the
payoffs anyway.
When
Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense,
the government approved $6,000,000.00 individual pay packages in 2009 (150
times the average American wage) for the CEOs of both failed companies
anyway.
When
a clear majority of the people said no to nationalized health care, even
after being bombarded by a multi-million dollar, lie-drenched propaganda
campaign designed to bamboozle them, the House and Senate passed nationalized
health care bills anyway.
When
more than seven million American workers lost their jobs and were subsisting
on unemployment benefits and food stamps, federal government employees, who
now earn DOUBLE what private sector workers earn, were given another round of
pay and benefits increases anyway.
When
private sector workers’ 401Ks and IRA retirement plans plummeted in
value due to economic collapse and endemic Wall Street-orchestrated market
corruption (including systemic front running, flash trading, naked short
selling and other manipulations), government “defined benefit,”
lifetime-cost-of-living-adjusted pension plans, despite already being
underfunded by $2,000,000,000,000.00 ($2 trillion), were made richer than
ever anyway.
The
long, shameful litany of events signaling the total divorce between the
Master Class and the people of the United States doesn’t stop there. It
goes on and on.
The
message from the American Master Class to the American people is simple and
clear:
We
Defy You.
Governments
that openly defy the people are either already totalitarian or in the process
of becoming so. Monetarily, the United States clearly functions as a
totalitarian dictatorship already, with a Federal Reserve that operates in
secrecy, creates limitless amounts of debt and currency at will, and showers
trillions of dollars upon favored Master Class insiders with zero
transparency or accountability whatsoever. The Federal Reserve is so
shameless about its dictatorial powers that it flatly refuses to provide
details about multi-trillion dollar bailouts and rescues of privileged
elites, in open defiance of Congress and the people. The fact that they get
away with these blatant acts of defiance demonstrates the true extent of the
Master Class chokehold on America.
If
the Master Class were a benign despot and if its policies and programs
actually worked, that would be one thing. But that is not the case. Rather,
its programs are in a complete shambles.
Every
single government entitlement program in the United States is bankrupt. This
includes Social Security ($17,500,000,000,000.00 underfunded; $17.5
trillion); Medicare Part A ($36,700,000,000,000.00 underfunded; $36.7
trillion); Medicare Part B ($37,000,000,000,000.00 underfunded; $37
trillion); Medicare Part D ($15,600,000,000,000 underfunded; $15.6 trillion),
Government and military pensions ($2,000,000,000,000 underfunded; $2
trillion), Food Stamps (current underfunding difficult to measure because the
number of recipients is exploding; hundreds of billions underfunded versus
original projections, minimum); and the list goes on. The above underfunding
amounts are NET of projected tax receipts over the next 50 years. But the
current recession has invalidated virtually all long-term budget and tax
receipt assumptions, meaning that the true underfunded amounts are now
greater than current, already mind-boggling estimates.
While
the above statistics are terrifying enough to any citizen with a functioning
brain, what is Twilight Zone-eerie and a far more serious cause for alarm is
the casual indifference with which the Master Class is now making the
country’s dire and irreparable fiscal circumstances even worse.
The
nationalized health care program will cost at least $1 trillion over the next
ten years, and most likely multiples of that. It is being crammed down
America’s throat by a bankrupt government that does not have the money
today and will not have the money tomorrow to pay for it. Worse is the fact
that the same government that has bankrupted each and every existing social
program now intends to directly or indirectly control the health care of all
citizens. Based on the government’s existing track record and the
health care program’s enormous complexity, invasiveness and cost, the
probability that it will become a national fiscal and humanitarian catastrophe
is roughly 100%.
“Cap
and Trade” is a multi-trillion dollar tax scam being foisted onto the
American public without a legitimate debate or popular referendum. You might
be surprised to learn that “Climate Revenues” are already
included in the federal budget, starting with $79,000,000,000.00 ($79
billion) in fiscal year 2012, which begins only 20 months from now. During
fiscal years 2012 through 2019, the government expects to collect
$646,000,000,000.00 ($646 billion) in “Climate Revenues,” a completely
new tax category. Have any of your elected traitors told you that they have
enacted $646,000,000,000.00 ($646 billion) in “Climate” taxes
beginning twenty months from now and continuing forever? These “Climate
Revenues” are based on junk science, lies and hysteria, and have been
pimped by greed-diseased parasites who seek to make billions from operating
and manipulating the Cap and Trade “marketplace.” Favored
elitists such as Hank Paulson, Al Gore, General Electric and Goldman Sachs,
among others, have positioned themselves to profit from the nation’s
upcoming Cap and Trade tax misery and economic debilitation.
The
reality is that the giant Ponzi scheme called the United States of America is
running out of money. In any Ponzi scheme, money must constantly be poured
into the top of the funnel in order to pay the redeemers at the bottom. As
the number of redeemers has grown, tax receipts have fallen far short of
covering their withdrawals, a problem that has now become an outright
government funding emergency further aggravated by the fiscal, financial and
economic crises.
If
the Washington and Wall Street Axis were not legally able to create and
distribute counterfeit American money, the Ponzi scheme would have collapsed
already. Trillions of new, out-of-thin-air, printing-press and electronic
“dollars” have bought the Axis additional time, but new sources
of revenue must immediately be found to keep the scam alive. Congress is
fully aware of this reality. Outright tax increases would be bad politics
during a recession that is morphing into a depression, and also bad for 2010
re-election campaigns, so they cannot be implemented. Therefore, Congress
continues to advance the health care and Cap and Trade agendas, which are
nothing but taxation Trojan Horses festooned in righteousness and sanctimony,
despite overwhelming popular opposition.
If
the nationalized health care program is passed, revenues and fees will kick
in immediately in 2010, whereas costs will not begin to accrue until 2012 and
later. The government plans to spend the revenues immediately to forestall a
total fiscal collapse. Nationalized health care has absolutely nothing to do
with health care; it has to do with creating an immediate revenue stream to
help fix the current government funding crisis. Similarly, Cap and Trade has
nothing to do with fixing the environment. It, too, is nothing more than a
massive tax increase similarly designed to address the government’s
epic funding shortfall, with thick slices of pork thrown in for
privileged insiders and deceitful propagandists like bloated “Father of
the Internet” and now “Savior of the World” Al Gore.
The
last thing the Master Class wants is for the people to understand the
disastrous state of the nation’s finances. Master Class brainwashing
tells the people that it is “negative” and
“pessimistic” to look at the facts, despite the fact that
psychological health is characterized by the ability to identify and deal
with reality. The Master Class wants the people to put on Bozo the Clown
happy faces and let sugar plums and green shoots dance in their brains as
they write one check after another to pay for Cap and Trade, nationalized
health care, and a mind-numbing assortment of other taxes and fees.
On
Sunday night, November 30, 2009, North Korea’s dictator Kim Jong Il (a
name that says it all, even better than Made-off’s), an international
poster child of Master Class psychological illness, devalued his
country’s currency by 99%. This vicious tyrant, who has given birth to
a national hell on earth, is chauffeured in Mercedes Benz limousines, drinks
the finest imported whiskies and dines in imperial dignity on foods prepared
by personal chefs while his citizens starve to death on the streets or, at
best, eke out a subsistence living. Kim became paranoid that the people were
actually figuring out how to improve their pitiful, impoverished lives in
tiny ways, so he decided to wipe them out. The people were given one week to
exchange their money at a rate of 100 old Won for 1 new Won. Any lifetime
family savings in excess of roughly $700.00 were simply confiscated by the
North Korean government. To keep the people in line, the military and police
were put on high alert, fully prepared to kill or arrest any protesters.
On
January 9, 2010, Venezuela’s strong man Hugo Chavez devalued his
country’s currency by 50%, overnight and without warning, causing
immediate inflation, shortages of food and supplies, and general financial
chaos throughout the nation.
While
you might be shaking your head in pity over the plight of the citizens of
North Korea and Venezuela, ask yourself this: could this not happen in the
United States?
On
April 5, 1933, President Franklin D. Roosevelt, an Obama hero, outlawed gold
ownership overnight by signing Executive Order 6102, which gave the people
three and one-half weeks to surrender all privately-owned bullion to the
government for a price of $20.67 per ounce. On January 30, 1934, nine months
after collecting the people’s gold, Roosevelt devalued the dollar 69%
overnight, by raising the gold price from $20.67 to $35.00 per ounce.
Since
its founding in 1913, the Federal Reserve has devalued the dollar by 98+%
thanks to endless money printing and debt creation, a corrosive and
impoverishing process that is now accelerating. In the past year, the Fed has
engineered $20+ trillion in bailouts, subsidies and guarantees for
well-connected and lucky scavengers and opportunists, an amount equal to
roughly 40% of the total private wealth created in this country since its
inception. All because a few elitist government man-gods with an almost
perfect record of error and failure have deemed in their imperial wisdom that
it shall be so. The citizens, whose hard-earned wealth is being
systematically destroyed by this continual, government-decreed monetary
debasement were never invited to the debate or given a say, which is par for
the course for dictatorships. This massive de facto devaluation now hangs
over the people’s wealth like a great monetary sword of Damocles.
Conceptually,
whether it is a 50% overnight devaluation in Venezuela, a 69% overnight
devaluation in the United States, a 98% devaluation
in America over time, or a 99% overnight devaluation in North Korea, what is
the difference? The fact is: there is no difference; monetary debasements are
all the same. In each and every case, the people’s wealth is stolen via
government edict, while the people stand by helplessly and in shock.
So
one must ask: For whom does the bell toll? A foreign “them,” or a
domestic us? Who is to say that you will not be told tomorrow morning that,
effective immediately, in accordance with some perversely named mandate such
as the “American Monetary Security, Wealth Preservation and Terrorism
Prevention Act,” enacted by emergency for “the safety of the
nation and the financial well being of the citizens,” all existing
currency and bank balances will be redenominated in “New
Dollars,” at a conversion rate of 1 new for every 100 old currency
units? Would this not simply be another, almost predictable act of defiance
toward the American people by the Master Class? And if that happened, do you
honestly believe that the Master Class would not have been alerted in advance
and allowed to make special preparations for itself ahead of the devaluation?
Do you think they intend to go down in the same ship as the people they defy?
If such a currency devaluation were announced, what
could you do about it? March on Washington? But how would you get there if
your money had been wiped out?
Despite
what you may hear from State Media, which includes virtually all
establishment news organizations, particularly financial ones (e.g., CNBC),
America is on the precipice. No bankrupt nation in history has ever defended
or preserved the freedoms of its citizens. In fact, it has been the exact
opposite: in desperation, bankrupt governments have routinely plundered their
citizens’ wealth and imposed totalitarian controls. What will make
things different for the United States, the largest debtor nation in all of
recorded civilization?
The
United States government cannot ever, possibly pay its debts, is
pathologically incapable of controlling its spending or curbing its hunger
for both domestic and international empire and persistently refuses to tell
the American people the truth. If America’s citizens were told the
truth and given the benefit of true leadership, as opposed to the guile and
dishonesty of an endless array of political liars and hacks, perhaps they
could rally and defeat the problems that afflict them. But instead, they are
fed by the Master Class a steady diet of narcotic propaganda that deludes,
confuses and enervates them. The truth cannot set people free if it is never
told, and that is the essence of America’s gathering tragedy.
In a
future article, we will detail specific developments you should watch for to
chart the course of America’s ominous and potentially deadly national
storm. The current, grave situation is already a clear call to action. When
the signals become even more urgent, it will be late in the game to take
protective action, and possibly too late. Citizens should begin to prepare
now not just for financial survival, but for the personal security of
themselves and their loved ones should a Category 5 economic and political hurricane
rip into the nation, something that becomes more likely every day.
With
respect to personal finances, in virtually every national currency
devaluation and major political upheaval in the past, gold has represented
sanctuary for the affected people. Gold has not just preserved wealth, but
personal freedom as well. While governments can devalue fiat currencies, they
cannot, by edict, devalue gold. Yes, they can try to manipulate its price,
but unless all governments join in the collusion, ultimately the price will
return to market. The market for gold is global, and demand exists in all
nations and among all peoples. Should the government attempt to confiscate
gold, it will be an outright admission that the financial system is
collapsing, and the people will know better than to hand over to a corrupt
government their only means of survival. The most important point is this:
devalued currencies never rise again. Once they are destroyed, they are gone
forever, and those whose wealth had once been denominated in them are wiped
out. As you have no doubt heard before, not one fiat currency has survived
over time, and that is an indisputable fact. More significantly, no fiat
currency has ever suffered the abuse that has been inflicted upon the United
States dollar, meaning that it is at extreme risk. Gold has been money for
5,000 years. It has not merely survived, it has
prevailed over each and every fiat currency collapse throughout history.
Given this, the most important financial question a person can ask him- or herself today is: How is my wealth denominated at this
time? And given its denomination, is my wealth likely to be safe in current
and evolving circumstances?
One
thing is certain: as the epic David and Goliath monetary battle unfolds,
between the people fighting to defend their hard-earned wealth on one side,
and a Master Class that greedily and pathologically wants to plunder them on
the other, the price of gold will become extremely volatile for a period of
time. Volatility will, in fact, tell you that the War on Wealth has
officially been declared, and will be your signal to do whatever you must to
protect what is yours. As the government Goliath and its Master Class allies
short tonnes of bullion into rigged futures markets
in a desperate attempt to make gold look dangerous and risky, the Davids will be coming forth not just in the United States
but from all corners of the globe, buying 10 grams here and one ounce there.
There are 6.8 billion Davids, versus one diseased
Master Class that numbers in the small millions. There is no way the Master
Class can defeat the people, if the people finally rise up and say “No
More of Your Plunder. No More of Your Cold and Soulless Financial Oppression.
No More of Your Cynical and Godless Exploitation.”
If
you find the above argument compelling, you should consider how to protect
yourself from Executive Orders that could be issued at any time, under any
pretext, and that could be extremely hostile to your financial and/or
personal health and well being. One simple way to start is to purchase one
ounce of gold for yourself and each member of your household,
and much more if you can afford it. That is not financial advice; it is
merely the common sense generously communicated to you by history.
Stewart Dougherty
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