Trust Us, They Say
A Retrospective Look at U.S. 'Gold Reserves'
"In discussing the "gold reserves" of the U.S. government, the first point to make is that the only way in which this topic can be discussed is from a retrospective viewpoint. The reason for this is that while the U.S. government claims to have the largest reserves of gold in the world (supposedly over 8,000 tons) it has not allowed anyone to see this 'gold' in over 50 years.
Would anyone believe the balance-sheet claims of a Wall Street bank, if it had not been audited in over 50 years? If not, how could we put any credence in the gold reserve numbers of a government which is totally subservient to its Wall Street puppet-masters?
The next, most-important point to make is that the U.S. government defaulted on its gold obligations in 1971, roughly a decade after the last time any U.S. gold was actually seen. At this point, I think it would be helpful to view Wikipedia's definition of "default":
failure to satisfy the terms of a loan obligation or to pay back a loan.
The U.S. owed the world ten's of thousands of tons of gold - obligations it racked-up during the Vietnam Decade, and it failed to satisfy those obligations.
Here's a question to test readers. How often does the party defaulting on a loan end up with more money than its creditors? Answer: never. Thus, an obvious observation (yet one which is never made) is that the claims of the U.S. government to still have any gold at all after its gold-default are absurd on their surface - and the only way to rebut that absurdity would be to prove that it still held the gold, by showing it to someone.
Keep in mind that since the world's gold-standard was officially ended at the same time the U.S. defaulted on its gold that there was no reason to leave any gold in the possession of the U.S. except as a "prop" for what had become a "fiat dollar". In the immortal words of former Treasury Secretary, John Connally, "it's our dollar, but it's your problem."
Thus, as of 1971, while the U.S. government no longer needed to use gold, it was convenient for everyone that it was seen to be in possession of significant amounts.
To summarize: we have a government which owed far more gold to other nations than it could ever repay. It defaulted on those obligations, yet after defaulting on the gold it owed, this same government claimed to still have far more gold than anyone else on the planet - at a time when it was in everyone's interest never to challenge that claim. Lastly, the government claiming to hold these vast amounts of gold has not allowed anyone to see any of that gold in 50 years."
It's very possible the US has very little or no gold at all in the federal treasury. Certainly the government was caught red handed passing off gold bullion that was actually plated tungsten bars, and it's possible anything that's left is all counterfeit.
I have a feeling this country's economy could possibly disintegrate overnight because everything we've been told about it has been an outright lie. The criminals have pushed ahead the day of reckoning so much that when it comes, it'll be swift and very brutal.
"In discussing the "gold reserves" of the U.S. government, the first point to make is that the only way in which this topic can be discussed is from a retrospective viewpoint. The reason for this is that while the U.S. government claims to have the largest reserves of gold in the world (supposedly over 8,000 tons) it has not allowed anyone to see this 'gold' in over 50 years.
Would anyone believe the balance-sheet claims of a Wall Street bank, if it had not been audited in over 50 years? If not, how could we put any credence in the gold reserve numbers of a government which is totally subservient to its Wall Street puppet-masters?
The next, most-important point to make is that the U.S. government defaulted on its gold obligations in 1971, roughly a decade after the last time any U.S. gold was actually seen. At this point, I think it would be helpful to view Wikipedia's definition of "default":
failure to satisfy the terms of a loan obligation or to pay back a loan.
The U.S. owed the world ten's of thousands of tons of gold - obligations it racked-up during the Vietnam Decade, and it failed to satisfy those obligations.
Here's a question to test readers. How often does the party defaulting on a loan end up with more money than its creditors? Answer: never. Thus, an obvious observation (yet one which is never made) is that the claims of the U.S. government to still have any gold at all after its gold-default are absurd on their surface - and the only way to rebut that absurdity would be to prove that it still held the gold, by showing it to someone.
Keep in mind that since the world's gold-standard was officially ended at the same time the U.S. defaulted on its gold that there was no reason to leave any gold in the possession of the U.S. except as a "prop" for what had become a "fiat dollar". In the immortal words of former Treasury Secretary, John Connally, "it's our dollar, but it's your problem."
Thus, as of 1971, while the U.S. government no longer needed to use gold, it was convenient for everyone that it was seen to be in possession of significant amounts.
To summarize: we have a government which owed far more gold to other nations than it could ever repay. It defaulted on those obligations, yet after defaulting on the gold it owed, this same government claimed to still have far more gold than anyone else on the planet - at a time when it was in everyone's interest never to challenge that claim. Lastly, the government claiming to hold these vast amounts of gold has not allowed anyone to see any of that gold in 50 years."
It's very possible the US has very little or no gold at all in the federal treasury. Certainly the government was caught red handed passing off gold bullion that was actually plated tungsten bars, and it's possible anything that's left is all counterfeit.
I have a feeling this country's economy could possibly disintegrate overnight because everything we've been told about it has been an outright lie. The criminals have pushed ahead the day of reckoning so much that when it comes, it'll be swift and very brutal.
posted by nolocontendere at 9:36 PM
2 Comments:
As a person who is very much concern about my gold investments, it is always important to seek updates about world's economic and gold conditions. So, thank you for letting us know about this.
I just can’t resist to be amaze with a writer who are truly exceptional for they articles that are really interesting to a blogger like me. I will not spend time reading an article when the topic is not important or has no the significant. You did a good job for always providing relevant and meaningful article.
Post a Comment
<< Home