WHERE'S THE GOLD?

George Offerman

It is said “Those who have the gold make the rules”.  However, since the advent of the Federal Reserve in 1913, the rule has evolved, so to speak to “Those who make the rules, have the gold.”  Shortly after the Federal Reserve was created, the Fed ended up becoming the ‘custodian’ of the world’s largest hoard of gold to back their FRN’s.  Since that time, there has been infrequent audits of the Ft. Knox facility, the last being 1968.

One very astute observer caused quite a stir a few years back when the question was posed “How much does the Federal Reserve pay for their gold, and how do they get it?” this observer answered “$.10 per ounce, because it costs $.025 to print an FRN and 4 FRN’s will get one ounce of gold (Gold was $400 per ounce at that time).  It was reported the crowd was very quiet, and then became angry once this thought set in.

Here we have the perfect example of thievery.  One has to work extremely hard to obtain the needed FRN’s to purchase gold, when a private organization simply can print the pieces of paper and obtain what they want.  On top of that, the Fed has first access to any significant amount of gold placed on the market, by other central banks, the Bank of International Settlements (BIS), International Monetary Fund (IMF) and the World Bank

Gold Anti-Trust Action Committee (GATA)  http://www.gata.org/ has been following the movements of Gold for 10 years and has meticulously documented the manipulation of gold prices by the ‘banksters’ and the movement of central bank gold sales.  Their information is all found in the public domain, and is extremely difficult to refute.  Bill Murphy, the president of GATA posed this question concerning the sales of gold:  ‘If the price of gold is not manipulated, then why do central banks announce the sale of gold only when prices are going up?’

Looking at historical records, every time the central bank announces sales of gold, the price generally crashes.  Now, if the central banks were out to make a profit, wouldn’t they secretly sell the gold to maximize profits?  Could you imagine Warren Buffet making a public statement to the tune of: “I think I’ll sell Berkshire Hathaway’s holdings of Gillette stock, it’s getting too high and I think the price needs to come down.  I don’t mind taking a loss”.  If you believe that, you were born on Jekyll Island.

Gold is the antithesis of fiat money, and the ‘banksters’ need to keep the price of gold as low as possible.  If (and when) inflation gets out of control, the price of gold will reflect this and skyrocket.  At that point, it is ‘game over’ for the Federal Reserve and all other central banks that rely on script to fund their misadventures.

Ron Paul (R Texas) has sponsored a bill calling for an audit of the Federal Reserve.  Currently he has over 280 co-sponsors for this bill and the momentum is building to find out who and what the Fed gave over 2 trillion dollars to in the last ‘bailout’.  However, the intellectual and financial powerhouse known as Barney Frank, chairman of the House Financial Services Committee, is holding the bill in committee, and thus colluding with the ‘banksters’ in their cover up of this crime in progress.  Remember, it was Barney Frank who boldly stated in 2005 “Fannie and Freddie are financially sound and make good business decisions”.  Wow!  And he is in charge of our nation’s financial decisions?

Historically speaking, the last time such a high percentage of gold was ‘unavailable’ to the public was right before the dark ages.  GATA estimates that 96% of the gold in bullion form is held by central banks or the mega rich families, with the rest of the world vying for the other 4%.  When the paper money system collapses (which it will), we know who will be in the ‘driver’s seat’ when the new rules of banking and finance take place.

The link below is to the Ludwig Von Mises Institute, and Von Mises is considered one of the top economists from the Austrian school of economics.  The Austrian school holds that sound money is the basis of all stability in economic situations, and has always advocated for a precious metals based currency.  It is good reading, and very educational.



http://mises.org/story/3729

THE FEDERAL RESERVE, IRS AND WOODROW WILSON

George Offerman

Give me control of a nation's money and I care not who makes her laws.
Mayer Amschel Rothschild, Founder, House of Rothschild banking dynasty


"Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States,  characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global  political and economic structure--one world, if you will.  If that's the charge, I stand guilty, and I am proud of it" -Memoirs, p.405
David Rockefeller, founder, Council on Foreign Relations, Trilateral Commission

“Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” 

Woodrow Wilson, President, United States 1913


"I sincerely believe that banking institutions are more dangerous to our liberties than standing armies.  Already they have raised up a money aristocracy that has set the government at defiance.  The issuing power should be taken from the banks and restored to the people to whom it properly belongs."

Thomas Jefferson, Founding Father, 3rd President, United States

"History records that the Money Changers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance."

James Madison, Founding Father, 4th President, United States


The Federal Reserve act was signed into law December 23, 1913 by President Woodrow Wilson, and with a stroke of a pen, the money system as was then known ended. This was a clear violation of the U.S. constitution Article 1 section 8 that clearly states: The Congress shall have Power To: To borrow money on the credit of the United States; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States. Section 10, which addresses prohibition by the states, is clear concerning monetary issues: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but GOLD and SILVER Coin a Tender in Payment of Debts..

 It was the third time a central bank was set up in this country, but this act was the most dangerous of them all, due to creating an ‘enforcing’ agency with it, called the Internal Revenue Service.  The IRS would be the ‘enforcing’ agency, to collect the new income tax initially levied ‘only’ on the rich (sound familiar).  Gold and silver as money, were now replaced by Federal Reserve notes, or FRN’s.  Initially, to quell the public’s distrust of the central bank, the FRN’s were printed up as ‘silver certificates’, meaning one could exchange an FRN for a one ounce silver dollar coin.

The banking powers learned their lessons well from the previous two failures, and the efforts to create the Federal Reserve started several years previously.  I will give a very brief history, as a well researched book already exists, and its title is The creature from Jekyll Island by G. Edward Griffin.  Jekyll island, which is off the coast of Georgia, was where  the world money powers gathered to create this monstrosity, and the main power brokers in this were the Rockefellers of the United States, and the very powerful House of Rothschild in Europe. 

Paul Warburg, who was the mastermind of this new system was sent directly from Europe by Baron Alfred De Rothschild, and was instructed to work with Sen. Nelson W. Aldrich, (father in law to John D. Rockefeller JR) who also happened to be the Chairman of the Senate Finance Committee.  They initially failed to pass the first bill, as Aldrich insisted his name be on the bill.  There were also some adjustments made, such as using the deceptive name Federal Reserve, to instill a sense of government oversight, to have 12 separate branches in order to look like banking decentralization from New York, and to allow the President to appoint governors and chairman of the organization.

In essence, silver and gold, which is limited in supply and cannot be counterfeited, was removed as money, and in its place. FRN’s, that can be printed at will, and a private corporation was given sole rights to print the FRN’s.  Inside the Federal Reserve act was a REQUIREMENT to use FRN’s for all private and public debts, thus changing the legal tender laws.  This form of money was required to pay the now new income tax to the Treasury via this new watchdog agency, the internal revenue service.

This act in and of itself is unconstitutional, as one’s labor is seen as private property in the constitution, and even now if one researches the laws concerning the IRS, income tax payment is still listed as ‘voluntary”. (However, try to ‘voluntarily’ opt out of this system, and see what happens).  The Federal Reserve and IRS are unconstitutional by their nature: creating money out of ‘thin air’ not being backed by gold and silver, having an exclusive franchise in creation and collection of revenue, using coercive measures in which to collect, and charging interest on what is considered the people’s money.  As noted by the quotes above, our founding fathers abhorred the money powers, and were very aware of their evil intent (they would be considered ‘conspiracy theorists’ by today’s standards) Abolishment of this Godless system is the most appropriate action to take.

Woodrow Wilson, in my estimation, was the worst president in our country’s history.  This man KNOWINGLY sold this country to the money powers and was unwilling to stand up to them.  President McKinley was assassinated in office Sept 14, 1901, and was the last strong advocate against central banking and the money powers, and this may have influenced Wilson in ‘keeping his mouth shut’ (as evidenced by HIS quote above).  This, however, does not excuse his cowardice, and this evil action is the basis of the vast majority of our problems today.  Wilson epitomizes the cowards that hold positions of power, and are willing to sell their souls for a taste of power.  Unfortunately, there are too many in the current ‘gang of 535’ and in the White House that emulates Wilson and the lack of courage and conviction it takes to be true leaders.

Believe it or not, the purchasing power of the U.S. dollar has shrunk by 99% since 1913.  Yes, that number is correct, 99%.  When this sinks in, it is very easy to understand how the United States has continually fallen behind in all areas of improvement since that time.  The more we seem to have, the further behind we fall in terms of real growth, real opportunities and real advancement.  This is in total contrast to what God intended and it will continue until sound money is returned front and center in our economy.


Next:  The Fed, the immoveable meets the unstoppable

GOD'S MONEY

The series of posting I will be running are from 2 years ago, and are not in this site's archives.  I think the timing of these postings are very relevant to the current financial conditions we are seeing.  The writing is on the wall for anyone willing to look, and the time is short to do much about our condition otehr than personal preparation.



George Offerman

I was with a group of pro lifers recently, and the topic of the economy came up.  We have been discussing this topic for several months, ongoing, and the consensus seems to be that God is involved in these current times, and that the love of money has been front and center of our problems.  I told them, and continue to believe this economy will never get better, and there are good reasons for this.

One may ask “what does the economy have to do with pro life”.  My answer is EVERYTHING.  What is the main reason cited for abortion? Mainly convenience and ‘choice’.  Why does one need the ‘choice’ or convenience? The down and dirty answer is money.  We never have enough, and it seems the other side continually pushes the false allegations that we live in a world of scarcity, and this includes money (or the lack thereof).

The current money, known as Federal Reserve Notes (FRN) is printed at will, and as we can see, the printing has increased exponentially in the past two years.  When money can be printed at will, or out of ‘thin air’, abuse is soon to follow.  Our national debt, not including the unfunded liabilities (promised future benefits with no money to pay for them) stand at nearly 12 Trillion dollars.  The interest alone on this debt is nearing half a Trillion annually.  Currently, the largest holder of U.S. debt (U.S. Treasury bonds) is China, with roughly 1.7 trillion.  Obama is talking about another 9-10 trillion of additional debt over the next ten years, and this will raise the interest payments alone to nearly 1 Trillion dollars per year. 

This in turn, takes away from productivity, and creates a downward spiral of debt: the more debt we have, the more we must borrow to pay today’s bills, thus owing more interest that then requires more borrowing, etc.  The more money spent on interest, the less to spend on real needs, and thus the artificial ‘scarcity’ built into the system.  When one feels the constant pressure to ‘downsize’, they look at potential liabilities.  Children are one of the greatest expenditures parents can have, and unfortunately, become the largest liabilities, and are thus seen as expendable.

Now, where does all of this interest go?  Interest is paid to bond holders, such as China, for the U.S. Treasuries, but interest is also ‘owed’ to the Federal Reserve for ‘lending’ the money to the Treasury department in the first place.  So in essence, we pay interest to the Federal Reserve for the ‘privilege’ of creating this money out of thin air to begin with.  Interest payments are sent directly to the Federal Reserve (Which is a private corporation and this payment is not subject to income tax) and this money is never to be seen again in the economy as we know it. Taking a trillion dollars annually out of an economy definitely causes scarcity, and validates the whole premise of what Obama is trying to sell to the public with his current health care scam.

God is clear what his money is: Silver and Gold.  God deliberately created a nominal amount of the ‘precious metals’ as a way to minimize the ‘shenanigans’ He knew we would get into if there was a nearly unlimited amount.  When money is limited, and cannot be counterfeited, commerce is always conducted on a ‘cash and carry’ basis, and there is little or no need for any interest bearing instruments in which to enslave one.

When the money supply is steady, there is no inflation, thus no loss of one’s labor, property and ability to secure basic needs if available.  One would also be more aware of taxes as they would have to be paid by coinage on hand, versus deducted out of a check, which merely reflect numbers on a paper. This would create more accountability by government for monetary expenditures.  People would also be more involved, due to having an expanded awareness of where and how their money is being used.

People constantly bring up wars as an example of ‘pro life’ issues.  If we continued to use God’s money, wars would be scarce and limited by the ability or lack thereof to fund them.  There would be little incentive to kill people and break things that then have to be replaced.  When there is no limit to ‘creating’ money, there is no limit to the amount of wars and other sinful behaviors one or a nation can engage in.  Likewise the cutting off of credit is a death knell for the individual or nation who has debt or trying to bankroll day to day life, or in this particular example, the propagation of war.

God intended for there to be stability in life, by having a stable source of money.  One would be able to save and to pass on their life’s fruit without the fear of losing everything due to inflation or debauchery of the currency.  There is more said about money in the Bible than about salvation, and God has made clear that Honest weights and measures is the premier concern when dealing with His money.  The current money scenario is an abomination to God, as it is very dishonest in it is created by one source (Federal Reserve), and created at will with little discipline.

This is why I for one would like to see “In God we trust” removed from the FRN’s and metal slugs we call coinage.  God should not be mocked in such a fashion, and this slogan can be reinstated once we again use the money God, and our constitution intended for us: Silver and Gold.  Until we come up with honest weights and measures, using God’s money, the economy will not come back, as God does not reward sinful and rebellious behaviors.