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Gold is money. Silver is money.
The dollar is fraud -- a deception.
The history of Money
In all of history, wherever paper money has been issued, its value has eventually gone to zero. Its intrinsic value is nothing, and the dollar is no exception. The value of gold and silver is timeless, and cannot go to zero. Gold will always be precious.
I will answer for you the key questions:
- Why and how has the dollar gold price declined from $850/oz. in 1980 down to $350/oz. today in 2003, during a time of inflation?
- Where is the gold price going from here?
- Why and when is the gold price going up?
- Don't take my word for it; I'll give you proof.
Do you understand the gold & silver markets?
Do you understand money?
Do you know the truth about gold, money, and the dollar?
The dollar can only survive based on pretext. How much have you been misinformed? Are you aware of how this has taken place? Are you aware of how and why this will end? Have you been able to separate truth from propaganda? Do you need discernment and wisdom about money?
Then you have come to the right place.
Here are a few facts about monetary history in the United States.
As America fought the War for independance, we issued paper money that turned out to be a disaster. Thus, a few years later, when the Constitution was written, it stated that gold and silver would be money. In the coin Act of 1792, those who debased the currency, “or otherwise with a fraudulent intent” were to suffer the death penalty:
"Penalty of Death for de-basing the coins.
Section 19. And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained, or shall be of less weight or value than the same out to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death."
To my knowledge, this Act has never been repealed.
President Andrew Jackson, our 7th president, was one of our nation's greatest monetary heroes. He recognized the evil of printing excess paper money. He saw a boom (bubble) in real estate, fueled by excess bank loans. He put a stop to it by passing a law that required all land sales to be in gold coin. Banks would not loan gold coin, only paper money, so the boom collapsed. He fought the banks, and refused to re-charter the central bank.
In the Civil War, both sides issued too much paper money to pay for the War. Lincoln's paper money was called "greenbacks." After the War, Lincoln was going to go after the banks, next. But he was shot.
In 1914, the Federal Reserve was founded during the presidency of
Woodrow Wilson. Wilson, on his deathbed, admitted his error,
saying that allowing the Federal Reserve to be founded was a betrayal
of his country. The Fed quickly issued money to help pay the
costs of WWI, and caused the boom of the roaring 20's. By 1929,
the market crashed, and the nation entered the Great Depression.
Gold was re-valued from $20/oz up to $35/oz by Rosevelt. FDR made
it illegal to own gold within the U.S. but allowed foreigners to redeem
paper dollars for gold.
In 1963 Kennedy was killed. He had been issuing U.S. notes backed by the silver held by the U.S. Treasury, which was a threat to the Federal Reserve. He basically said he was going to reveal the fraud of the Federal Reserve to the American public. Within days, he was shot. There was one final Kennedy commerative silver 50 cent piece in 1964, the last 90% silver coin. By 1965, coins were debased, first 40% silver coins, and then copper clad coins containing no silver, like we have today.
According to the Coin Act of 1792, debasing the coins was a crime worthy of the death penalty:
Penalty of Death for de-basing the coins. Section 19. And be it further enacted, that if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained, or shall be of less weight or value than the same out to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death.
By 1971, Nixon closed the gold window, and stopped redeeming paper
money for gold. Gold quickly rose in price over the next decade
by an average of 34% per year, up to $850/oz. Some say Nixon
really resigned (not over Watergate which was the smokescreen) but over
the real embarassment of selling off our nation's gold hoard while
trying to defend the fraud of issuing too many paper dollars.
In 1975, Americans were allowed to own real gold again. The day
before, in 1974, December 31, paper gold began trading again, called
"gold futures contracts". These were used to depress the price of
gold substantially until the late 80's. Thus, people who bought
physical gold were hurt badly as the value of physical gold was cut in
half right in the middle of the ten year boom. Gold futures
contracts are still used today to cap the price of gold.
In 1980, bonds were used to lure people away from gold. Bonds
were paying a high interest rate, and a nation-wide ad campaign was
designed to get people to buy bonds instead of gold. And if you
wanted gold, you were supposed to buy the paper gold of "gold futures
contracts" for the increased rate of return. The nation was
deceived and rushed back into paper money.
Today, in 2003, the U.S. Bond market is valued at over $20 trillion,
which is $20,000,000,000,000. The measure of the money supply in
U.S. banks is valued at about $8.8 trillion. The total paper
money is $29 trillion.
The U.S. gold hoard, 261 million ounces, at $400/oz. is valued at $104 billion, or $104,000,000,000.
If you divide $29 trillion, into the 261 million oz. of gold, there are
$111,111 dollars for every oz. of gold. This is a price target
for if we went back to using gold as money, and the fraud of the
dollar, and the fraud of fractional reserve banking were
destroyed.
There is one important point to make regarding the last two defaults in
gold deliveries in 1933 and 1971. The inability to pay in gold
came before the price rise. Gold deliveries stopped before the
price rose. Thus, there need not be a substantial rise in the
gold price before the default hits. Delivery defaults occur when
they run out of the gold to deliver. The rise in price comes
after the delivery default happens.
In all of monetary history, paper money always fails. Don't forget the lessons of history.
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