Conspiracy theories are only theories until they become conspiracy facts. The straws are blowing in the wind as this main-stream CNBC panel discusses the reasoning behind Germany’s gold repatriation. The Bundesbank (Central Bank of Germany) recently stated they have plans to move their gold held at other central banks back to the Father Land. This includes moving 374 tonnes from France’s Banque de France & 300 tonnes from the New York Federal Reserve Bank. Could it be that, as Pimco’s Bill Gross opined, that the central banks of the west are starting to lose faith in one another?
- Tag Archives Federal Reserve
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Sign the Petition to Audit US Gold Reserves
For many years, the Gold Anti-Trust Action Committee (GATA) has been gathering official government documents that indicate the US gold reserves are insufficient and cannot cover the paper obligations assigned to them. Through leasing and swap agreements with other nations, the details of which are hidden from the public, the nation’s gold could be in jeopardy and at the very least, over-reported. Some people have even openly speculated that the Fort Knox facility contains mostly empty space.
There is now a movement to have the gold reserves audited. As the description in the petition notes, the reserves have not been audited since 1953! Prior to that, there were semi-regular audits. In the last 60 years, there has been too much turmoil to simply assume normality in this matter. A prudent and measured action is necessary.
It’s amazingly easy to create a White House account and sign the petition – all you need is a valid email address and zip code. If the petition gets at least 25,000 signatures, the White House must take action to take the issue to the next step for further study. Read and sign the petition today.
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The American Dream
Maybe it’s time we all wake up from our slumber. Maybe it’s time to understand the things that we’ve been too lazy to learn for ourselves instead of relying on someone else to tell us what to think! We have God-given rights as human beings, yes! But along with those rights, we have responsibilities we must accept – each and every one of us!
Here’s a start…. understand what money truely is!
“If the American people ever allow private banks to control the issue of their money, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property – until their children wake up homeless on the continent their fathers conquered.” – Thomas Jefferson, 1802“He who sacrifices freedom for security deserves neither.” – Ben Franklin
For more information on the Federal Reserve, the way it works and its history, see this article. And here’s an interesting look at the way the US fiat currency has been debased over the last 100 years.
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Brooksley Born: Frontline PBS: The Warning
During the Clinton administration, Brooksley Born became chairman of the CFTC and then began warning everyone about the unregulated derivatives market, where hundreds of trillions of dollars are estimated to be invested. Unfortunately the current economic leaders of the time – Alan Greenspan, Larry Summers and Robert Rubin – did everything in their power to silence Born. Since then, we’ve had a near disaster and a semi-collapse in the economy stemming from these derivative markets and yet, the problems have still not been addressed.
Watch The Warning on PBS. See more from FRONTLINE.
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Ron Paul on the ‘One-Party’ System
The illusion of choice continues to be exposed, although one wonders if the public is either too hypnotized or too apathetic to recognize what’s really happening. Jimmy Rogers had earlier inferred on CNBC that neither Obama nor Romney understood enough about economics to make appropriate comments on policy.
Ron Paul then notes that the established banking powers, i.e. the Fed, will be equally served by either the Republican or the Democrat… “they both know how to play the game and they represent a one-party system.” This system depends on the Fed to keep printing money for bail-outs and government spending. [Under such a system, isn't it obvious that the real power does not reside in the White House?] Furthermore, Paul states, “I’ve been in this business for a long time and believe me, there is essentially no difference from one administration to another, no matter what the platform.”
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