Gene's Footnotes

I have never been impressed by the messenger and always inspect the message, which I now understand is not the norm. People prefer to filter out discordant information. As such, I am frequently confronted with, "Where did you hear that...." Well, here you go. If you want an email version, send me an email.

February 28, 2014

Quick and Visual Demonstration Of the Successful Destruction of America

The article these excerpts are taken from is here.  If one does not panic after quickly reviewing this, he or she had better do some homework in economics, and not government economics.

You should understand why Bitcoin is permitted to exist, why the federal government is eyeing retirement funds, and why we have concentration camps scattered around the nation on railroad lines.






Canadian billionaire Eric Sprott, founder of Sprott Asset Management, says:
“The only US seller that would be capable of supplying such an astonishing amount is the US Government, with a reported gold holding of 8,133 tonnes.”

Bill Gross, founder of Pimco, the world’s largest bond fund, calls this scandal “the Fort Knox Fairy Tale”, referring to the Army base where the gold is supposedly being held.
Here’s what he said recently:
“$54 trillion of credit in the U.S. financial system based upon trusting a central bank with nothing in the vault to back it up. Amazing!”


At one point, in the 1950s, the U.S. had 20,500 tons. At that time, this represented HALF of all gold ever mined. It was the largest accumulation of wealth the world had ever seen.

This shocking concentration of wealth was a hallmark of the all-powerful and wealthy America other nations envied. But in the last four decades our government squandered all that wealth.

Even the Treasury Department has just published a new report admitting that this kind of loss of confidence would have disastrous consequences for our nation. Here’s what the report said:
[It] has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.”

That explains why the Fed doesn’t want anyone to know our gold is gone.
But they won’t be able to hide this from the public for much longer.

The German Central bank, in fact, keeps 1,536 tons of its gold in storage at the Federal Reserve’s vaults in Manhattan, 80 feet below sea level.
Earlier this year, German auditors demanded to inspect their country’s gold, just to make sure it was still there.

But guess what? The Fed prohibited the Germans from inspecting their own gold!

Of course, that raised a lot of eyebrows in Germany, with one leading member of the parliament, Heinz-Peter Haustein, declaring:
“All the gold has to be shipped back.”

Meanwhile, Carl-Ludwig Thiele, a board member of the German central bank demanded “more transparency on the issue.” He never got that transparency.
[Gene" Fed wants seven years to repatriate the gold!] 

If our country was in great financial shape, having no gold reserves wouldn’t be a problem.

But we all know that’s not the case today.

Back in 1980, the U.S. national debt was less than $1 trillion. Today, it’s more than $17 trillion, which is the greatest debt in the history of the world.

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That is enough for anyone awake to see what to do.





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