The US financial holocaust to come
....On July 1 1944 , as part of what became known as the Bretton Woods Agreement, the American government gave its word to the American people and to the world that in exchange for $35 US paper dollars, the American government would hand over an ounce of real gold. That was the promise that gave the American paper dollar its value!! In fact, the vast warehouse of gold stored at Fort Knox came to be acknowledged and accepted as the tangible proof of that promise. The world had to trust ever since, that the US government would not print any more paper money than there was real wealth to redeem the bills. That is the understanding and the promise upon which the value of American paper money has been based.[2]
However, neither the government (the elite), nor the media (the elite) saw fit to make it clear to the American people that the real wealth and value (upon which the American paper money was based), was systematically being removed!
As long as a gold coin is made of gold, it can theoretically be taken to any other country in the world and melted down for the value of the gold it contains. However, while the US government has exercised exclusive control over the minting of coins, they have slowly devalued the currency by minting coins which looked somewhat the same, but which contained less of the precious metal than they were supposed to contain. Now the majority of coins in America have scrap metal value only. The dimes, for example, are no longer made of silver, the quarters are now made of sandwiched alloys. In other words, over time, the real value of coins has been stolen!! In case you are wondering, the gold and silver that used to be in the coins has not disappeared or corroded, it's weighing down the Swiss vaults like never before.
During the Vietnam war, there were over 500,000 military personnel that had to be fed, housed, paid, hospitalized and entertained while they weren't busy dropping expensive bombs, and chemicals on a barefoot peasant population. This was indeed a very costly war. But the American elite simply spent, and spent and spent. Of course the elite knew that the American people would have cut off funds for the war if they had been given an opportunity to do so. Instead, the elite used the treasury's printing presses to pay for the Vietnam War. The American government secretly printed as much paper money as it wanted or needed to carry on the War. Eventually, foreign bankers, who suspected this might have been going on (i.e. that paper money was being printed without actually creating the real wealth to redeem it), called America 's bluff by demanding to redeem their American paper dollars for actual gold.
Finally, the US refused to redeem 35 American paper dollars for an ounce of real gold!! The deceit had at last been exposed.
Real money thus has intrinsic value, while paper money has none. Its only value is that conferred upon it by market forces. Its market value will last only for as long as, and to the extent that, there is public confidence in it and demand for it in the market..........
full article
However, neither the government (the elite), nor the media (the elite) saw fit to make it clear to the American people that the real wealth and value (upon which the American paper money was based), was systematically being removed!
As long as a gold coin is made of gold, it can theoretically be taken to any other country in the world and melted down for the value of the gold it contains. However, while the US government has exercised exclusive control over the minting of coins, they have slowly devalued the currency by minting coins which looked somewhat the same, but which contained less of the precious metal than they were supposed to contain. Now the majority of coins in America have scrap metal value only. The dimes, for example, are no longer made of silver, the quarters are now made of sandwiched alloys. In other words, over time, the real value of coins has been stolen!! In case you are wondering, the gold and silver that used to be in the coins has not disappeared or corroded, it's weighing down the Swiss vaults like never before.
During the Vietnam war, there were over 500,000 military personnel that had to be fed, housed, paid, hospitalized and entertained while they weren't busy dropping expensive bombs, and chemicals on a barefoot peasant population. This was indeed a very costly war. But the American elite simply spent, and spent and spent. Of course the elite knew that the American people would have cut off funds for the war if they had been given an opportunity to do so. Instead, the elite used the treasury's printing presses to pay for the Vietnam War. The American government secretly printed as much paper money as it wanted or needed to carry on the War. Eventually, foreign bankers, who suspected this might have been going on (i.e. that paper money was being printed without actually creating the real wealth to redeem it), called America 's bluff by demanding to redeem their American paper dollars for actual gold.
Finally, the US refused to redeem 35 American paper dollars for an ounce of real gold!! The deceit had at last been exposed.
Real money thus has intrinsic value, while paper money has none. Its only value is that conferred upon it by market forces. Its market value will last only for as long as, and to the extent that, there is public confidence in it and demand for it in the market..........
full article
posted by Bro.Charles Peterson at 6:18 PM
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