In Gold We Trust

[aShogunNamedMarcus]

So I found this essay/article/huge written segment browsing along the web. I think its interseting. It was written by an 80 year old man to his grandson from what I read.

***
When you were down here you asked why I thought of gold as a "store of value." The easy answer is that an ounce of gold is "real money" as distinct from pieces of green paper. An ounce of gold has approximated the price of a fine suit of clothes, a thousand years ago, a hundred years ago, thirty years ago, and today. People who refuse paper money will always accept gold.

Never let yourself be confused by the numbers on the pieces of paper. They can be changed at will by any bunch of politicians, acting in concert. No politician can destroy a real store of value.Mind you, I have never subscribed to the idea that I am smart and other men are stupid. I try not to sell myself short, but I believe -- generally speaking -- the other guy is just as smart as I am. I give the other guy credit for having just about the same motivations.

With my profession as a writing man, I use that profession wherever possible to increase my material wealth. Other men are professional politicians. I expect them to use their profession wherever possible -- and legal -- increasing their own wealth.When I reached Chicago in 1930, I landed on the Near North Side, in the 43d Ward. I grew to know the ward committeeman, Mathias Bauler. I was a young reporter living in his area and we cultivated each other. >From listening, I learned a bit about politics and politicians.

In succeeding years, I learned that what was true in the 43d Ward was true throughout Chicago. In 1937 I went to work on the Rocky Mountain News in Denver. What I had learned of 43d Ward politics was equally true out there.In 1938, I was working on the Toronto Star. I found that what was true of American politics was equally true of the Canadians. In 1939, I was sent to cover Washington and the Roosevelt White House for two years. What was true in Chicago was true, I found, in Washington. Over the years I found that what was true with one group of men -- newspapermen or politicians -~ was equally true of others of the same groups, wherever found. I later had a chance to confirm these observations in London, Paris, Vienna, and Rome. In each place, beginning with Chicago, I made it my business to study history as well as current events. It all checked out.

Forgive me if I go all around Robin Hood's barn in getting to the subject of gold as a store of value. I have become accustomed to writing at so much a word, and it is hard to break the habit.

Gold is what men buy when they want to lay a bit of wealth aside for a rainy day. Gold is what men will sell if they see a chance to turn a bit of a profit in doing so. Gold is what Midas acquired.In 1932, Americans went to the polls. Under the usual propaganda campaign they elected an international banker, Franklin Delano Roosevelt, President of the United States.Too many persons have forgotten FDR's history. In l923-1926, he was president of the bank which sold Deutsch marks and German bonds to a greedy American public. It was a swindle. The D-marks and bonds were worthless. Only FDR and his associates got rich out of the deal.Roosevelt was elected in 1932, to be inaugurated March 4, 1933. Every thoughtful American could see (as any thoughtful American can see today) that banks were insolvent and were going broke every day.Three weeks before the inauguration, Bernard Baruch, the wealthy stock exchange speculator, publicly stated:"The condition of the country is the most serious in its history. Talk of inflation retards business. Start talking about that and you will not have a nickel's worth of gold in the Federal Reserve System."

By Feb. 19, 1933, gold withdrawals from banks increased from five to fifteen million dollars a day. In two weeks, $114,000,000 in gold was taken for export and $150,000,000 withdrawn to go into hiding. Roosevelt, the international banker turned politician, did what his instincts and training taught him to do: he used his profession legally to double his own wealth and that of his friends. FDR decided to increase the price of an ounce of gold from $20.16 to $35. He did not increase its value, just its price. Having made his decision, he passed the word among his friends. Thousands of insiders" are always privy in advance to a bonanza such as this. The word is passed to family and political associates.Then the nine politicians on the Supreme Court bench are informed. Then the leaders of both Houses of Congress. Naturally, the cabinet members and the top bureaucrats in Government are informed.

A really tremendous swindle cannot be kept secret from everyone.

Leaders of the domestic banking fraternity -- Chase Manhattan, or Chase National as it then was called; National City Bank, et al. And leaders of the international merchant banking fraternity

[aShogunNamedMarcus]

Every spokesman for our Government today tells all us ordinary Americans that gold is not important in our scheme of things. All the mainstream media (New York Times, Washington Post, Chicago Tribune, Los Angeles Times) tell us we would be silly to buy and hold any store of the yellow metal. If the Government is in favor of each of us buying gold, get suspicious at once. If the Government tells us not to buy gold, go out and acquire all you can. That's Rule No. 1. If the major newspapers and television networks assure you that everything is hunky-dory and that the physical possession of gold only means you lose interest on other investments, go out and buy gold. That's an extension of Rule No. 1. Go back and study what I've written about Franklin Delano Roosevelt and his associates putting over their 1933 swindle on the American people. Nothing has changed. In 1949, just after World War II, the U. S. Treasury boasted of holding 700 million ounces of gold. In the early '80s, this figure had dropped to 250 million ounces. Recently I saw an estimate that the Treasury now holds less than 50 million ounces of gold. Where did it go? Was it good for the Treasury to have had 700 million ounces, or was that a very grave mistake? If it was good for the Treasury to have 700 million ounces then, is it bad to have only 50 million ounces today? It seems to me those are pertinent questions. Until 1971, the U. S. Treasury had been losing gold to foreign countries, about 436 million ounces. Then President Richard M. Nixon said foreign governments no longer would be able to change their dollars into gold.

So much for our Government's promises to pay.

In other words, in 1971 the Government of the United States acknowledged to the world that it is bankrupt. The Government said that its promise to redeem paper money with gold was an outright lie.When Roosevelt changed the price of gold, there was a reason. He and his friends made a bundle at the expense of ordinary people. When Nixon changes the price of gold, there is a reason. He made a bundle.

Some writers, in their arrogance, call politicians "stupid." Robert J. Ringer, in his 1983 book, "Looking Out for No. 1," wrote of this period from 1950 to 1980: "The U. S. Government, in an incredible display of stupidity, has seemingly found endless ways to squander its gold supplies ..."

As I said earlier, I never think of myself as smart and all other men as stupid. When the politicians who are our Government act in a way which one would characterize a

[Alexey]

coles notes please

[aShogunNamedMarcus]

stop post whoring (I know, I'm a hypocrit)

read it and you just might learn something.

[Alexey]

Originally posted by aShogunNamedMarcus
stop post whoring (I know, I'm a hypocrit)

read it and you just might learn something.

reading...


and yah im on a whore fest for a bit.. im getting ready to go out and get hammered again

[Team2K]

what does NFA mean?

and ya... nutshell please

[aShogunNamedMarcus]

nfa is no f*ckin around

[pedalhound]

I have heard of this, good read.

[eddiebrannan]

One of the perks of stardom is the indulgenc of unusual requests. Ozzy Osbourne used t require the presence backstage of an ear, nose and throat specialist who could administer B-1 shots. Guns N

[aShogunNamedMarcus]

Source Eddie - that was a good yet uncanny on the mark rebuttal to that.

At first I was like "wow, first post of mine that Eddie hasnt insinuated I"m implying a US Gov't cover up

[cdnredneck]

Originally posted by Alexey
coles notes please

i agree.

[eddiebrannan]

oh oops - sorry that was an article from the new yorker. i read it recently and it came to mind when i read yours.

i'll take the opp. to slip this in...............

mono-atomic gold.

By Joel Garreau
Washington Post Staff Writer
Monday, July 23, 2001; Page C01


Humans are actually a slave race created 200,000 years ago to
mine monoatomic gold that creates exotic powers for alien beings
from a 10th planet, the overlords of which are now remembered by
mankind as ancient Sumerian, Babylonian, Egyptian and Hebrew
gods.

So contended one Neil Freer on May 24 at the Arlington
Institute, after its president, John Peterson, had told his
audience, conspicuously including uniformed U.S. military
officers, that Freer's presentation might change their lives.
The institute advises on planning for the future. Its respected
client list includes the U.S. Navy, Air Force, Marine Corps and
Coast Guard.


search google on the stuff..............

http://www.google.ca/search?q=mono-a...=&start=0&sa=N


i just couldn't resist shogun................

[FullMonty]

Don't worry, Stacy... McGyv... I mean Richard Dean Anderson will simply go through the stargate and KICK... SOME... ASSS!

EDIT: On another note, I finished reading Robert Heinlein's book For Us, The Living. Very interesting book, and forward-thinking, considering it was written in 1939. Basically argues for a Social Credit Utopia. Money is created by the government without any actual basis in a commodity, so that consumption is kept equal with production. Eliminating poverty, unrest, etc.

However, since it's all other-dimensional aliens anyway, I suppose we can't rely on the government to regulate the monetary system in our favour.

[aShogunNamedMarcus]

Originally posted by stacy kohut
i'll take the opp. to slip this in...............

mono-atomic gold.

i just couldn't resist shogun................

No worries. So lets say its all true, the gold would be like a premium super food?