America's
Impending Master Class Dictatorship By Stewart Dougherty
| Originally published January 22nd, 2010
At certain times, focusing on the big picture is important
not just for investment success, but for personal welfare,
and even survival. We believe such times are here. It is
estimated that 98% of Americans have never held a gold coin
in their hands. Yet 100% of Americans regularly handle Federal
Reserve Notes. From a contrarian standpoint, the financial
message from those two statistics is clear. Even so, gold
is much more than money or an investment medium; it stands
for liberty and throughout history has facilitated escape
and ensured freedom. Never having touched a gold coin is
the monetary equivalent to never having breathed fresh air,
felt the warmth of sunshine, looked up at the stars or risen
from the gutter. Fiat Federal Reserve Notes are becoming
nothing more than sewage decomposing in the vast, toxic
septic tank of predatory Washington politics, epic Federal
Reserve arrogance and error, blatant Wall Street fraud and
outright Master Class plunder. Below, we outline America’s
troubling and compounding predicament, and urge you to think
about how to protect yourself from its consequences, both
financially and personally.
Thanks to the endless barrage of feel-good propaganda
that daily assaults the American mind, best epitomized a
few months ago by the “green shoots,” everything’s-coming-up-roses
propaganda touted by Federal Reserve Chairman Bernanke,
the citizens have no idea how disastrous the country’s
fiscal, monetary and economic problems truly are. Nor do
they perceive the rapidly increasing risk of a totalitarian
nightmare descending upon the American Republic.
One stark and sobering way to frame the crisis is this:
if the United States government were to nationalize (in
other words, steal) every penny of private wealth accumulated
by America’s citizens since the nation’s founding
235 years ago, the government would remain totally bankrupt.
According to the Federal Reserve’s most recent report
on wealth, America’s private net worth was $53.4 trillion
as of September, 2009. But at the same time, America’s
debt and unfunded liabilities totaled at least $120,000,000,000,000.00
($120 trillion), or 225% of the citizens’ net worth.
Even if the government expropriated every dollar of private
wealth in the nation, it would still have a deficit of $66,600,000,000,000.00
($66.6 trillion), equal to $214,286.00 for every man, woman
and child in America and roughly 500% of GDP. If the government
does not directly seize the nation’s private wealth,
then it will require $389,610 from each and every citizen
to balance the country’s books. State, county and
municipal debts and deficits are additional, already elephantine
in many states (e.g., California, Illinois, New Jersey and
New York) and growing at an alarming rate nationwide. In
addition to the federal government, dozens of states are
already bankrupt and sinking deeper into the morass every
day.
The government continues to dig a deeper and deeper fiscal
grave in which to bury its citizens. This year, the federal
deficit will total at least $1,600,000,000,000.00 ($1.6
trillion), which represents overspending of $4,383,561,600.00
($4.38 billion) per day. (The deficit during October and
November, 2009, the first two months of Fiscal Year 2010,
totaled $296,700,000,000.00 ($297 billion), or $4,863,934,000.00
($4.9 billion) per day, a record.) Using the GAAP accounting
method (which is what corporations are required to use because
it presents a far more accurate and honest picture of a
company’s finances than the cash accounting method
primarily and misleadingly used by the U.S. government),
the nation’s fiscal year 2009 deficit was roughly
$9,000,000,000,000.00 ($9 trillion), or $24,700,000,000.00
($24.7 billion) per day, as calculated by brilliant and
well-respected economist John Williams. (www.shadowstats.com)
Fiscal Year 2010’s cash- and GAAP-accounting deficits
will likely be worse than 2009’s, given government
bailout and new program spending that is on steroids and
psychotic.
Putting Fiscal Year 2009’s $9,000,000,000,000.00
($9 trillion) deficit another way, 17% of America’s
private wealth, accumulated over a period of 235 years,
was wiped out by just one year’s worth of government
deficit spending insanity.
Given this, is it any surprise that Treasury Secretary
Geithner has announced that the release of the nation’s
FY 2009 supplemental GAAP financial statements has been
delayed? Remember, this is the same Secretary Geithner who
bullied people to cover up the sordid details of the AIG,
or more accurately, the taxpayer-funded, multi-billion dollar,
Santa Claus bailout and bonus bonanza for Goldman Sachs.
Do you really think this government, characterized as it
is by fiscal and monetary secrecy, lies, chicanery, cronyism
and stonewalling, wants the people to know what is actually
happening? Obviously, it does not, so it hides from the
public the inexcusable facts.
It is estimated that the top 1% of Americans control roughly
40% of the nation’s wealth. In other words, 3 million
people own $21,400,000,000,000.00 ($21.4 trillion) in net
private assets, while the other 305 million own the remaining
$32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million)
Americans (the lowest 25%) have mean net assets of minus
$2,300 ($-2,300.00) per person; they live from paycheck
to paycheck, or on public assistance. The lower 50% of Americans
own mean net assets of $27,800 each, about enough to purchase
a modest car. Obviously, it would be impossible to retire
on such an amount without significant government or other
assistance. Meanwhile, the richest 10% of Americans possess
mean net assets of $3,976,000.00 each, or 143 times those
of the bottom 50%; the top 2% control assets worth more
than 1,500 times those in the bottom 50%. When you combine
these facts with Wall Street’s typical multi-million
dollar annual bonuses, you get an idea of wealth inequality
in America. Historically, such extreme inequality has been
a well-documented breeding ground for totalitarianism.
If the government decides to expropriate (steal) or commandeer
(e.g., force into Treasuries) America’s private wealth
in order to buy survival time, such a measure will be designed
to destroy the common citizens, not the elite. Insiders
will be given advance warning about any such plan, and will
be able to transfer their money offshore or into financial
vehicles immune from harm. Assuming that the elite moves
its money to safety, there would then be $120,000,000,000,000.00
($120 trillion) in American debt and liabilities supported
by only $32,000,000,000,000.00 ($32 trillion) in private
net worth, for a deficit of $88,000,000,000,000.00 ($88
trillion). In that case, each American would owe $285,714.29
to balance the country’s books. (Remember to multiply
this amount by every person in your household, including
any infant children.)
If the common people suspect that something diabolical
was in the works, a portion of the $32 trillion in non-elite
wealth could be evacuated as well prior to a government
expropriation and/or currency devaluation, resulting in
less money for the government to steal. What these statistics
mean is that it is absolutely impossible for the government
to fund its debt and deficits, even if it steals all of
the nation’s private wealth. Therefore, the government’s
only solutions are either formal bankruptcy (outright debt
repudiation and the dismantling of bankrupt government programs)
or unprecedented American monetary inflation and debt monetization.
If the government chooses to inflate its way out of this
fiscal catastrophe, the United States dollar will essentially
become worthless. You can be absolutely certain that a PhD.
in economics, such as Dr. Bernanke, is well aware of these
realities, despite what he might say in speeches. For that
matter, so are Chinese schoolchildren, who, when patronized
by Treasury Secretary Geithner about America’s “strong
dollar,” laughed in his face. One day, perhaps America’s
school children will receive a real education so that they,
too, will know when to laugh at absurd propaganda.
The government has announced that during the fiscal years
from 2010 through 2019, it will create an additional $9,000,000,000,000.00
($9 trillion) in deficits, an amount that is almost certain
to be understated by trillions given the country’s
current economic trajectory. The government assumes that
this vast additional deficit will be funded by others, such
as the Chinese, as it is a statistical fact that the United
States will be incapable of funding it.
Furthermore, with the budgetary equivalent of a straight
face, the Office of Management and Budget reports in its
long-term, inter-generational budget projection that the
United States government will experience massive, non-stop
deficits for the next 70 (SEVENTY) years, requiring the
issuance of tens of trillions of dollars of additional debt.
The OMB does not project even one year of surplus during
the entire seventy year budget period.
These deficits and debts are now so gargantuan that they
have become surreal abstractions impossible even for sophisticated
financiers to begin to comprehend. The common citizen has
absolutely no idea what these numbers mean, or imply for
his or her future. The people have been deluded into thinking
that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt
fiscal witch doctors and charlatans, including Greenspan,
Rubin, Summers, Geithner and Ponce de Bernanke, have discovered
a Monetary Fountain of Youth that endlessly spits up free
money from the center of earth, in a geyser of good will
toward the United States. Unfortunately, this delusion is
false: there is no Monetary Fountain of Youth, and contrary
to the apparent beliefs of the self-deified man-gods in
Washington, D.C., the debt and deficits are real, completely
out of control, and 100% guaranteed to create catastrophic
consequences for the nation and its people.
When government “representatives” deliberately
sell into slavery the citizens of a so-called free Republic,
they have committed treason against those people. This is
exactly what has happened in the United States: the citizens
have been sold into debt slavery that they and their descendants
can never escape, because the debts piled onto their backs
can never, ever be paid. Despite expensive and sophisticated
brainwashing campaigns emanating from Washington, claiming
that America can “grow” out of its deficits
and debt, it is arithmetically impossible for the country
to do so. The government’s statements that it can
dig the nation out of its fiscal hole by digging an even
deeper chasm have become parodies and perversions of even
totally discredited and morally disgusting Keynesianism.
The people no longer have elected representatives; they
have elected traitors.
The enslavement of the American people has been orchestrated
by a pernicious Master Class that has taken the United States
by the throat. This Master Class is now choking the nation
to death as it accelerates its master plan to plunder the
people’s dwindling remaining assets. The Master Class
comprises politicians, the Wall Street money elite, the
Federal Reserve, high-end government (including military)
officials, government lobbyists and their paymasters, military
suppliers and media oligarchs. The interests and mindset
of the Master Class are so totally divorced from those of
the average American citizen that it is utterly tone deaf
and blind to the justifiable rage sweeping the nation. Its
guiding ethics of greed, plunder, power, control and violence
are so alien to mainstream American culture and thought
that the Master Class might as well be an enemy invader
from Mars. But the Master Class here, it is real and it
is laying waste to America. To the members of the Master
Class, the people are not fellow-citizens; they are instruments
of labor, servitude and profit. At first, the Master Class
viewed the citizens as serfs; now that they have raped and
destroyed the national economy, while in the process amassing
unprecedented wealth and power for themselves, they see
the people as nothing more than slaves.
America’s public finances are now so completely
dysfunctional and chaotic that something far worse than
debt enslavement and monetary implosion, terrible curses
unto themselves, looms on the horizon: namely, a Master
Class-sponsored American dictatorship.
Throughout history, the type of situation in which America
now finds itself has been a fertility factory for tyranny.
The odds of an outright overthrow of the people by the Washington
and Wall Street Axis, or more broadly, the Master Class
are increasing dramatically. The fact that so few people
believe an American dictatorship is possible is exactly
why it is becoming likely.
Dictatorships have blighted history and ruined lives since
the beginning of civilization. In recent times alone, tyrants
such as Hitler, Stalin, Lenin, Ceausescu, Amin, Hussein,
Mussolini, Tojo, Kim, Pinochet, Milosevic, Tito, Batista,
Peron, Pol Pot, Mugabe, Marcos, Somoza, Mengistu, Bokassa,
Sese Seko, Franco, Ho Chi Minh, Mao, and Castro have power-sprayed
blood onto the screen of time and ravaged mankind with murder,
torture and human oppression. A full catalog of history’s
tyrants would require a book of hundreds of pages. In the
past 100 years alone, over 200 million human beings have
been annihilated by wars, ethnic cleansings and government
assassinations. Just when we think that civilization has
been able to rise above tyranny’s inhumanity and disgrace,
a new dictator appears on the scene to start the process
all over again. Every time this happens, fear and submission
paralyze the vast majority of the affected masses, leading
them to “follow orders” and lick autocracy’s
blood-stained boots.
History has proven to tyrants that oppression works. In
fact, it is easy to control a populace, once you control
the money, markets, military (including police), media and
minions (the recipients of welfare, social security, free
health care, government jobs and the like, who are dependent
upon the state and likely to be compliant). This is exactly
where the United States is today.
Recent American events paint an ominous picture of a Master
Class that is now in total control.
When 90% of the American people vehemently rejected the
$700,000,000,000.00 ($700 billion) TARP bailout plan, the
Master Class put it on a fast track and approved it anyway.
When a clear majority of the American people said no to
a government takeover of Chrysler and GM, the Master Class
poured billions of taxpayer dollars into those corporate
sinkholes and took them over anyway.
When the people said no to multi-trillion dollar crony
bailouts for the bankers and insurers whose corruption had
caused global financial mayhem, the government pledged to
those elite insiders more than $13,000,000,000,000.00 ($13
trillion) of the people’s money anyway.
When the people expressed astonishment and anger that
Wall Street planned to pay itself record 2009 bonuses, in
the midst of America’s worst-ever fiscal and financial
crisis caused by them, Wall Street stuffed its pockets with
taxpayer-supported bonus money anyway.
When the people said no to a proposed $40,000,000,000.00
($40 billion) bailout of AIG and its elite trading partners
such as Goldman Sachs (an amount that subsequently exploded
to $180,000,000,000.00+ ($180+ billion)), the Master Class
went underground, covertly misappropriated taxpayer money
and made the payoffs anyway.
When Fannie Mae and Freddie Mac were nationalized at enormous
taxpayer expense, the government approved $6,000,000.00
individual pay packages in 2009 (150 times the average American
wage) for the CEOs of both failed companies anyway.
When a clear majority of the people said no to nationalized
health care, even after being bombarded by a multi-million
dollar, lie-drenched propaganda campaign designed to bamboozle
them, the House and Senate passed nationalized health care
bills anyway.
When more than seven million American workers lost their
jobs and were subsisting on unemployment benefits and food
stamps, federal government employees, who now earn DOUBLE
what private sector workers earn, were given another round
of pay and benefits increases anyway.
When private sector workers’ 401Ks and IRA retirement
plans plummeted in value due to economic collapse and endemic
Wall Street-orchestrated market corruption (including systemic
front running, flash trading, naked short selling and other
manipulations), government “defined benefit,”
lifetime-cost-of-living-adjusted pension plans, despite
already being underfunded by $2,000,000,000,000.00 ($2 trillion),
were made richer than ever anyway.
The long, shameful litany of events signaling the total
divorce between the Master Class and the people of the United
States doesn’t stop there. It goes on and on.
The message from the American Master Class to the American
people is simple and clear:
We Defy You.
Governments that openly defy the people are either already
totalitarian or in the process of becoming so. Monetarily,
the United States clearly functions as a totalitarian dictatorship
already, with a Federal Reserve that operates in secrecy,
creates limitless amounts of debt and currency at will,
and showers trillions of dollars upon favored Master Class
insiders with zero transparency or accountability whatsoever.
The Federal Reserve is so shameless about its dictatorial
powers that it flatly refuses to provide details about multi-trillion
dollar bailouts and rescues of privileged elites, in open
defiance of Congress and the people. The fact that they
get away with these blatant acts of defiance demonstrates
the true extent of the Master Class chokehold on America.
If the Master Class were a benign despot and if its policies
and programs actually worked, that would be one thing. But
that is not the case. Rather, its programs are in a complete
shambles.
Every single government entitlement program in the United
States is bankrupt. This includes Social Security ($17,500,000,000,000.00
underfunded; $17.5 trillion); Medicare Part A ($36,700,000,000,000.00
underfunded; $36.7 trillion); Medicare Part B ($37,000,000,000,000.00
underfunded; $37 trillion); Medicare Part D ($15,600,000,000,000
underfunded; $15.6 trillion), Government and military pensions
($2,000,000,000,000 underfunded; $2 trillion), Food Stamps
(current underfunding difficult to measure because the number
of recipients is exploding; hundreds of billions underfunded
versus original projections, minimum); and the list goes
on. The above underfunding amounts are NET of projected
tax receipts over the next 50 years. But the current recession
has invalidated virtually all long-term budget and tax receipt
assumptions, meaning that the true underfunded amounts are
now greater than current, already mind-boggling estimates.
While the above statistics are terrifying enough to any
citizen with a functioning brain, what is Twilight Zone-eerie
and a far more serious cause for alarm is the casual indifference
with which the Master Class is now making the country’s
dire and irreparable fiscal circumstances even worse.
The nationalized health care program will cost at least
$1 trillion over the next ten years, and most likely multiples
of that. It is being crammed down America’s throat
by a bankrupt government that does not have the money today
and will not have the money tomorrow to pay for it. Worse
is the fact that the same government that has bankrupted
each and every existing social program now intends to directly
or indirectly control the health care of all citizens. Based
on the government’s existing track record and the
health care program’s enormous complexity, invasiveness
and cost, the probability that it will become a national
fiscal and humanitarian catastrophe is roughly 100%.
“Cap and Trade” is a multi-trillion dollar
tax scam being foisted onto the American public without
a legitimate debate or popular referendum. You might be
surprised to learn that “Climate Revenues” are
already included in the federal budget, starting with $79,000,000,000.00
($79 billion) in fiscal year 2012, which begins only 20
months from now. During fiscal years 2012 through 2019,
the government expects to collect $646,000,000,000.00 ($646
billion) in “Climate Revenues,” a completely
new tax category. Have any of your elected traitors told
you that they have enacted $646,000,000,000.00 ($646 billion)
in “Climate” taxes beginning twenty months from
now and continuing forever? These “Climate Revenues”
are based on junk science, lies and hysteria, and have been
pimped by greed-diseased parasites who seek to make billions
from operating and manipulating the Cap and Trade “marketplace.”
Favored elitists such as Hank Paulson, Al Gore, General
Electric and Goldman Sachs, among others, have positioned
themselves to profit from the nation’s upcoming Cap
and Trade tax misery and economic debilitation.
The reality is that the giant Ponzi scheme called the
United States of America is running out of money. In any
Ponzi scheme, money must constantly be poured into the top
of the funnel in order to pay the redeemers at the bottom.
As the number of redeemers has grown, tax receipts have
fallen far short of covering their withdrawals, a problem
that has now become an outright government funding emergency
further aggravated by the fiscal, financial and economic
crises.
If the Washington and Wall Street Axis were not legally
able to create and distribute counterfeit American money,
the Ponzi scheme would have collapsed already. Trillions
of new, out-of-thin-air, printing-press and electronic “dollars”
have bought the Axis additional time, but new sources of
revenue must immediately be found to keep the scam alive.
Congress is fully aware of this reality. Outright tax increases
would be bad politics during a recession that is morphing
into a depression, and also bad for 2010 re-election campaigns,
so they cannot be implemented. Therefore, Congress continues
to advance the health care and Cap and Trade agendas, which
are nothing but taxation Trojan Horses festooned in righteousness
and sanctimony, despite overwhelming popular opposition.
If the nationalized health care program is passed, revenues
and fees will kick in immediately in 2010, whereas costs
will not begin to accrue until 2012 and later. The government
plans to spend the revenues immediately to forestall a total
fiscal collapse. Nationalized health care has absolutely
nothing to do with health care; it has to do with creating
an immediate revenue stream to help fix the current government
funding crisis. Similarly, Cap and Trade has nothing to
do with fixing the environment. It, too, is nothing more
than a massive tax increase similarly designed to address
the government’s epic funding shortfall, with thick
slices of pork thrown in for privileged insiders and deceitful
propagandists like bloated “Father of the Internet”
and now “Savior of the World” Al Gore.
The last thing the Master Class wants is for the people
to understand the disastrous state of the nation’s
finances. Master Class brainwashing tells the people that
it is “negative” and “pessimistic”
to look at the facts, despite the fact that psychological
health is characterized by the ability to identify and deal
with reality. The Master Class wants the people to put on
Bozo the Clown happy faces and let sugar plums and green
shoots dance in their brains as they write one check after
another to pay for Cap and Trade, nationalized health care,
and a mind-numbing assortment of other taxes and fees.
On Sunday night, November 30, 2009, North Korea’s
dictator Kim Jong Il (a name that says it all, even better
than Made-off’s), an international poster child of
Master Class psychological illness, devalued his country’s
currency by 99%. This vicious tyrant, who has given birth
to a national hell on earth, is chauffeured in Mercedes
Benz limousines, drinks the finest imported whiskies and
dines in imperial dignity on foods prepared by personal
chefs while his citizens starve to death on the streets
or, at best, eke out a subsistence living. Kim became paranoid
that the people were actually figuring out how to improve
their pitiful, impoverished lives in tiny ways, so he decided
to wipe them out. The people were given one week to exchange
their money at a rate of 100 old Won for 1 new Won. Any
lifetime family savings in excess of roughly $700.00 were
simply confiscated by the North Korean government. To keep
the people in line, the military and police were put on
high alert, fully prepared to kill or arrest any protesters.
On January 9, 2010, Venezuela’s strong man Hugo
Chavez devalued his country’s currency by 50%, overnight
and without warning, causing immediate inflation, shortages
of food and supplies, and general financial chaos throughout
the nation.
While you might be shaking your head in pity over the
plight of the citizens of North Korea and Venezuela, ask
yourself this: could this not happen in the United States?
On April 5, 1933, President Franklin D. Roosevelt, an
Obama hero, outlawed gold ownership overnight by signing
Executive Order 6102, which gave the people three and one-half
weeks to surrender all privately-owned bullion to the government
for a price of $20.67 per ounce. On January 30, 1934, nine
months after collecting the people’s gold, Roosevelt
devalued the dollar 69% overnight, by raising the gold price
from $20.67 to $35.00 per ounce.
Since its founding in 1913, the Federal Reserve has devalued
the dollar by 98+% thanks to endless money printing and
debt creation, a corrosive and impoverishing process that
is now accelerating. In the past year, the Fed has engineered
$20+ trillion in bailouts, subsidies and guarantees for
well-connected and lucky scavengers and opportunists, an
amount equal to roughly 40% of the total private wealth
created in this country since its inception. All because
a few elitist government man-gods with an almost perfect
record of error and failure have deemed in their imperial
wisdom that it shall be so. The citizens, whose hard-earned
wealth is being systematically destroyed by this continual,
government-decreed monetary debasement were never invited
to the debate or given a say, which is par for the course
for dictatorships. This massive de facto devaluation now
hangs over the people’s wealth like a great monetary
sword of Damocles.
Conceptually, whether it is a 50% overnight devaluation
in Venezuela, a 69% overnight devaluation in the United
States, a 98% devaluation in America over time, or a 99%
overnight devaluation in North Korea, what is the difference?
The fact is: there is no difference; monetary debasements
are all the same. In each and every case, the people’s
wealth is stolen via government edict, while the people
stand by helplessly and in shock.
So one must ask: For whom does the bell toll? A foreign
“them,” or a domestic us? Who is to say that
you will not be told tomorrow morning that, effective immediately,
in accordance with some perversely named mandate such as
the “American Monetary Security, Wealth Preservation
and Terrorism Prevention Act,” enacted by emergency
for “the safety of the nation and the financial well
being of the citizens,” all existing currency and
bank balances will be redenominated in “New Dollars,”
at a conversion rate of 1 new for every 100 old currency
units? Would this not simply be another, almost predictable
act of defiance toward the American people by the Master
Class? And if that happened, do you honestly believe that
the Master Class would not have been alerted in advance
and allowed to make special preparations for itself ahead
of the devaluation? Do you think they intend to go down
in the same ship as the people they defy? If such a currency
devaluation were announced, what could you do about it?
March on Washington? But how would you get there if your
money had been wiped out?
Despite what you may hear from State Media, which includes
virtually all establishment news organizations, particularly
financial ones (e.g., CNBC), America is on the precipice.
No bankrupt nation in history has ever defended or preserved
the freedoms of its citizens. In fact, it has been the exact
opposite: in desperation, bankrupt governments have routinely
plundered their citizens’ wealth and imposed totalitarian
controls. What will make things different for the United
States, the largest debtor nation in all of recorded civilization?
The United States government cannot ever, possibly pay
its debts, is pathologically incapable of controlling its
spending or curbing its hunger for both domestic and international
empire and persistently refuses to tell the American people
the truth. If America’s citizens were told the truth
and given the benefit of true leadership, as opposed to
the guile and dishonesty of an endless array of political
liars and hacks, perhaps they could rally and defeat the
problems that afflict them. But instead, they are fed by
the Master Class a steady diet of narcotic propaganda that
deludes, confuses and enervates them. The truth cannot set
people free if it is never told, and that is the essence
of America’s gathering tragedy.
In a future article, we will detail specific developments
you should watch for to chart the course of America’s
ominous and potentially deadly national storm. The current,
grave situation is already a clear call to action. When
the signals become even more urgent, it will be late in
the game to take protective action, and possibly too late.
Citizens should begin to prepare now not just for financial
survival, but for the personal security of themselves and
their loved ones should a Category 5 economic and political
hurricane rip into the nation, something that becomes more
likely every day.
With respect to personal finances, in virtually every
national currency devaluation and major political upheaval
in the past, gold has represented sanctuary for the affected
people. Gold has not just preserved wealth, but personal
freedom as well. While governments can devalue fiat currencies,
they cannot, by edict, devalue gold. Yes, they can try to
manipulate its price, but unless all governments join in
the collusion, ultimately the price will return to market.
The market for gold is global, and demand exists in all
nations and among all peoples. Should the government attempt
to confiscate gold, it will be an outright admission that
the financial system is collapsing, and the people will
know better than to hand over to a corrupt government their
only means of survival. The most important point is this:
devalued currencies never rise again. Once they are destroyed,
they are gone forever, and those whose wealth had once been
denominated in them are wiped out. As you have no doubt
heard before, not one fiat currency has survived over time,
and that is an indisputable fact. More significantly, no
fiat currency has ever suffered the abuse that has been
inflicted upon the United States dollar, meaning that it
is at extreme risk. Gold has been money for 5,000 years.
It has not merely survived, it has prevailed over each and
every fiat currency collapse throughout history. Given this,
the most important financial question a person can ask him-
or herself today is: How is my wealth denominated at this
time? And given its denomination, is my wealth likely to
be safe in current and evolving circumstances?
One thing is certain: as the epic David and Goliath monetary
battle unfolds, between the people fighting to defend their
hard-earned wealth on one side, and a Master Class that
greedily and pathologically wants to plunder them on the
other, the price of gold will become extremely volatile
for a period of time. Volatility will, in fact, tell you
that the War on Wealth has officially been declared, and
will be your signal to do whatever you must to protect what
is yours. As the government Goliath and its Master Class
allies short tonnes of bullion into rigged futures markets
in a desperate attempt to make gold look dangerous and risky,
the Davids will be coming forth not just in the United States
but from all corners of the globe, buying 10 grams here
and one ounce there. There are 6.8 billion Davids, versus
one diseased Master Class that numbers in the small millions.
There is no way the Master Class can defeat the people,
if the people finally rise up and say “No More of
Your Plunder. No More of Your Cold and Soulless Financial
Oppression. No More of Your Cynical and Godless Exploitation.”
If you find the above argument compelling, you should
consider how to protect yourself from Executive Orders that
could be issued at any time, under any pretext, and that
could be extremely hostile to your financial and/or personal
health and well being. One simple way to start is to purchase
one ounce of gold for yourself and each member of your household,
and much more if you can afford it. That is not financial
advice; it is merely the common sense generously communicated
to you by history.