A. THEIR PLANS FOR COLLAPSE, WINNER TAKES ALL!
9 June 2013, Gold-Eagle.com, contributing editorial by Roxanne Lewis
Pasted from: http://www.gold-eagle.com/editorials_12/lewisr060913.html
“When the Federal Reserve decides to move interest rates higher the bond market will collapse. It will be the biggest bubble the world has even seen and all will suffer!” “In the end it will not matter if you were early purchasing gold and silver…but that you were too late!” Roxanne Lewis
The failure of economic theory has led us down this path to ruins! The powered elitist’ who own the central banks and their bought politicians are stumbling in the dark groping for the magic pill to jump start the world’s economy. Or is this their plan to destroy the economy so the masses will starve? Their infinite egos dictate that they control and manipulate the entire world’s economy in their plans for their “One World Order”.
They planned new business growth for clean energy that is too expensive to accomplish, they instigated business regulations that stifle small businesses, tax codes that behoove businesses to leave the U.S. and a government that believes America can survive with a populace that is beholden to them for food, housing and medical care. The past 30 years in America have produced nothing but devastation to our once thriving cities. We have lost our steel and iron industry, our automobile manufacturing and production sectors dominance, and the loss of our fabric production and garment industries. These job losses have decimated once thriving cities like Philadelphia, D.C., Detroit and left millions without work and destined to lives of welfare.
Today one sees the systemic problems on even the streets of your home town. We are witnessing the results of our governance’s inept policy failures every direction we look. Once productive neighbors are out of work, homes are for sale or in foreclosure, friends and families are now using food stamps, neighborhood businesses are in foreclosure or shuttered, new empty store fronts daily while bloodsucking pawn shops have sprung up in their place with rows of pawned vehicles out front. Inequality has always been evident around the globe but is now happening in your backyard. Our country is stagnated and our world’s economy is close to total collapse. Americans are suffering because our government no longer supports a free America. They no longer support self reliance but suggest dependence, no private ownership but corporate fiefdoms, no freedom of choice but dictates of labor, wages, healthcare and religion. Why? So the politicians can retain their jobs and the elitist’ receive more land, more corporate profits, more money and their mission of “a new Atlantis”!
Leaders, throughout history, have looked to economists for guidance in financial matters and have utilized their explanation of the facts they see. They are relegated as the “experts” who possess some infinite wisdom that the common man could never discover, express nor less understands. The “Economist” spells out the problem and the solutions to aid the world’s economic malaise. They give long theories, offer opinions, recommendations and then dispense supposedly unbiased, objective, apolitical and unemotional analysis of our state of affairs. The economists continue their din of words reminding us that “the cost of money is determined by dropping or rising interest rates, when interest rates rise, the cost of money goes up, inflation drops therefore gold topples.” The economist’s dictate these movements as foreseeable, right? Wrong, because today everything has been “fixed” with zero percent interest rates for 4 years and manipulation through counterfeiting money which they have injected into the system like a continuous shot of morphine to deaden the pain and make everyone feel good. Their economics have simply not changed as our world has changed. The world initially had an abundance of natural resources and little capital to extract these resources. Today we have fewer resources with added regulatory costs and too much capital chasing a multitude of projects. CAPITAL NO LONGER FLOWS TO ITS BEST USAGE BUT TO A MULTITUDE OF AVERAGE TO POOR USAGES! This is just a part of the reason we see so many abandoned office buildings, closed businesses, abandoned housing projects and forced, failed government supported business expansions such as Solyndra who got $35 M before they too claimed bankruptcy? I wonder who got the bag of money and why aren’t they being fined for the hazardous waste they left behind?
Today, the economist states, we are resetting to the “new normal”. This resetting only supports the large private banks that include the Federal Reserve, in printing and propping up every financial mechanism available in an effort to maintain our country & world’s fiscal health. This includes stocks, Treasury and Municipal bonds while accepting low trade volume as the “new normal” as well. They are sitting back and enjoying the fact that private investment has disappeared. They know that in order to prosper the populace needs them for credit investments. Our federal government is even beholden to this central bank for its own existence and the Dow Jones as well. It reminds one of the old Soviet Russia before their fall!
Our nation’s leaders are but puppets for the elitists who have “hired gun economists” dole out the same failed recipe other nations have followed in this “Les Miserable” opera. Economies like Greece, Spain, Italy, Portugal, France, Turkey and others all topple. Who will be next, Japan, England or the United States? Probably in that order I’d suspect!
Next we the taxpayers get the bill for the politico’s salaries, benefits, and retirements, bail outs, bail ins and every give away they can dream up while the corporations never pay any taxes. Next it will be the theft of your dollars again from an idolatry of the stock market and the nationalization of the minorities 401k’s. The politicians will then start all over with the same problem or another insignificant problem they dream up e and make a big deal about nothing, just a different day, while blowing the whole experiment over and over again. They never get it right because they fail to listen to their citizenry who already knows the correct answers yet never gets called on by the teacher to report it. Where are the real “economists” who have the common sense to state that this failed experiment must be dumped and a new currency created with the solid backing of precious metals?
What we need is a shakedown of the whole bloated, corrupt, failing and problematic governance we have in America. We need government to implement and show the entire world what needs to be done to get people back to work. We need to get rid of N.A.F.T.A. (Numbskulls Attempting To Fool Today’s Americans). We must return our manufacturing jobs to our once great cities and to accomplish that we must revise our seven foot tax code making it conducive to business start ups, reinvestment and corporate relocation. We must rebuild our failing infrastructure instead of bailing out banks. America must take the lead and provide the guidance needed to assist the Euro Zone, England and Mexico to nourish the people with jobs. Maybe build new high speed rail systems to move people and products like China has. The side asset would be savings in fossil fuels while improving the much touted green house gases. WE NEED OUR GOVERNMENT TO USE THE TRILLIONS THEY WASTE GIVING MEN A FISH, TO ALLOWING MEN TO FISH!
We need to term limit all the inept, parasitic lifers that are the root of the problem and no longer allow them to serve from “cradle to grave”. Every government entity needs to be stripped down to the bare basics. If one lies, cheats or fails to support the laws of our constitution it should be one strike you’re out! Keep the good meat and throw out the bad. There simply is not one good program, few good politicians that are worth keeping and the new programs that appear to be corrupted by the old regime. If you can say you support the system we currently have and believe in their decisions keep doing what you have been doing. If you have your doubts make the change now to get out of their systems, their banks, their stock markets and shopping their corporations. Get your dollars into real money by purchasing gold and silver. The bankers will never refer to gold and silver as “real money” but it has been proven to be just that over thousands of years whenever paper money is debased. Protect your family before it’s too late by purchasing gold and silver!
[If it’s worth your owning, it’s worth their trying to steal. Mr. Larry]
B. Don’t Dismiss The Possibility Of Gold Confiscation
6 June 2013, Gold-Eagle.com, commentary by Jeff Thomas International Man
Excerpt pasted from: http://www.gold-eagle.com/editorials_12/thomasj060613.html
If you hold precious metals in your portfolio, there is a good chance you fear hyperinflation and the crash of fiat currencies.
You probably distrust governments in general and believe they are self-serving and have no interest in your economic well-being. It is likely that your holdings in gold are your lifeline – your hope to get you through these times while holding on to your wealth. But have you ever given any thought to the possibility of having this lifeline confiscated by the authorities?
In my conversations with friends and associates, I have often raised this question. The typical responses:
“They’d never do that.”
“I’ll deal with that if and when it happens.”
“I just wouldn’t give it to them.”
I consider these “wishful thinking” responses.
It’s an interesting thought that the greatest threat to gold and silver investment might not be the possibility of losing on the speculation, but the government taking it away from you. It’s a thought that I’ve found few want to even think about, let alone discuss.
If you fall into this camp, you’re in good company. Some of the forecasters whom I respect most highly also treat it either as unlikely or at best, “something we may need to look at in the future.” To date, in conversing with top advisors worldwide, the two primary reasons they believe gold will not be confiscated are: 1. “Confiscation would mean the government acknowledges the reality of the value of gold.” Yes, this is quite so. They would be changing their official view… which, of course, they do all the time. But I submit that all that they need to do is put the proper spin on it.
2. “They would meet greater resistance than they did back in ’33.” I expect that this is also true, but that a plan will be put in place to deal with that resistance.
We’ll address both of these assertions in more detail shortly, but first, a bit of history.
In 1933, Franklin Roosevelt came into office and immediately created the Emergency Banking Act, which demanded that all those who held gold (other than personal jewelry) turn it in to approved banks. Holders were given less than a month to do this. The government then paid them $20.67 per ounce – the going rate at the time. Following confiscation, the government declared that the new value of gold was $35.00. In essence, they arbitrarily increased the value of their newly purchased asset by 69%. (This alone is reason enough to confiscate.)
Today, the US government is in much worse shape than it was in 1933, and it has much more to lose. The US dollar is the default currency of the world, but it’s on the ropes, which means the US economic power over the rest of the world is on the ropes.
I think that readers will agree that they will do anything to keep from losing this all-important power.
The US government has essentially run out of options. At some point, the fiat currencies of the First World will collapse, and some other form of payment will be necessary. Yes, the IMF is hoping to create a new default currency, but that, too, is to be a fiat currency. If any country were to produce a gold-backed currency in sufficient supply, that currency would likely become the desired currency worldwide. Fractional backing would be expected.
As most readers will know, the Chinese, Indians, Russians, and others see the opportunity and are building up their gold reserves quickly and substantially. If these countries were to agree to introduce a new gold-backed currency, there can be little doubt that they would succeed in changing the balance of world trade.
That said, the US government is watching these countries just as we are, and they are aware of the threat of gold to them. The US government ostensibly has approximately 8,200 tonnes of gold in Fort Knox, although this may well be partially or completely missing. Additionally, it ostensibly holds a further 5,000 tonnes of gold in the cellar of the New York Federal Reserve building. Again, there is no certainty that it is there. In general, the authorities don’t seem to like independent audits.
In fact, there are rumors that the above vaults are nearly or completely empty and that the above quoted figures exist only on paper rather than in physical form. While there is no way to know this for sure, it’s not out of the question.
Either way, if the US and the EU could come up with a large volume of gold quickly, they could issue a gold-backed currency themselves. It’s a simple equation: The more gold they have = the more backed notes they can produce = the more power they continue to hold. By seizing upon the private supply of their citizens, they would increase their holdings substantially in short order.
Either that or they could just give up their dominance of world trade and power… What would you guess their choice would be? It is entirely possible that the US government (and very likely the EU) has already made a decision to confiscate. They may have carefully laid out the plan and have set implementation to coincide with a specific gold price.
[Global readers of this post, please understand: “Different folks, same evil.” It’s all about money, you got it, they want it. Don’t turn in your valuables, starve their need and they will be replaced. It’s better to bury this part of your wealth in the ground and tell your children or relatives where to find it in a friendlier future, than to “turn it in” to a criminal, predatory regime who will use it to continue feeding on others. 4dtraveler]
So how would this unfold? Let’s imagine a “fairly extreme” scenario and ask ourselves if it could be pulled off effectively:
STEP 1: The evening news programs announce that the economic recovery is being hampered by wealthy private investors who, by hoarding gold, are skewing the value of the dollar and threatening the middle and poorer classes. The little man is being made to suffer while the rich get richer. A press campaign to equate gold ownership with greed ensues.
STEP 2: The government announces the Second Emergency Banking Act, advising the public that “the first EBA was instituted by FDR to solve this same problem during the Great Depression. This act was instrumental in helping the little man ‘recover.'” (As the average man on the street doesn’t know his history nor how wrong this statement is, he’ll believe it. Besides, the announcement has a “feel-good” message, and that’s all that matters.)
STEP 3: Possessors of gold, who make up a small minority of the population, would become pariahs. It won’t matter that the guy who owns two gold Maple Leafs is not exactly a greedy, rich man. No one will wish to be seen as resisting confiscation. Neither will they wish to go to prison for resisting, no matter how remote the possibility.
STEP 4: The US pays for the gold in US dollars, which are rapidly headed south. Yes, the Fed will need to print more fiat dollars in order to pay them off, but this suits their purpose, as it inflates the dollar even more. Those who have turned in their gold will do whatever they can to unload the US dollars as quickly as possible and will need to find another investment at a time when there are very few trustworthy investments other than gold. The stock market would likely rise, showing the public how the gold confiscation program is “working.”
STEP 5: One last scary possibility: The government demands that gold is turned in immediately and that settlement will occur following confiscation. After confiscation, it announces that, as there has been such a large number of cases of rich people ripping off the little man, processing them all could take months, possibly even a year or more. A further announcement states that some investors have made an unreasonable profit on the backs of the poor and that they should not be granted this profit. This profit must be returned to the people. (You can almost hear the cheers of the people.) Then it sets about making assessments. The bureaucrats find that most investors do not have formal, acceptable receipts for every coin in their possession. So if you paid $1,200 for a Krugerrand a couple of years ago, you get paid $1,200. If you bought it at $250 in 1999, you get paid $250. But if you have no receipt in an acceptable form, you get a “fair,” median payment, say, $500, regardless of when you bought it. Appeals: Each investor will be allowed up to one year to appeal the decision of the Treasury as to what is owed him. Of course, the investor knows that the dollar is sinking rapidly and that he would be wise to shut up and take what he is being offered.
Again, this hypothetical scenario is an extreme one. The reader is left to consider just how likely or unlikely this scenario is and what that would mean to his wealth.
But bear this in mind: If the above scenario were to take place soon, the average citizen would have mixed feelings. They would be glad that the “evil rich” had been taken down a peg, but they would worry about the idea of the government taking things by force, because they might be next. It would therefore be in the government’s interests to implement confiscation only after the coming panic sets in – after the next crash in the market, after it becomes plain to the average citizen that this really is a depression and he really is in big trouble. Then he will be only too glad to see the “greedy rich” go down, and he won’t care about the details.
As terrible as the thought is, it seems unlikely to me that the government will not confiscate gold, as they have little to lose and so much to gain. Those who own gold would prefer to think that this cannot happen, but they have quite a lot riding on that hope and precious little evidence to support it. It is entirely possible that this scenario will not take place, just as it is possible that confiscation will not take place. The purpose of this article is to spark some serious discussion – both for and against the possibility. Investors are, by their very nature, planners. It may take a community of investors to develop a legal plan to deal with the above eventuality. Time to get started.
The government can’t easily confiscate what’s outside its own borders, which is why it’s working night and day to make it as difficult as possible for you to protect your assets abroad. This sad reality means that you need to take action before it’s too late.
(News & Editorial/Collapse & precious metals)