GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 8: Q: Does America have enough gold to back the U.S. Dollar and bring HR 5404 to life? (Hint: The answer depends on whose math you use)

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You remember what they say about assume, right.  Don’t do it because it’ll make an ass out of u and me.  Don’t assume is the rule, but sometimes you’ve just got to do it because it’s all they give you when you’re trying to solve problems. 

An assumption is like talking about The World Gold Council (WGC) figures on the world’s gold reserves.  Do you believe their numbers?  Many don’t.  Did NASA really land on the moon?  Is the Pope really Catholic? 

What else do you go by if you don’t believe what they tell you?  Where else do they give you figures on the world’s gold supply that might even seem remotely close to being believable? 

That’s why sometimes for arguments sake you’ve just got to assume that what they’re telling you is correct.  I’m a lawyer, I should know.

So, for the purpose of this discussion, and assuming the posted World Gold Council figures have some degree of accuracy for international gold holdings, the top 40 countries and financial institutions are as follows: 

Top 40 according to World Gold Council’s latest rankings (as of September 2017)

Rank Country / Organization Gold holdings (tonnage)  Gold as % Forex
0 Total Top 40 31,721.1  
1 United States 8,133.5                            74.6
2 Germany                                 3,374.1                             69.1
3 The IMF 2,814.0                             N/A
4 Italy 2,451.8 67.2
5 France 2,435.9  65.0
6 China 1,842.6  2.4
7 Russia 1,729.4 16.8
8 Switzerland 1,040.0 5.5
9 Japan 765.2 2.5
10 Netherlands  612.5 66.0
11 India   557.8 5.8
12 The ECB  504.8 24.0
13 Turkey  482.9 18.3
14 Taiwan  423.6 3.7
15 Portugal  382.5 58.6
16 Saudi Arabia  322.9  2.6
17 United Kingdom 310.3  7.2
18 Lebanon 286.8 21.6
19 Spain 281.6 17.5
20 Kazakhstan  280.9 34.8
21 Austria 280.0 53.7
22 Belgium 227.4 36.5
23 Philippines 196.4 9.8
24 Venezuela 188.1 71.3
25 Algeria 173.6 6.2
26 Thailand 152.4 3.3
27 Singapore 127.4 1.9
28 Sweden 125.7  8.0
29 South Africa 125.3  10.8
30 Mexico  120.1 2.8
31 Libya  116.6 6.6
32 Greece 112.9 65.6
33 South Korea 104.4 1.1
34 Romania 103.7 9.4
35 The BIS   103.0 N/A
36 Poland 103.0   3.8
37 Iraq 89.8 8.0
38 Australia 79.9 5.5
39 Indonesia 79.3 2.6
40 Kuwait 79.0 8.8


Going back to my earlier HR 5404 article, my focus was on how we are going to back a new U.S. currency, not the present Federal Reserve Note known as the U.S. dollar that I believe is going to be replaced.  Precious metals analyst and adviser Gerrit Visser speaks in terms of gold backing the FRN as it presently exists in relation to the Federal Reserve Bank system, which I believe will ultimately be dismantled by President Trump.

Whichever U.S. currency we end up with the issue for discussion now is this:  Does America have enough gold to back the U.S. Dollar?  Visser says he doubts it but the only way to figure it out for sure is to do the math. 

Based upon the above figures, and again assuming they are accurate, as of September 2017, America had 8,133.5 MT of gold, which in troy ounce terms equals 261,482,021.84 troy ounces.

“Let’s now multiply that figure by today’s (November 21, 2018) market price of $1,222.00 per troy ounce which equals a little more than $319.5 billion USD,” Visser says.  “We will note that the United States has a published national debt on November 21, 2018 of $21.4 trillion, with a gross national product (2017) of $19.61 trillion USD and a gross domestic product (2017) of $19.39 trillion USD.”

Taking all of the above figures into consideration has the math falling obviously short.  “The U.S. only has a little more than $319.5 billion USD in gold value as part of its national reserves, which is intrinsic value or real value against a real asset,” Visser says. 

With this amount of gold at these metrics the U.S. could not pay off its debt even if it wanted to because it doesn’t have the reserves it needs to pay the debt and keep the economy going.  The numbers don’t lie.


And that’s doing the math using the stated government figures.  If we used Visser’s figures in the calculation, then we would have to add an additional $8 trillion dollars in circulation to the equation, which totally messes everything up.

“Let’s now take a look at the U.S. dollars in circulation, as stated by the U.S. Federal Reserve as of September 26th, 2018, which equals $1.69 trillion USD, which is grossly under-stated, probably deliberately,” Visser says.  “Please note that I totally dispute this Federal Reserve figure.  Because we are aware of $8 trillion USD, largely in $100 USD denomination, being printed illegally against gold bullion certificates that neither the Federal Reserve or the U.S. government (Treasury) own or hold legal title to, so I am going to use the known and accurate figures I have.  Our records indicate there actually being $9.69 trillion USD in circulation, not the $1.69 trillion USD as stated by the Federal Reserve Bank.”

Stunning if true.  That would mean there’s an extra $8 trillion USD in circulation in the world that is not recorded at the Federal Reserve Bank.  Why do you suppose that is?  Might it be to avoid liability at some future date when other creditors call on the debt?  Talk about inflation.

There are other ways for the ‘Fiat Money’ financial system to hide money in circulation as well.  “In addition to the above there are the Federal Reserve ‘(Secret) Trading Programs’ that generate an awful amount of money from thin air, so even the figures I have available to me ($9.69 trillion) may be grossly understated,” Visser says.


So back to the calculations between gold and the U.S. Dollar, using the November 21, 2018 figure of $1,222.00 as the price of one troy ounce of gold.  One troy ounce equals 31.104 grams.

This means on November 21, 2018 a $1 USD note would need to be backed by 0.02545335515 grams of gold, or, 0.00081834437074893 troy ounces for U.S. Dollars to truly be gold backed. 

Which means a $100 USD note would need to be backed by 2.545335515 grams of gold, or, 0.081834437074893 troy ounces. 

Such collateral backing with gold would ensure that the U.S. dollar is actually worth $1 U.S. dollar based upon the November 21, 2018 gold price of $1,222.00 per troy ounce.

Now let’s try using Visser’s stunning figure of $9.69 trillion USD being in circulation — and that is assuming that there isn’t more U.S. dollars in circulation that we don’t know about, and that is not accounting for U.S. dollars created by ‘(Secret) Trading Programs’ — “America would need a staggering 254,947,606,050.266 troy ounces which equates to $319.078754081 billion USD value of gold just to back their own currency, at today’s figures (November 21, 2018 gold price),” Visser says.

Based upon the above math, Visser believes the U.S. does have sufficient gold to back the U.S. Dollar, but barely, provided it is not totally used by the U.S. to pay off debt.  However, that leaves nothing extra to “collateralize” the printing of more U.S. Dollars in the future, so no sustainability or stability, and certainly no expansion of the U.S. economy after 2018.  “That scenario leaves nothing in reserve after 2018, and those very small figures of differential could be taken up by paying off, in part, the U.S. debt,” Visser says.


Either way, in a best case scenario the United States does not have enough gold to bring HR 5404 to life.  With insufficient amounts of precious metals available on the open market and there seemingly being no other nation or present financial institution capable of or willing to give to the U.S. the amount of precious metals it needs to back the U.S. Dollar, while keeping the U.S. economy humming and growing, will the U.S. government finally look inward, and review their own records of international treaties, agreements, and related documents, in an effort to understand who in the past financially backed the U.S. Dollar? 

And let me give you a hint, Uncle Sam:  It was at a time when America and her ‘Allies’ turned their backs on those they had just signed treaties with to gold back the national currencies of the world, including the U.S. Dollar.  The intent was to essentially gold back global currencies in an effort to rebuild the world in a coordinated effort that would actually benefit humanity, but of course this was not to be.  For the proposed global currency gold-backed financial system had to be destroyed, its history rewritten and memories buried, and its precious metals and ancillary historic accounts stolen by the Globalist-backed central bankers to be used against the development of mankind.


GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 7: Balloon pops, gold goes bananas up, and California will burn!

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This balloon will pop and at some point in time the price of gold is going to go bananas up.  “This will happen.  As sure as there will be wildfires at some point in the future again in California.  After they get through this year’s.  So this is a recurring thing,” says Rob Kirby of kirbyanalytics in his recent interview on

And foreign investment money knows this because foreign governments and banks understand Chris Martenson’s hockey stick graph on exponential growth.  They understand it just as well as the Fed and the U.S. Treasury and Chris Martenson understand it.  The growth rate of the current world reserve currency, the fiat U.S. dollar, is in a phase where its growth is vertical.  It must remain vertical.  And the minute it stops being vertical it collapses onto itself. 

“And that typically would likely mean a hyperinflationary event.  Because it means the currency goes to a zero value.  As the cliche has long been said, all fiat currencies return to their true and intrinsic value which is zero,” Kirby tells Greg Hunter.

Fiat currencies throughout the history of money have all shared that one common trait.  They all revert to their true intrinsic value which is zero, and the U.S. dollar will be no different than the hundreds of other fiat currencies before it, because that’s where they all went.

Which all pretty much means people are starting to realize this and they are trying to get into precious metals.

“In the last three or four months I would share with you that the urge for very serious money to get out of fiat and into physical metal has been unprecedented.  And we’re talking many, many, many billions of dollars worth of fiat money looking to be converted into physical metals.  And the lineup of billions to get converted to physical metal is astoundingly large,” Kirby says.

So does that mean we’re on our way to having a Puerto Rico moment, where we default on our debt like the territory did, having to decide whether to pay the bondholders or our bills to keep the lights on, the water running, and the sewage from backing up? 

“I don’t think the real path they choose is clear yet.  Because technically America can repay all of its debtors. Technically, America can print the money and just tell all the foreigners, here you go, here’s your fiat dollars.  I think the U.S. Treasury actually reserves the right to call in all their debt so they could technically just say, here’s your fiat money.  Consider yourself whole on our obligations on the bonds,” Kirby says.

The U.S. could pay off the bonds but the money’s not going to be worth anything.  That’s the same as a default.  Which Kirby says is like saying I had sex with that woman, but it all depends on what your definition of sex is.  In this case what your definition of a default is.  We paid you back.

And that’s what plays back into the metals side of it.  “Amazingly, back when money was backed by metal back in 1966, 67, I remember gasoline being 25 cents a gallon …  You could take a quarter (from then) that had 80% silver and you could get a gallon of gas.  Well that quarter today is worth about a gallon of gas.  Because that quarter today is worth around probably in Canada four bucks and that’s close to what a gallon of gas is.  So the point is the cost of a gallon of gas hasn’t really changed a lot in silver terms.  It’s only changed in dollar terms.  Because the dollar has been debased,” Kirby says.

This is why people seek physical metal when they feel that a serious reset or a serious fall might happen in the fiat realm.  They’d rather be hedged and own physical metals.

Gerrit Visser, Jim Sinclair, and other precious metals experts are saying the same thing.  We’re going to a Gold Standard.  Nobody’s going to trust cryptocurrencies, not for big money as a store of value.  But will the U.S. actually have anything to do with it?

“Ultimately, that’s going to happen.  Whether it’s going to be initiated or led by America would depend largely on – and here we get back to this whole audit issue – I don’t believe America possesses the gold they claim to, officially.  And if America has no gold it’s going to be very difficult for an American president or American leadership to claim that we’re going back to anything resembling a gold standard,” Kirby says.

America is going to have to back their gold currency.  How could that possibly take place?

“If they’re going to back the currency it means they’re going to have to reopen the gold window.  That means if they don’t have any gold they can’t open the gold window.  Because there will be demands for physical metal at the Treasury,” Kirby says.


We’re all taught that the banks are working for us, the customer.  You pick your bank, deposit your hard earned paychecks, they protect your money, right?  Wrong. 

“Just remember that whenever the Fed, and it is the Fed that keeps the data on the monetary aggregates – it’s actually the Federal Reserve, St. Louis – that keeps monetary aggregate data.  And if you look at the Fed, St. Louis and the amount of money that they say is in existence, well, that’s erroneous reporting,” Kirby says. 

Because that number should be a minimum of $21 trillion bigger.  And if the whole world were to overnight realize that the amount of money in existence is trillions of dollars more than the government has told them, well … you do the math.  And add up the pitchforks while you’re at it.

President Trump doesn’t want to admit that America doesn’t have any gold.  He doesn’t want to admit America’s bankrupt.  He doesn’t want to admit that America’s insolvent.  Instead what we have is a government that just seems to be kicking the proverbial can down the road to buy time.

“It was Robert Reuben back in the Clinton Administration.  When he wrote his autobiography there was a segment where Robert Reuben explained the motivation and the factors affecting high level decision making in the U.S. Treasury.  And he said sometimes we make very poor decisions but those poor decisions are more than justified if they can prevent the collapse for another six months,” Kirby says. 

So that’s the kind of decision making that really goes on at the highest levels when the financial elites are dealing with hopeless situations.  They will make decisions that they know are absolutely foolhardy, have no merit and no prospects for success in the long run.  That will keep them alive.


“It’s the whole mantra of, if we can prevent a collapse from happening today and buy another day, or buy another week, buy another month, then it’s worth doing.  Because then we avoid the anarchy.  Basically what they’re saying is they avoid meeting their end.  And they avoid being hung.  But what all this is really about is that treason has been committed at the highest level by financial elites and the people in control of the financial apparatus.  And I’ll say this, in America the people controlling the financial apparatus are the ‘Deep State.’  And we know that Trump is anti ‘Deep State’ and it’s been said often by a host of different sources that since Trump’s inauguration it’s been widely said that he is not in control of the Justice Department,” Kirby says.

It’s also been said he is not in control of the U.S. Treasury or the Federal Reserve Bank.

“I would argue that Trump is very likely not in control of the Treasury also.  And I do believe that the Treasury is controlled by the ‘Deep State,'” Kirby says.

From everything that is happening in America financially it appears Mr. Kirby is correct on both accounts.  President Trump is fighting to retake control of America’s financial institutions that are controlled by the enemy of the people of the world.

GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 6: Where did all the gold come from to back the global currencies prior to 1971?

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International financial and banking expert Rita R. liked my gold blog about HR 5404 entitled “WHAT HAPPENED TO HR 5404 – AND THE GOLD BACKING OF AMERICA’S NEW CURRENCY?” so much she forwarded it to her dear friend and precious metals analyst, Gerrit Visser, who liked it so much he wrote back to me with detailed explanation as to exactly what’s wrong with America’s gold picture, HR 5404, and what it will take for the U.S. to fix its desperate financial crisis.

“The reason I write to you is that this is a subject which I am involved with on a daily basis, and a subject likely to become a highly contentious issue as time moves on as the ‘Gold Backed Currency Lobby’ gains far more traction,” Visser says.

The truth is finally beginning to come out.  Our “Fiat Currency” financial system is finally reaching its end.  Those who work in the international economic circle of understanding true history and how it creates today’s intricate global financial reality know that the world is presently pivoting away from central banking and “Fiat Currency” toward a global system of gold backed national currencies.  Some experts further believe this will eventually lead to the formation of a single new world gold-backed reserve currency; one that will not be run by traditional central banks, fiat currency, evil Globalists, Democrats, the U.N., the IMF, or Chinese Communist Technocrats.

My HR 5404 article has garnered attention from some of the right individuals because it stirred up many of the right questions at the right time, the most important of which is:  Where is America going to get the gold required to back its future U.S. currency?  We can’t have one without the other.  It’s a question everyone should be asking because it affects us all and is our ticket out of debt slavery and into a potential prosperous future in this country and abroad. 

The world has done this before.  We’ve changed global reserve currencies.  We’ve gone from the ‘Franc’ to the ‘Pound’ to the ‘Dollar’.  And we’ve also gone to war over the issue disguised as ideological, religious, or territorial disputes many times through the last hundred years alone.  Why is that?

The U.S. Dollar is going to go the way all fiat currencies eventually go.  The big question here is, How are we going to get out of this financial mess we’re in when it all finally does blow up?

Most importantly, my HR 5404 article stirred up in Gerrit Visser a desire to explain to my clients and readers the various factors which are usually overlooked by the public as the existing media and government narratives continue to mislead us to where we never become fully aware of the “deep rooted factors” surrounding the true issues of financial recovery for the U.S. Dollar-supported Western World. 

There is and has been for over a hundred years a solution to our financial system problems.  It’s going to be painful and it will take time and we’re going to have to study and search for answers, and the precious metals analyst here and financial experts elsewhere are supplying us with really huge clues.  There’s a lot more going on behind the curtain of international gold holdings that “officials” are not admitting to and these precious metals are at the centre of our future and past gold backed currencies.


The media and many financial historians and prognosticators seem to have forgotten that prior to August 1971, all currencies around the globe were fully backed by gold and silver.  “That factor alone determines that there was more gold and silver available in the world than stated by The World Gold Council (WGC), who estimates in 2017 that all the gold ever mined totalled 187,200 metric tons, with an estimated 52,000 MT yet to be mined,” Visser says.

What we are given are false statistics to base our math on.  But that’s all we have to go with officially.  The WGC states that currently in the world there are approximately 165,000 MT of gold in the hands of central banks, private investors, and the public, the latter as jewellery, collector’s items, and commercial operations for such items as printed circuit boards, electronics, etc.  There really are no other trustworthy figures to go by.

So we are supposed to believe that this is all the world’s gold; what they tell us the world has mined and is capable of mining, but is it the truth?  Visser doesn’t think so. 

“Gold has been mined for over 6,000 years.  Accurate records of production have only been kept for approximately 150 years.  So there is bound to be a discrepancy, quite a large one, in fact.  In the figures stated by the WGC where 187,200 MT have ever been mined seems to be a very, very low figure in comparison to actual figures.  The difference is not held by central banks, commercial banks, jewellers, collectors, or commercial operators,” Visser says. “Much of the world’s gold is held legally, on and off record, by the owner of the trust that is the world’s largest gold facility.”


Prior to August 1971, all countries were required by law to back their currencies with gold.  “There are over 200 countries in the world, so if we divide 165,000 MT of gold (The World Gold Council figures) by 200 it equates to an average of 825 MT of gold per country.  Of course in this equation many countries will have less than that figure and some countries will have more than that figure,” Visser says.

Now let’s take an average gold price per troy ounce of over 31 years (1940 – 1971), which equals 36.314 US dollars per troy ounce, he says.  Let’s multiply that by 26,524,370 troy ounces (825 MT) which equals $963.37 million USD.

That is the amount we would have to back the U.S. Dollar using the 825 MT gold figure.  Is that enough to keep America going strong?

“To answer your question, Michael, that is not a lot of money to back a nation’s currency, even the currencies of some of the smaller nations of the world.  So the question arises as to where did all the gold come from that was used to back all the currencies of the world and allow those countries to expand their economies?” Visser asks.

If America doesn’t have enough gold holdings to actually back either the U.S. Dollar in it’s present format or a new U.S. currency, then it would still have to get gold from somewhere else in the world.  That’s not going to be easy to do.  Ask gold analyst Rob Kirby and you would know that tonnage of gold is very difficult to find on the open market.  There’s not enough available for everyone.  Many nations are completely going without any precious metals officially being logged into their national treasury books.


“The answer is, and you know it as well as I do, but it’s the historical gold facility we’ve been talking about.  A facility that owns the wealth of the world, in terms of precious metals.  That is not a title held by the U.S. or the Federal Reserve Bank, or anyone else.  They do not own the wealth of the world,” Visser says.  “They say they own the wealth of the world, but that too is fraudulent.”

The historical precious metals and ancillary accounts ‘Trust’ the gold analyst and adviser speaks of is the most valuable trust in the world and is actually a very old gold facility spread throughout the world in depositories and the like.  It is made up of tremendous wealth that has been utilized several times throughout history in an effort to try to cure the global financial system once and for all of the evil controlling mechanism that is the Central Bank Fiat Money System. 

But those on the side of good who own the gold facility have faced tremendous odds and murderous attack from central bankers, corruption, terrorism, war, political manipulation, and mercenary, corporate, and military intelligence operations.  The mainstream, independent, and Internet media play a major part in misrepresenting the true state of global economics and the true history of what a solid gold backed financial system actually looks like.

It is all controlled from above by an octopus of central bankers, with it’s many dangling tentacles intermeddling in many things in many places.  They had to steal the wealth of the world that was intended to back a solid global financial system, in order to accomplish their control and smoke and mirror manipulation that has continuously fed their corrupt financial system, because they did not own the assets themselves.  Just ask Rob Kirby, Catherine Austin Fitts, and Michigan State Professor Mark Skidmore how money gets stolen and converted into the “dark” in this country.

“That’s one reason why all that gold that had been assigned to the countries of the world to back their currencies became unencumbered as of August 15th, 1971, when the gold standard was officially removed by an act undertaken by U.S. President Richard Nixon,” Visser says.  “The world’s gold was returned to the historical gold facility, except for that gold which was specifically assigned to America, who stole it using it to feed the ‘Fiat Money’ machine and illegally pay off some U.S. debt.” 

The whole purpose of leaving the Gold Standard and feeding us a steady diet of “Fiat Money” was so those controlling The Federal Reserve Bank system could not only control us through their slave finances but shift their complete attention and tremendous resources into once and for all stealing the gold that had been used to back the global currencies of the world in the first place.  It’s all about reaching financial critical mass globally.  Own the world’s precious metals and you own the world.  Go to war.  Conquer people.  Steal their gold.  Gold wars.  That’s what’s really going on.

GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 5: The life cycle of a fiat currency, aka, Why $21 trillion just disappears in the blink of an eye

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Chris Martenson, PhD, MBA, is an economic researcher and futurist specializing in energy and resource depletion, who joined Adam Taggart to co-found, where they provide top-rate economic analysis and commentary on the day’s hottest financial topics.  Martenson also launched the seminal video seminar called, The Crash Course, which was published into book form, wherein he gives a dynamic explanation of the life cycle of fiat currency, something that’s pretty much on everybody’s minds these days, whether they realize it or not.

Martenson’s model explains how the financial system works and why it’s failing, which is very relevant to today’s global financial crisis, which is why ten years later experts are still using his work as a basis for their conclusions as they examine global financial system meltdown and malfeasance. 

“What Martenson lays out is that any fiat currency with compound interest has a growth rate of a very slow, very gradual slope upward to the right until it reaches an inflection point where the growth rate, or the amount of money in circulation, grows vertically,” macroeconomics analyst Rob Kirby says, describing one of Martenson’s charts in a recent interview with Greg Hunter on

The chart Kirby describes displays something Martenson calls exponential growth.  The chart pattern looks like a hockey stick lying down on its shaft with the blade sticking straight up. 

“We are charting an amount of something over time,” Martenson explains in The Crash Course video.  “The only requirement for a graph to end up looking like this is that the thing being measured grows by some percentage over each increment of time.”

The slower the percentage rate of growth, the greater the length of time needed to chart in order to visually see this hockey stick shape.  But when that changes growth takes place quite quickly.

“Once an exponential function ‘turns the corner,’ even though the percentage rate of growth might remain constant and possibly quite low, the amounts do not.  They pile up faster and faster,” Martenson explains.

We are right now at that time in global fiat currency financial system history where the amount that is added is growing larger over each additional unit of time.  We are climbing the blade straight up at a very desperate pace.


Martenson’s graph also accounts for how great amounts of unaccounted for money might be needed to keep the crippled system going.  “This graph and Martenson’s explanation explains why $21 trillion, minimum, extra dollars were created out of thin air, and I would have it that they were fraudulently created, and these dollars have been siloed inside of the Exchange Stabilization Fund, a dark entity, an adjunct to the U.S. Treasury, which is subject to no oversight,” Kirby tells Hunter.

The reason why the $21 trillion had to be created is to satisfy the growth dictated by Martenson’s graph.

Kirby is referring to the $21 trillion that Catherine Austin Fitts and Mark Skidmore proved to be missing — to have literally vanished — from the U.S. Department of Defense (DOD) and Department of Housing and Urban Development (HUD).  Fitts has stated her belief that this missing amount is probably closer to $50 trillion.

An incredible amount of money is needed to keep feeding the system if it is to stay alive during the ascent up the blade of the hockey stick.  “The minimum of $21 extra trillion is held in reserve to basically feed that vertical growth as new money has to be continually added to the system or the system collapses,” Kirby says. 

Even if that ‘new money’ happens to be accrued illegally and nobody knows about it.


We are very high up the blade of Chris Martenson’s hockey stick graph.  “We might be off the page up higher,” Kirby says.  “The money has been created to perpetuate this vertical growth.  This is being evidenced today by the rejection of U.S. government debt by the likes of China and the likes of Russia, the Japanese also.” 

As the U.S. dollar is debased more by our system others have stopped playing the game.  These countries make up the traditional financiers of American largesse.  They fund American deficits “and they’ve been absent for the last two to three years,” Kirby says. 

So the question becomes, and the question has always been, and more and more people are asking the question:  With the traditional financiers of American deficits absent from the game, and actually getting rid of some of their existing debt, where are central bankers going to get the enormous amount of monies necessary to continue feeding the game?

It won’t be foreign countries, they’ve already told us as much.  China, Russia, and Japan are not buying the new debt, and they’re actually selling some of the debt they formerly held, so who’s buying it? 

“The only credible answer is that the debt is being monetized,” Kirby says.

And that’s why this $21 trillion minimum missing money is being “siloed” through the Exchange Stabilization Fund, a dark entity Kirby calls “an adjunct to the U.S. Treasury, which is subject to no oversight” and isn’t even officially acknowledged to exist.

That’s what’s being “mobilized and utilized to monetize the debt and memory hold the debt,” Kirby says.  “But this is not a game that can go on forever.” 

This is not a sustainable practice.  This is treasonous.  And it tells us nothing about who or where we’re getting our money from that is created “out of thin air” to continuously feed into the financial system to keep it from crashing.

GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 4: What will the new gold backed financial system look like?

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Secrecy of financial truth has allowed the banks of the world to wage war against humanity, and they’ve stolen all of our money in the process.  This includes much of the world’s gold.  History books have been rewritten to hide the truth of who has stolen what gold from whom when, and how that stolen historic booty has been used to control mankind through fiat currency, a smoke and mirrors financial system cover for corruption, manipulation, and crime.

Those who have stolen the gold from financial sources most of us never knew existed control the banking system that kept us from accessing it.  Secret financial treaties of years past indicated that it was to be used to benefit humanity but governments and media steered us wide.  We were dominated and fooled for at least the last hundred years by magical lies dispensed by a Wizard of Oz like controlling mechanism called fiat currency propagated by the Federal Reserve banking system from behind the curtain that was literally part of a greater plan to control and steal all the world gold.

That curtain is slowly beginning to lift now as major truths about breaking paradigms are beginning to bubble to the surface of greater understanding.  Space Wars, Deep Underground Military Bases, Vaccines, Big Pharma, Western Medicine, and Global Banking are but a few of the dark universes that are bearing light as hot topics for all to see.  We are also beginning to see what the collapse of our existing financial system is going to look like from the experts of precious metal, the hidden undercurrent of international finance for all of recorded history.

“I consider this interview with Bill Holter to be near spot on,” the gold expert at the other end of the e mail tells me.  It’s a former client who has reconnected with me through a former client with a sense of urgency regarding certain things I’ve written about gold in America.  Now he’s referring to an interview financial writer and precious metals expert Bill Holter conducted with journalist Greg Hunter at  The subject is the exploding debt.

Most of us would have no idea regarding the actual behind the curtain machinations being played out by the financial banking Wizards but Gerrit Visser and Bill Holter both seem to have a keen grasp of what’s taking place and are telling the world about it.  Through their work we learn about a financial system that is in an ongoing process of total disintegration – having exploded in the mid 1980s as the world entered into a cycle which witnessed the creation of unprecedented levels of debt which has only accelerated in pace over the last 15 to 20 years.  The reason for the massive printing of more debt has been a matter of survival because the banks don’t have anything else.

“This is because liquidity isn’t really there,” precious metals analyst and financial adviser Gerrit Visser says.  As a result governments and corporations have been issuing large amounts of bonds to finance everything they do. Unfortunately, this has led to our witnessing a “historical repeat” of the late 1800s and early 1900s.

“The world was technically bankrupt, again,”Visser says.  “Even then there was a facility readily available to step in and acquire all these bonds,certificates, etc to bring the economies back into operation.  A lot of that facility’s gold was encumbered to do this.”

Gerrit Visser is another one of those voices from the upper echelon of the international financial world who believe that America’s leaders over the last century have led the world into a nosedive into financial oblivion.  To make matters worse he believes America actually has zero gold in our financial coffers from which to bail ourselves out.  He should know since he advises the financial institutions / organizations that are in the business of bailing out banks and governments.

“Now we are at the same stage as the world was in the late 1800s and early 1900s,” Visser says.  “There are hundreds of trillions of dollars worth of bonds and certificates around the world that cannot be paid off because of the over-riding debt factor, and the lack of liquidity, but this time that same gold facility, that is still there, is not going to step in to shore up the system because the system just abuses it instead of changing to a more balanced and managed economy right around the world.”

Visser says we’re now at the stage of the dying fiat currency where government has no one left to prey on but the taxpayers.  “The exceptional consumerism factors we have today is deliberately propagated to generate taxes for the governments because they know that they have reached their limit for bond issuance altogether, so they need liquid income in the form of taxes.”

The denial of bubbles also is not helping the situation.  People are beginning to catch on to the fact that governments have bankrupted their own countries.  So now consumerism is slowing down, debt is still increasing, interest rates are beginning to move upwards, and as Bill Holter points out, THE BUBBLE HAS BEEN BURST, so it is only a matter of time now before the bubble deflates completely and the world flames in a downward spiral.

Something has to replace the burst bubble or Western civilization is going to go down with it. It’s going to be a time with a lot of belt tightening and sacrifice.  Precious metals is actually the only solution left.

“Gold, silver, platinum, is the answer but prices of these real assets (assets without debt) need to rise dramatically,” Visser says.  That means “gold must rise above the $10,000 USD per Troy ounce, silver has to go to $2,500 USD – $3,000 USD, etc…,” he says. 

“And we are currently seeing the price of platinum explode,” Visser says.  “No one can see any other option at the moment so whether there is an option or not is highly questionable.”

As Visser stated in his previous e mail to me in response to my HR 5404 article entitled, What happened to HR 5404 and the gold backing of America’s new currency?, “The government and mainstream media’s efforts to lie to the public regarding what’s really happening to the world financially is going to fail this time. It doesn’t matter how much gold or silver that countries currently have because it is all accounted for to pay off part of the national debts around the world,” Visser wrote.

In his interview Holter also talked about Comex having only 20 MT of gold to settle some 30 billion MT of paper gold claims, hence why it transferred everything to the “London Markets”, avoiding bankruptcy in the United States.  “Paper gold should never have been allowed, but that just shows how uncontrollable the markets are just for the purpose of making money for the elite,” Visser says.

The system is collapsing and will continue to collapse.  There’s no avoiding it now.  That’s what Holter’s whole message is about.  We’re in free fall and the only question that really remains is how fast will it take for everything to completely unravel.

“Currencies will be worth next to nothing, just additional bits of toilet paper, unless they are backed by real unencumbered and debt free assets like silver and gold,” Visser says.  “Commodities will rise quite dramatically, including gold and silver, platinum, oil, etc.  Personally I cannot see any end to this misery unless a new gold /silver backed international currency is introduced, quite quickly, however, that on its own will not create or erase the problems fast enough.  The governments and markets need to have far better control and management and debt per country needs to be limited.  In effect we will have to go back to the 40s and 50s, hypothetically speaking, and then move forward slowly but steadily and all learn to live within our means.”  Good luck America.


Visser says there will also need to be another 1934-35 “Gold Confiscation Act” right across the world to be able to balance the books as quickly as possible, “which will not please people, but it will be necessary”.

We are now all learning the hard way the damage that fiat currencies can do if allowed to excessively wander from strict regulations, and you can blame the central banks and uncontrollable governments for all of that.

“Gold and silver backed currencies are the only answer that I can see at this juncture, and the gold facility I have referred to has more than sufficient gold, silver, and platinum to do this.  Not America or any other country,” Visser says.  “The present system /circumstances is what Ferdinand Marcos was trying to prevent when he introduced the global ‘Agreement,’ but of course the cabal didn’t like it so it has never been implemented.”  Foolishly.  Stupidly.  And humanity continues to suffer as a result thereof.

GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 3: Is that really an audit of U.S. gold holdings?

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Gold is more precious than ever.  On a global landscape countries and financial institutions are playing major games behind the scenes jockeying for tonnage of precious metals.  Many billions of dollars worth of fiat money is lined up to get into physical metal and it’s tough to find. They’re doing it for a very good reason as the financial system leans on the brink of total disaster and the future is going to have their gold backing.

Very few people in the world, maybe a dozen or two, legally arrange for the sales of tonnage of gold and other precious metals for wealthy people and macroeconomic analyst Rob Kirby of is one of them. 

Kirby’s an expert on world gold sources and a huge critic of the U.S. Treasury and the Federal Reserve Bank.  He’s trying to get a big book published on the “gold suppression movement” and he thinks many central bankers are going to be hung by their necks.  He understands that countries and central banks are scrambling to possess, purchase, and / or steal whatever amounts of the precious metals they can get their dirty little hands on.  He knows the dollar backed markets are in trouble all over the world, national GDPs are down across the board, and bonds are showing major signs of stress. Rising interest rates have created major stress in the automobile and housing markets.  The financial system appears to be stretched to the limits and everyone is looking for a way out and gold is the answer to many experts.  The global financial world is slowly moving its way toward a new gold standard.

That’s why in a recent interview with Greg Hunter of Kirby found himself discussing the validity of a November 9, 2018 Treasury audit report from the OIG, Office of Inspector General.  The issue is audit and the question is whether the U.S. really has the gold they say they do to back their new currency.

The report is about U.S. gold holdings and it’s called, Audit of the Department of the Treasury’s Schedules of United States Gold Reserves Held by Federal Reserve Banks as of September 30, 2018 and 2017.

The first question in anybody’s mind who follows gold is, Did they really audit our gold reserves?

Nah, the gold expert answers without apology.  It’s not even an audit to begin with.  “Well, it’s not an audit to begin with,” Rob Kirby says.  “It’s really about as material as Treasury Secretary Mnuchin when he visited Fort Knox and came out of a brief visit and said gold is safe.”

Steven Mnuchin tweeted that out but that didn’t tell us how much gold we have.  “We all know that gold is safe.  But saying that gold is safe says nothing to the notion that Fort Knox gold has not had a credible audit since the Eisenhower Administration in the 1950s.  And if you read into this November 9 publication you will see very quickly that it says they’ve audited the schedules that were provided,” Kirby says.

U.S. auditors have done basically a read-over of the paperwork provided to them by the Treasury, but no actual inspection of precious metal.  “And they’ve given an opinion:  Yeah, it looks like it’s all in order.  But that in no way constitutes an audit in physical gold claimed to be held by the U.S.government,” Kirby says.

This is not an actual audit which would require a lot of work.  The gold expert says a credible audit of the U.S. gold reserve would entail quite a number of people with a lot of professional expertise.  People to assay bars.  “This is something that’s quite time-consuming and what’s presented in this publication in no way constitutes a credible audit of U.S. sovereign gold,” Kirby insists.

So why would the U.S. put this out now saying we’ve audited the gold and everything’s okay?

There’s a great reason why they’d be pushing this out right now, Kirby says.  It’s called financial disclosure.

“It was just last week an ex trader for JP Morgan admitted that he was rigging the gold market for a period of six years with the full knowledge of senior people in the bank. And he stated in his admission that he had learned how to rig the market from more senior traders than himself,” he says.

But why say the eight thousand tons of gold is safe?  Is it to reassure American taxpayers?

“Look, the price discovery that we have for precious metals is largely set through the Comex exchange in New York and the LBMA in England and these markets are virtually all paper, where the price of futures are used to achieve price discovery for metal,” the macroeconomic analyst says.  “And the amounts of paper that gets sold versus the amount of physical metal there is to back the paper selling.  You’re talking about hundreds – I believe on Comex right now it’s around 360 paper ounces are sold for every ounce of deliverable metal they have in their warehouses.”

The price discovery process as we know it cannot differentiate between a paper ounce and a physical ounce.  “So they’re using this paper price discovery system which amounts to basically nothing but naked shorting of metal.  They use this fallacious price discovery system to price real physical metal. And the reality is this is bogus. And people are getting it.  This is becoming more widely understood. Certainly in foreign markets. But even here with the great unwashed – people are beginning to realize that things aren’t right,” Kirby says.

People intuitively know that precious metal is precious, Kirby says.  It’s called precious metal because it is precious.  “And it’s dear and it’s rare.  And people intuitively understand precious metal should be reacting differently than it has in the wake of geopolitical uncertainties, international financial dis-equilibrium.  The price of precious metals has not been behaving due to this false price discovery mechanism that we’re all subject to,” he says.

Metals have not been behaving the way they historically have and should be.  This is why Treasury Secretary Mnuchin trots out the goods or the wares to make people feel more reassured that nothing is amiss and America has all the gold that it claims to have.  Look, we have a fresh new audit right here that says all is good.  But is it really?

“Well, the reality is all is not good,” Kirby says.  “There’s been a lot of chicanery that has occurred in the precious metals markets.  As evidenced by the admission of JP Morgan ex trader just last week.”

The markets have been rigged and evidence of this is spilling back into the markets.  Both Australia and Venezuela have asked for their gold back from London but they have been denied.

And there’s precedence for this too, Kirby says.  It was five years ago in 2013 when Germany asked the American Federal Reserve if they could come and audit their gold that the Fed was holding for them in trust.

“They wanted to come in and look at the bars and inspect the bars and assay some of the bars, and the Fed said no you can’t do that,” Kirby says.  “And the reason that was offered at the time was we don’t have the room to allow you to complete this.  We don’t have enough space to accommodate you and your request.” 

It was not long thereafter that the Germans said well if we can’t audit our gold you’re holding for us we’d like some of it back.  And then they were told no to that as well.

So why is everybody hanging onto their gold?  We have Venezuela and Australia being stiffed by London.  Are they holding it because they think there’s going to be some sort of a reset?  Or are they holding it because they know gold is going to explode in value? 

“A reset will come at some point in the future,”Kirby assures us.  And it may be very close at hand, or it may not.

The debt is colossally overpriced.  And the price of gold is colossally undervalued.  “So a reset would mean that the value of debt, or the value of bonds is going to take a big haircut as the price on the bonds is going to go down dramatically, which would imply that yields have to go up and the value of precious metal has to go higher because there’s an insatiable demand for physical precious metal in the world today,” Kirby says.  “And central bankers are accumulating gold today at a rate they haven’t done in literally decades upon decades.”

Real Eastern money isn’t biting on Western banking sorcery where the financial powers work hand in foot with the lapdog mainstream media promoting alternatives to physical metal like GLD and SLV in silver, different sorts of certificates and paper programs where they sell people promises of gold but not the real thing. “People in the East, the Asians, the Russians, they’re well up the curve on the truth that the metal markets have been rigged with the futures markets and the paper price and that’s why when they buy precious metal they demand physical bars.”

Banking in gold is completely different in the East than it is here in the U.S.  Kirby calls it dislocation.  “If you’re talking to a prospective buyer of metal in the Eastern world they’re going to want nothing but physical metal,” he says. “But if you talk to a hedge fund manager in New York he will buy GLD if he wants gold or SLV if he wants silver exposure and they will believe that they really own gold or silver.”

The problem is it’s only going to get more difficult for banks as well as individuals to get their hands on tonnage of precious metal,especially silver.  “Interestingly it’s harder to get a large amount of physical silver right now than it is to get a large amount of physical gold. Silver is very difficult to obtain in the market,” Kirby says.

Purchasing large amounts of precious metal is not as easy as it used to be, especially here in the West.  There seem to be many roadblocks in the way of such purchases.  “The kind of roadblocks are the same kind of roadblocks that are showing up in Venezuela in their attempts to repatriate their gold from the bank of England,” Kirby says.  “I’ve done some reading into the reasons why the Bank of England is denying Venezuela the repatriation of their physical gold. And one of the reasons offered was because Venezuela hasn’t given a good enough explanation to the Bank of England as to what they were going to do with the gold once it was returned.”

That’s a very lame excuse not to return their gold.  There’s got to be something bigger going on and it has to do with the financial system and what’s going on is a battle to claim ownership to the world’s gold as the dollar markets collapse.  Everybody’s jockeying for position from a geopolitical and global economic platform and threatening to blow each other up with a combination of nukes and banks as we wind down the road to something very huge and costly.

GOLD WARS: TRUE HISTORY OF GOLD AND THE GLOBAL FINANCIAL SYSTEM, Vol. 2: Why is gold such an undervalued asset?

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Financial truth is very difficult to come by these days especially when it comes to gold.  The mere role gold plays in global finances is completely misunderstood by most financial advisers and talking heads because the truth has never actually been revealed to them.  They don’t have a truthful financial basis to operate from.

Truth in gold history has never been taught in any school of global economics.  It’s not made available for public consumption.  It’s one of the many hidden secrets possessed by the powers that be for their use, not ours.  That’s why the media and so-called experts of modern day economics never even take into consideration who truly runs the higher and deeper aspects of our totally controlled and manipulated financial system.  They have no idea really who controls the world’s gold, ancillary accounts, and other valuable precious metals, and how that really plays out when our financial system finally does bottom out.  The truth pseudo economic experts don’t understand and therefore are incapable of telling us about is this:  The key to global finances is in possessing the world’s gold supply, and then controlling all forms of income derived therefrom.

When you play by marketplace gold, for instance, in today’s modern world rules you know that Comex is a major player in gold paper trading.  Comex is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum, and did you also know that Comex is run by the banks?  Which means the banks control the inflation and deflation of fiat currency and the paper that controls the price of gold.

Something else that’s not programmed into our box of understanding: the banks have all the financial control, and we do not. 

“The interesting thing about the Comex is if you understand that it’s run by the banks who have market making monopolistic power then you know they’re going to lead the speculators into the wrong footed positions all the time,” says Craig Hemke, Sprott Money News.

That’s how the banks control the average investor and this is something most people who invest in gold never realize.  What they’re being told is part of the financial smoke and mirrors financial game of fraud.  Paper gold is not the same as precious metal stored in a safe deposit box, and its prices are manipulated by the banks.  Paper gold is actually worth little more than the paper it’s not written on.

As for silver, many experts believe the banks are not going to be able to deliver as promised on the open interest in December because there’s not enough recorded silver in their possession and under their control.  “Is there not like a billion ounces of open interested silver.  Like nobody has a billion ounces,” Eric Sprott says in Hemke’s weekly Wrap-Up interview called, What”housing Armageddon” means for gold and silver

The gold exchanges are not going to be able to pay off the contracts and they’re going to be scrambling to get precious metals on the open market that are not going to be there.  The reality is gold and silver are being bought out of global marketplace existence at a record pace by the East as we in the West suffer through financial misunderstanding and blindness and the worst financial crisis in our lifetimes.  The media is telling us our economy is booming while our family’s inability to make financial ends meet tells us otherwise.  And it’s not just us.  All the markets are reeling for everyone across the world at the same time.

“We seem to be having, one, economic weakness across the board,” Sprott says.  “German GDP was down, Japanese GDP down, Hong Kong GDP weak.  We’ve got stress in housing pretty well in all developed countries.  Auto sales are weak, and more notably in Europe.  That and travel data seems to be weakening off here.  And we’ve seen a lot of concerns about that.  And two, you have the signs of market that’s under a lot of stress here.  The fact that it’s almost flat on the air now.  Bonds have been weak.  No pension fund can be making money.  It’s almost impossible,” Sprott says.

America’s top shelf corporations are also taking a beating and we can see the bailouts are coming to corporate America while the rest of us starve.  “You got GE getting hammered.  You got PGE getting hammered.  Of course Apple’s in there.  Goldman Sachs is getting hung out here because of their involvement with Malaysian fraud that cost the Malaysian government $4.5 billion dollars,” Sprott says.

Malaysian people go hungry and the Malaysian King marries the former Miss Moscow after visiting a fertility clinic as financial debt continues to mount with internationally coordinated answers seemingly nowhere in sight.  We have a lot going on in the world that’s not very good from a market perspective and nobody’s offering viable solutions.  Companies are being negatively affected by the trade war, which doesn’t look like it’s going to be resolved anytime soon, and the media is not focused on what that has to do with our economy, jobs, or ability to feed our families.  The media is part of the disinformation campaign.

We have global humanity issues like Ebola raging its ugly head again in Africa.  Warnings from the CDC can cause chaos in the global economy, certainly affecting travel.  

We’ve got Brexit and nobody’s pricing that in if all of a sudden that goes south and the Euro rallies and the dollar falls. Who’s going to tell us the truth of how we play out that potentially catastrophic scenario?

“We’ve got major potential problems with the commercial paper market,” Hemke explains, “and all the GE short term debt that’s out there and held by people.”  One look at all of what’s happening around the world in the financial markets and we realize factors that are not being priced into real time economics. 

Do we have any idea that interest rates are going to kill us?  Mortgage rates have gone from 3.6 percent to 5.2 percent.  That’s almost a 45% increase in interest costs alone.  “Welcome to housing Armageddon here,” Eric Sprott says.

We’re seeing major signs of stress in the bond market.  “Some of the best commentators are suggesting that there’s fundamental weakness.  In fact, one of the best says, ‘You know, we all knew it was phony.  Zero interest rates and the printing of money.’  The whole nine-year rally from ’09 to today, we knew it was phony.  It was the elephant in the room.  But because the markets kept going up, we didn’t worry about it.  Well, you know what?  Now that we’ve reversed things, we see the elephant in the room.  Which is higher interest rates and restricting money,” Sprott says.

So what happens when the Fed raises interest rates even more?  They’ve scheduled four Fed rate hikes for next year.  Even the Wall Street Journal said the Fed should hold off on hiking interest rates, which will send bond prices plummeting, with our families stuck in the middle with nowhere to live.  The housing market is crashing in all four corners of America.  Rising interest rates and low paying jobs are preventing families from being able to buy new homes or cars and our future is being left up to the Fed raising rates which only benefits them. 

They’re going to begin printing more money than ever at some point with real risks of hyperinflation kicking in and we have no idea what we’re going to do to have a prosperous future with the U.S. dollar.  Which is why we keep hearing talk about a return to the gold standard.

Eric Sprott believes it’s the only thing that makes any financial sense.  “If you can own gold at twelve-hundred-and-twenty-bucks and a year from now it’s still 1220 and the markets are down forty percent, that’s one great move on your part, “Sprott says.


Some financial experts believe gold is going to explode in value once the banking control mechanisms, financial restraints, corruption, and price manipulation have been reversed and the criminal bankers arrested and/ or intentionally retired, with some pricing a future ounce at five figures.  “The $10,000 announced number comes from people calculating – based on the amount of fiat currency that exists in the world – what it would take to go back to the gold standard as it used to be structured,” financial writer John Rubino says.

In other words, if you have that much gold backing of the existing fiat currency in the world, what price of gold makes that balance?  “You know, makes the equation balance.  And $10,000 an ounce pretty much does it right now,” says Rubino who founded, a financial blog and news aggregation site. 

One of the major problems however with trying to calculate the future value of gold is that the amount of global debt increases dramatically with every passing day.  So the number of debt is rising along with the amount of paper currency in the world.  That’s a major part of what keeps the fiat currency system expanding and afloat.

So if we own gold Rubino is saying that the $10,000 figure is right now what we’re looking at for the future.  When the economy crashes at some point the value of gold will be $10,000.  But on the other hand, it may be higher.

If the U.S. dollar dies to zero, gold could shoot to infinity, Rubino says.  “And if you assume that the fiat currencies that are out there today are not just going to fall and then be devalued – but they’re going to fall to zero.  If they’re just going to evaporate then your number for gold is infinity,” he says.

So somewhere between $10,000 an ounce and infinity is probably where gold will end up in the next monetary system, after we have the reset.  After everything has crashed.  If we’re still alive.

The experts keep saying that we can’t know the timing because we can’t know the exact progression of global events.  Gold and silver are good to own because their trajectory is going to be upward regardless of what happens geopolitically and to global currencies.

That’s a lifetime of investing right there, some experts say.  That’s all we really need to do is buy a bunch of gold and silver right now and ride it until this thing plays out, and we’ve basically done our financial thing for a lifetime.  So long as we can avoid confiscation.

What the mainstream media fails to tell us is that if we don’t want to be owned by the financial markets right now we will probably want to be as safe as possible.  We will want hard assets that we either own or store in a very safe place, that won’t just evaporate in a financial crisis or be confiscated when the government is desperate for funds and starts to go crazy. 

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