Gerrit Visser wastes no time in getting to the heart of the issue in his response to my HR 5404 article where I asked what happened to our gold and where was the U.S. going to get enough of it to back a new U.S. dollar?  “Let me now attend to the question of HR 5404,” the precious metals analyst and adviser says.  “I very much doubt that HR 5404 will ever be approved or adopted by the U.S. Congress or the Senate on many grounds.”

HR 5404 is a bill before Congress that if adopted into law would bring America back to the Gold Standard.  Visser cites several reasons why he believes HR 5404 will not be approved in the U.S.:

1.  The potential gold backing of the U.S. Dollar is unsustainable over the medium and long term.  “Based upon the figures I have cited (in previous blogs) and the claimed 8,133.5 MT gold held by America, there is not enough,” Visser says.  “Only sufficient gold to back the current amount of dollars in circulation is viable.  The U.S. does not have enough gold, if one can assume all currently published figures are correct, which they are not.  This means there are no gold reserves left in America for the future expansion of their currency or further expansion of their economy.”

2.  There are enormous questions as to exactly what gold America has, Visser says.  In other words, are U.S. gold holdings:

Stolen gold?

Fake gold with tungsten or lead?

Gold nuggets?

Gold dore?

Gold at 75% – 95% purity?  Or

Gold at 999.9% purity?

3.  Creditors will take whatever existing gold the U.S. has.  “Existing creditors have no trust in America or the U.S. Dollar and would therefore demand payment in gold, reducing the U.S. claimed gold reserves of 8,133.5 MT to a negative figure, or at the least near zero, taking America’s high debt factor into account,” Visser says.

COUNTRIES ACROSS THE WORLD ESCAPE U.S. DOLLAR

4.  Countries across the world are removing themselves from the “U.S. Dollar International Reserve Currency” for many reasons, which include:

a)  They’re tired of the politics.  “International politics is now tied directly to the U.S. Dollar,” Visser says.  “The U.S. Dollar has been weaponized to the detriment of the entire world.”  And now the whole world is fighting back by leaving the U.S. Dollar.

b)  The current value of the U.S. Dollar is manipulated so much that the published figures of value of the U.S. Dollar are generally considered to be highly overrated and manipulated at the expense of all other nations of the world.  “One could consider the current U.S. Dollar value as being 25 cents maximum,” Visser says.

c)  Nations of the world now understand that there are far better alternatives than the U.S. Dollar which gives nations the control of their own destiny rather than giving America and the U.S. Dollar control over their “Sovereignty”, “Economic Development”, and “Economic Affairs”, Visser says.

d)  “Treasury Assets of Foreign Currency cannot be used, or hypothecated / levered as collateral behind a gold backed currency because they know once again it is all ‘Fiat Money’ with no intrinsic value whatsoever,” Visser says.

The fact is the current financial system based upon “Fiat Money” is rotten to the core and it is monopolized by the U.S. Federal Reserve Bank.  Other countries know it, the world knows it, we know it. 

“Which makes it possible that all this talk of backing the U.S. Dollar with gold, which is completely hypothetical, is in fact a ploy to calm everything down to a manageable level until such time as it uncontrollably explodes, bringing the whole world to a complete and absolute financial and economic standstill and possibly WW III,” Visser says.

THE ONLY SOLUTION FOR THE NEW GLOBAL FINANCIAL SYSTEM

There are many people in the world who believe there is only one solution and one savior to the world’s financial and economic problems.  “Get rid of the Federal Reserve Fiat Financial System and go back to the plan agreed to by over 190 countries, signed into international treaty many years ago, attempted to be implemented but never allowed by those who run central banking and the Federal Reserve Banking System,” Visser says.

The Globalists through the Federal Reserve Fiat Financial System have intentionally aligned with international politicians, bankers, and intelligence assets, to frustrate, ridicule, and demonize all efforts to actually implement a financial system that utilizes gold backed global sovereign national currencies.  That is what the world fights over right now, with Americans totally asleep at the wheel as to how the global economy is actually shaping up.

Americans need to wake up to the fact there is solution to be found.  There is in existence a gold facility of historical proportion;  one so large that its assets can gold back every currency in the world — one million times.  It has always been intended to back and control the world economic system and keep it from predator central bank “Fiat Money” control.  Thus far, the central banks have won.

“What I have been told directly from those who run this gold facility financial institution — they have already set aside $500 trillion USD in precious metals assets to back, support, collateralize, structure, and control a new international currency and complementary financial system for the whole world,” Visser says.

The U.S. Dollar is effectively dead so those many institutions holding U.S. Dollars, in false hopes, should be moving from paper into real assets of intrinsic value like gold, silver, platinum, and palladium, “which in our assessment is the future of the global economy and financial systems,” Visser says.

As for HR 5404?  It’s simply not there. 

Visser concludes with a warning:  “FINALLY A STRONG WARNING TO EVERYONE.  BE CAREFUL WHEN AMERICA STATES IT WILL BACK ITS NEW DOLLAR WITH GOLD.  IT’S A VERY WELL STRUCTURED MAGICAL TRICK BY AMERICA THAT WILL GET YOU EXCITED AND SUCKED IN.  IT’S NOT REAL.  IT’S  MIRAGE.  IT’S AN ILLUSION AND THE PEOPLE WILL END UP BEING THE LOSERS BECAUSE AMERICA HASN’T GOT THE GOLD IT CLAIMS IT HAS.”