DOES THE U.S. HAVE ENOUGH GOLD TO BACK THE NEW U.S. DOLLAR?

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The U.S. dollar as we know it is about to be replaced by a new currency. We don’t know when. It could be this year, or maybe next year, we don’t know. The question is not if? the Federal Reserve Note (U.S. Dollar) will be replaced but when? When it does, it’s going to have to be gold backed with value. Real assets like gold will have to back the new U.S. dollar at least in part for America, and Americans, to get back onto the global financial carousel with economic independence and the ability to coexist with foreign currencies that are backed by gold.

The important question to us as Americans with family members to provide for and a desire to see our spending power grow is how much if any gold does the U.S. actually possess? A legacy of secrecy still surrounds how much gold America has, author James Ledbetter, editor of “Inc. magazine” and the author of “One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries”, writes for the Los Angeles Times. “Some of the conservative and libertarian figures who demand that the Federal Reserve be audited, for example, grumble that there may be a lot less gold — maybe none! — in Fort Knox than official numbers allow,” Ledbetter writes.

Others believe U.S. central bank vaults possess more gold than America’s been letting on to. On August 21, 2017, Bloomberg reported that U.S. Treasury Secretary Steve Mnuchin had paid a rare official visit to Fort Knox to in fact confirm the nation’s gold stash.

Is our financial inventory in tact? U.S. Treasury Secretary says it is, sort of.

“I assume the gold is still there,” Mnuchin, a former Hollywood producer, recently told an audience 40 miles north of the U.S. Bullion Depository. After the visit, the Secretary of the U.S. Treasury playfully reassured America that the treasure was still secure. But is it? What if Mnuchin is wrong? Or lying? And what if the U.S. really doesn’t have enough physical gold to back the greenback?

DO WE REALLY HAVE ANY GOLD?

Our President appears to believe in a gold standard but he has expressed doubts as to America’s status as a present legal custodian of the precious metal. “We used to have a very, very solid country because it was based on a gold standard,” Ralph Benko of Forbes cites President Trump in March 2016 as telling WMUR television station in New Hampshire, “but it would be tough to bring it back because we don’t have the gold. Other places have the gold.”

Other places have the gold and America does not? Could that be true?

As if doubling down on our president’s position regarding America’s gold possessions Benko cites Trump as telling GQ: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”

Which makes it all seem obvious that there’s no way the U.S. actually has the gold to back a new currency, right? Wrong, Ralph Benko writes, objecting strongly to the President’s position saying Trump has been misled to believe that “we don’t have the gold. Other places have the gold.” The United States, Germany, and the IMF have about as much gold as the rest of the world combined, Benko informs us, with America having well more than Germany and the IMF combined.

America claims to hold 8,133.5 tons of physical gold in its official reserves. Fifty-eight percent is reportedly held in Fort Knox, Kentucky, 20 percent at West Point in New York, 16 percent is said to be at the U.S. Mint in Denver, Colorado, and five percent is held at the New York Fed, an RT article says

Singapore’s BullionStar precious metals expert Ronan Manly is quoted as telling RT that America’s actual gold reserves are likely much smaller.

“The entire story around the U.S. gold reserves is opaque and secretive. There has never been a full independent audit of the U.S. gold reserves, and the custodians of the gold, the U.S. Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,” Manly told RT.

Besides, even if there were gold in American vaults there’s a very serious question as to the purity of the precious metal.

“Even the details that have been provided on the supposed U.S. gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery’ gold bar specifications,” Manly is quoted as telling RT.

This would make the gold un-tradable on the international market because of its low quality. There have been rumors that in the past the U.S. government has attempted to pay off debts with China using tungsten bars painted gold. China was reportedly deeply unimpressed with this payment method and returned the tainted bars back to the U.S.

WHERE WILL AMERICA GET GOLD TO BACK ITS NEW CURRENCY?

Like they say, if you’ve got it, show it. There’s a major question as to whether America actually does have the gold to back a new U.S. currency. If we don’t, where are we going to get it and how much will it cost?

President Trump has already told us that we don’t got it and someone else does. We know Russia has been buying up gold like there’s no tomorrow. China’s Royal Families and Elders are said to possess tremendous amounts of “unofficial” gold and other precious treasures from the ancient past. If we don’t have it in the U.S., would we get our gold from Asian countries in spite of the trade wars, billions of dollars in tariffs, South China Sea military standoff, and North Korea?

Or would we get our gold from Russia whom we’ve been targeting with the nuclear war drum roll for decades? Would Russian President Putin just forgive the United States for bringing the Communist Curtain down upon all Russian people in 1991, the destruction of the ruble, and the deaths of more than a million Russian people whose lives depended upon it, and just give the U.S. another 70 million metric tons of gold as the Russian Tsar reportedly did back in 1913 to help gold back the Federal Reserve Bank and the U.S. dollar?

There are rumors, myths, and stories that there are other greater hoards of golden wealth stashed out there in other countries belonging to someone that has yet to be legally established in the public eye. Might they lend a few million ounces of precious metals to Uncle Sam to help us in a time of need? Or not?

The rest of the world is turning to a gold standard. Our president and members of congress think gold backing of the U.S. currency would be a good idea. The Federal Reserve Bank and the Federal Reserve Note are breaking. The U.S. dollar and all markets tied to it are exploding into thin air on a global scale. Who’s going to give America its gold and save us? Who’s going to give our families a break?

 

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Singapore’s BullionStar precious metals expert Ronan Manly is quoted as telling RT that America’s actual gold reserves are likely much smaller.

“The entire story around the U.S. gold reserves is opaque and secretive. There has never been a full independent audit of the U.S. gold reserves, and the custodians of the gold, the U.S. Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,” Manly told RT.

Besides, even if there were gold in American vaults there’s a very serious question as to the purity of the precious metal.

“Even the details that have been provided on the supposed U.S. gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery’ gold bar specifications,” Manly is quoted as telling RT.

This would make the gold un-tradable on the international market because of its low quality. There have been rumors that in the past the U.S. government has attempted to pay off debts with China using tungsten bars painted gold. China was reportedly deeply unimpressed with this payment method and returned the tainted bars back to the U.S.

WHERE WILL AMERICA GET GOLD TO BACK ITS NEW CURRENCY?

Like they say, if you’ve got it, show it. There’s a major question as to whether America actually does have the gold to back a new U.S. currency. If we don’t, where are we going to get it and how much will it cost?

President Trump has already told us that we don’t got it and someone else does. We know Russia has been buying up gold like there’s no tomorrow. China’s Royal Families and Elders are said to possess tremendous amounts of “unofficial” gold and other precious treasures from the ancient past. If we don’t have it in the U.S., would we get our gold from Asian countries in spite of the trade wars, billions of dollars in tariffs, South China Sea military standoff, and North Korea?

Or would we get our gold from Russia whom we’ve been targeting with the nuclear war drum roll for decades? Would Russian President Putin just forgive the United States for bringing the Communist Curtain down upon all Russian people in 1991, the destruction of the ruble, and the deaths of more than a million Russian people whose lives depended upon it, and just give the U.S. another 70 million metric tons of gold as the Russian Tsar reportedly did back in 1913 to help gold back the Federal Reserve Bank and the U.S. dollar?

There are rumors, myths, and stories that there are other greater hoards of golden wealth stashed out there in other countries belonging to someone that has yet to be legally established in the public eye. Might they lend a few million ounces of precious metals to Uncle Sam to help us in a time of need? Or not?

The rest of the world is turning to a gold standard. Our president and members of congress think gold backing of the U.S. currency would be a good idea. The Federal Reserve Bank and the Federal Reserve Note are breaking. The U.S. dollar and all markets tied to it are exploding into thin air on a global scale. Who’s going to give America its gold and save us? Who’s going to give our families a break?

 

 

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WHAT HAPPENED TO HR 5404 – AND THE GOLD BACKING OF AMERICA’S NEW CURRENCY?

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It’s tough being a kid growing up in these times of civil war and deprivation where censorship runs rampant and the many layers of falsehood are often confused for truth. We’ve seen up close the horrors of pain and desperation etched onto the faces of hungry American children and frail elders alike. Our food and water is poisoned, geoengineering is making us ill and destroying the environment in which we live, and fires endlessly burn us out of our homes, jobs, and air. The economy has turned many of us into financial slaves and we can feel the devastation of loved ones falling apart right before our helpless eyes.

Our children are our futures yet they suffer from the darkness of a financial insecurity of which they are yet unaware. Many families don’t have enough money to make ends meet on a monthly basis which means they don’t have the financial wherewithal to keep their families together, to fill their children’s bellies with nutritionally balanced meals, or to clothe them properly from head to toe. Choices with profound implications have to be made under every roof every day. Irreversible sacrifices are being taken. Bills are not getting paid, medicines or food or both are not being bought, and almost all of this has to do with scarcity in the name of the American Dollar

WHAT HAPPENED TO HR 5404?

One of our biggest problems is that the U.S. dollar has basically become worthless, rendering our purchasing power of goods and services in the marketplace to near nothingness. We’ve been fleeced through the last hundred or so years by the United States Federal Reserve, fiat currencies, and the Western Central Banking System. They who run finances have scraped 97% of the wealth out of the U.S. dollar which has benefited their well beings while we the average American family are left with the last three cents on the dollar which is backed by nothing but growing U.S. debt. Which is now more than $21 trillion dollars and that’s not counting the $21 trillion that has been proven missing from the HUD and the DOD. That’s at least $42 trillion right there that our children and their children and their grandchildren will never be able to account for.

Which all the more proves why it is significant that a Congressman from West Virginia has proposed a bill called HR 5404 to gold back the U.S. dollar. According to thedailycoin.org Republican Congressman Alex Mooney has proposed a bill that will “define the dollar as a fixed weight of gold.” Mooney wrote an op ed about it in the “Wall Street Journal”.

That’s right. It has been introduced into congress that America should return to a gold standard. This idea is not new though. Even President Trump told us back in 2017 that he would like to see America return to a gold standard. In a Forbes.com article entitled, “President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again”, Ralph Benko writes that bringing back the gold standard would not be very hard to do with a president like Trump.

“Donald Trump shows a strong affinity for gold,” Benko writes. “He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great.”

So what this means is that our government is soon going to gold back the U.S. currency, right? That’s how it was supposed to be in the very beginning, before the Federal Reserve took over our country’s finances in 1913, right?

In proposing H.R. 5404 the U.S. Congressman from West Virginia criticizes U.S. monetary policy, citing the fall in the dollar’s purchasing power after the gold standard was abolished.

“The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913,” the bill says.

The congressman goes on to describe the advantages of having a gold-backed dollar.

“The gold standard puts control of the money supply with the market instead of the Federal Reserve. The gold standard means legal tender defined by and convertible into a certain quantity of gold. Under the gold standard through 1913, the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000,” Mooney says.

This would be good for us but nobody even knows about it. Did you? Nobody owns gold, instead everybody trading in dollars that are debt backed, which is what the U.S. dollar is and what America runs on. That’s all any of us own with our present financial system, which is being run into the ground.

Congressman Mooney says that under the Federal Reserve’s 2 percent inflation objective, “the dollar loses half of its purchasing power every generation, or 35 years.” Think about that for a long moment. We own debt that backs our assets and that’s what we bought our houses with. Our families’ homes and our cars were bought with U.S. dollars backed by debt that loses half it’s value every generation.

So what does that really say about everyone’s pensions or real estate that is tied into the U.S. dollar? Is that why we’re struggling so badly to keep our families living in some semblance of the lifestyle we have become accustomed to after we divorce? Is there any such thing as the “American Dream” anymore? If so, should we consider whether this new legislation, H.R. 5404, should become law? Because our old system of monetary value has lost its “value”?

Like Congressman Mooney says, “American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.”   These are the types of important issues we advise clients about to help them and their families stay ahead of the financial game and move forward in their lives. Meet spending needs, save value, and invest for ultimate retirement.

HOW MUCH GOLD DO WE AMERICANS OWN?

In an interview with the World Gold Council’s Gold Investor former Chairman of the Federal Reserve Alan Greenspan stated, “I view gold as the primary global currency.”

President Trump agrees. It’s been 34 years since U.S. lawmakers even tried to change the way America’s currency is backed, when Congressman Jack Kemp introduced the Gold Standard Act of 1984, which was cosponsored by seven others including Newt Gingrich and Connie Mack. It didn’t pass. 34 years later we have HR 5404.

Will it succeed? It has to if we as a country are going to succeed. Some believe we’ve made positive strides toward making gold backing of our currency a reality. “I think we are building a foundation of expertise — expertise that we didn’t have in 1980,” writes Nathan Lewis in Forbes in an article called, After 34 Years, We Again Have A Bill To Relink The Dollar To Gold“. “That will allow us to restore the united long tradition of gold-based money, when the political time is right.”

The question remains: when will the political time be right? And when it is right, who will be there to tell us how much gold, if any, the U.S. really owns to back the dollar?

 

FEAR HAS NO PLACE IN OUR FAITH RIGHT NOW, PERIOD!

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If an evil elected and unelected power hungry minority known as Deep State is really trying to commit a silent coup d’etat against President Donald Trump, as Joe Hoft writes in the gatewaypundit.com, then what if anything are we Americans going to do about it?

If there is a silent coup against our President wouldn’t that have a profound affect on our children? What kind of a future would that bring to our loved ones? Would we continue to stare straight ahead at the TV and consume the milk and party line as depicted by mainstream media and believe that all is cool in the land of Oz and nonfat yogurt? Or will we stand petrified with fear as they did in Nazi Germany while bearing silent witness to Nazis taking neighbors away? That would never happen to us here in America, right? We don’t really need to worry about bad people taking over our country, do we? Or do we? And if so, might we unite and fight to beat it?

Whatever we do Mark Taylor says we need to stop with the fear mongering because that’s all the mainstream media does. To abolish our faith. To create fear and paranoia inside of us with their “lies”. Which of course we have no time for anyway. Because we need to wake up. We’ve got lots of praying to do, as Joe Hoft tells us.

It certainly is no time to be afraid. There’s much work to be done. There’s a country to be saved, and it’s called America. So it’s time to do the research, to learn the truth, and most importantly, God says to his prophet: It’s not time to fret.

“Fear has no place in your faith right now, period!”, says Mark Taylor, former fire fighter and author of the popular book “The Trump Prophecies”, to Greg Hunter at usawatchdog.com. Taylor is the humble servant prophet who the Holy Spirit keeps delivering God’s messages to. Who then passes the messages along to us Americans. Regarding our concerns that America might be getting overwhelmed in a world that has gone completely bonkers with no end to the suffering in sight, which Taylor says is not true. We’re already winning, he tells us.

“The hammer of justice is not coming, it is already falling,” Taylor says. The prophet is not worried about what the mass media tells us because they’re the “lie” and the truth is that the wheels of justice are actually churning behind the scenes. The rule of law is coming back not only to America but to the world. He says we don’t need to fear because God is cleaning up the mess down here in the swamp so our families will have a righteous future.

So forget about what they’re telling us on mainstream news. It’s all a smoke screen. The truth is that political, religious and Hollywood “bad actors” are actually going to be cleaned up. A quick glance at the truthful alternative news media tells us this is happening right now. Judges, like the entire West Virginia Supreme Court, are going down. Many political leaders like both Clintons, Obama, and John McCain have been linked to a wide variety of serious crimes. Religious leaders like the 300 Pennsylvania priests indicted for sex crimes against children, the Vatican, Church corruption, the morally bankrupt Bishops, are being exposed, as are dark Hollywood personalities.

Which means these people are going to be prosecuted and voids in the national power structure are going to be created with a need to fill. Which makes by whom? and with what beliefs? two extremely important questions. Taylor believes it should be filled by God’s good guys.

“If you are part of the army of God, you need to be ready also because there are going to be politicians that are going to resign,” Taylor says. “We have had the biggest number of resignations probably in history. This midterm election is going to be huge. This is going to be a red tsunami. They keep talking about the blue wave. I think it’s going to be a blue drip, a leaky faucet, and that is all they are going to get. You have had more resignations than we have ever seen. Now is a good time to go in and capture this ground and hold it for the Kingdom of God.”

GOD IS MOVING AMERICA TOWARD A PLACE OF RIGHTEOUSNESS

The good guys are going after the really bad guys now. “It is not just ISIS they will fight – but the Elite, the Globalists, the Illuminati, who will be exposed by my light,” The Spirit of God tells Mark Taylor to tell us.

One thing we can’t do is get sidetracked by those who try to divide us. The reality is there is no left or right, we are all humans, interrelated in our battles to care for our families in very difficult times. We don’t have time to look left or right or to contemplate what that even means. We need to work together now to prepare our families for what awaits us in the future. “God is moving us towards a place of righteousness,” Taylor says.

That’s what’s happening right now. He’s going to be replacing these people in government who have betrayed us and righteous Americans need to be ready to fill that void. “If you are called to be a judge, senator, congressman or a council person, I don’t care what level, local, state or federal, take your place and get ready,” Taylor says. “If you are in the Army of God and you don’t vote, you need to get off your behind and register to vote. These are going to be the most important midterm elections in America’s history — period.”

This will determine how easy it will be for Donald Trump to get to Heaven’s Agenda.

THIS IS NOT DONALD TRUMP’S AGENDA, THIS IS HEAVEN’S AGENDA

Trump was chosen by God to implement God’s Plan. “This is what God wants to do on the earth right now,” Taylor says. “This is going on globally.”

This is not Donald Trump’s agenda. This is heaven’s agenda. That’s why Joe Hoft tells Americans to pray right now to solve our problems with Deep State. We need to get together as Americans and pray to God, and be ready to fight for our family’s freedom and potential future prosperity. That’s why Americans voted Donald Trump into the presidency in the first place. To bring about a fresh start. To clean up a dirty swamp. To fulfill God’s wishes.

“The Founders predicted a time like this when they created the 2nd Amendment,” Joe Hoft writes

. “Prepare yourselves and pray.” Ask for another miracle.

 

PRAYER CAN HELP YOUR FAMILY PREPARE FOR WHAT’S ABOUT TO HAPPEN

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It’s important to know the truth of what’s going on in the world so we can prepare our families to deal with difficult economic times while building a future with prosperity. For some it could mean the difference between life and death. Others believe we must be vigilant in our preparation now.

“We must be vigilant and prepared,” Joe Hoft warns in an article entitled, “GET READY AND PRAY TO GOD – The Time Is Now – The Imposters Are Preparing The Final Act in Their Coup d’etat”. The corporate executive doesn’t mince his words, straight forward telling those who voted for President Trump that there’s reason to be afraid at this very moment of what is happening to the man they elected into office.

Joe Hoft speaks from the perspective of a Fortune 250 Corporate Board executive, author and contributor at one of America’s largest political websites — the Gateway Pundit (TGP) — and he’s talking to Americans. He’s telling us that the sky is in fact falling and that it is urgent that we prepare ourselves and our families because our country is on the precipice of something awful.

“Either we’re going to be overrun by a power hungry ‘Deep State’, or we are about to survive one of the greatest attacks to America’s existence since the Civil War,” Hoft writes. And all we Americans have to do is figure out which one it’s going to be, and act on it. We’re going to have to be the difference one way or the other for our family’s survival.

“The Acts of the Deep State are as appalling as they are criminal,” Hoft writes. “An unelected and elected power hungry minority is attempting a coup d’etat of the Trump Administration.”

A coup d’etat of the Trump Administration is a very frightening proposition to those who voted for him. Big words about a mysterious conspiracy that the average American who only receives his or her information from the legacy media might find difficult to understand. If the mainstream news is to be believed – and we are beaten over the head with this concept every second of every day – Americans’ only problem is Donald Trump. We are continuously told all we have to do is remove the President and all will be well in the end. The mere idea of a Deep State is ridiculed by America’s media talking heads, discarded as being nothing more than conspiracy talk.

But not all Americans believe that way, obviously, since it was voting Americans who elected Donald Trump to be President in the first place. Americans who read outside the mainstream party line understood before 2016 that our nation had become burdened and encumbered by deeply rooted forces who were against Americans and it would take someone from “outside” Washington to be ushered to the “inside” to make some badly needed sweeping changes this country was in desperate need of. There was a swamp that needed cleaning, a war that needed fighting.

Americans understood that we had accrued for our children additional trillions of dollars in debt under former President Barack Obama and the U.S. debt to GDP ratio had increased to a whopping ratio of 40% to 100%. We learned in a sickening way that our families’ well-being along with our healthcare had been taken over by big government, who handed it over to the insurance industry, and America’s military was at war all over the world, as usual, in places our sons and daughters had no legal business dying in.

Americans understood years ago that ISIS had been added to Al Qaeda to oppose all things “Western”, which meant us Americans, and the Iranian nuclear arms agreement had never been signed yet it had enabled billions of U.S. dollars to line the pockets of major American, European and Middle Eastern businessmen and politicians. America’s borders were open whereby illegal and previously deported aliens, foreign gang members, and members of ISIS flowed freely across our borders, while our little daughters and sons were being raped and murdered by this unholy non-American invading army. Our leaders had given everything away. There was nothing left for our children. And that wasn’t even the worst part.

“The U.S. was giving away everything in trade deals and providing billions in a fake climate change agreement,” Hoft writes. “But the most devastating cancer of the Obama years was the proliferation of the Deep State.”

WHAT IS OUR TRUTH?

This has always been a difficult concept for most Americans to grasp, especially those who’ve never heard of this secret evil conspiracy or understood what it might really mean to our family’s potential for future prosperity. If we took the time to do the research and really understand the issues, we might ask, Who is this Deep State anyway?

Hoft defines Deep State as, “A small group of evil unelected officials” who “were given the reins of the U.S. Justice System, State Department and intelligence agencies.” He says these conspirators had banded together to pardon Hillary Clinton of her many crimes while spying on Donald Trump, his campaign, and his administration.

We know that President Trump won the 2016 election, but what many are finding hard to grasp is that a “small group of evil unelected officials” are attempting to remove our duly elected President from his rightful position. Many people appear not to really see it through all the smoke and mirrors promulgated by the media. And even if what Hoft says were true, what is all this leading up to?

“Their hopes lie in winning the upcoming 2018 election so they can impeach a man for no reason other than he is not one of them,” Hoft writes. Which is why the corporate executive tells us we better start praying to God.

 

THERE WAS A MAJOR GOLD RESET BUT NOBODY IS TALKING ABOUT IT IN FAMILY LAW — UNTIL NOW

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Is the American financial system really crashing?  And if so, what are the indicators we should be looking for?  ITM Trading’s Chief Marketing Analyst Lynette Zang says we’ve been getting signals of a crash for quite some time now.

The former stockbroker and investment banker says she’s been referencing what she calls “pattern shifts” that have been speeding up since October of 2017.  She notes that “insiders”, heads of corporations like boards of directors and CEOs, have been “running for the exits” financially.

Zang also notes how global Central Banks, “not in this country, and not in Canada, but everywhere else,” are massively accumulating gold.  Why are they doing this?  Why are some of the world’s biggest banks and corporate heads “massively accumulating gold”?  Could it be that the gold hordes will be utilized toward a coordinated backing of those nations’ currencies?

Zang says it only makes financial sense.  “Because gold is a savings based currency,” the chief marketing analyst says.  Zang believes other countries are accumulating gold in record numbers in preparation for the reset of the debt.  If we’re a family, for instance, and we have a financial crisis, we can bail ourselves out of trouble through our savings.  Theoretically, we can throw money at it and get out of that crisis.  That’s one reason savings are so critical to our families’ survival.  But if we have no savings when that next crisis hits, how do we get out it?

Same thing with nations.  And if you’re a huge government like the United States, and you seemingly have no savings, just a bunch of intertwined bureaucracies trying to take the thin margin of profit from one another, what are you going to do when there’s no margin left to loot?  Where’s the money going to come from?  Where as individuals are we going to get our family’s financial security from?  Lynette Zang says that’s when it’s time to start a new financial system.

COME ON.  A NEW FINANCIAL SYSTEM?

Zang says that the reason a country should have major amounts of gold in its reserves is because, from a national perspective, gold creates fiscal responsibility.  That’s why all the other countries are buying it up in record numbers.

Now as far as the reset is concerned, it is about resetting the debt.  Zang says that if the financial reset is on a global scale, which she believes it is, because all the countries are in major financial debt, then the countries with the gold are going to be the ones with the savings.  They’re the ones who are going to be able to do the business, because they have savings.  The United States is not one of those countries.  That’s how the wealth is going to be transferred.

THATS HOW THE WEALTH IS GOING TO BE TRANSFERRED?

That’s how the American dollar has gone.  In the beginning, it was 100% backed by gold.  Then it was 25% backed.  We were taken off of that during the Nixon administration in 1971.  If having gold is a sign of fiscal responsibility, America’s dire financial condition is a sign of our lack of fiscal responsibility.

Zang believes that we who populate the United States will ultimately end up with Venezuela style hyperinflation.  If you don’t know what that means, look it up.  A good majority of the citizens in Venezuela operate from below the poverty line.  Economists say we’re going to suffer a similar fate.  Our standard of living is going to shift dramatically.  Globally on average about 80% of the population ends up in abject poverty.  In Venezuela that number is ninety percent.

Venezuela did a formal reset of their currency to gold on February 9th of this year.  The price of gold went up that day.

When the system crashes it’s not like you’re going to take your gold and silver and bury it in the back yard.   What you want to do is be prepared.  Think about your standard of living, and do what you can do to sustain that.  Food, water, energy, security, community, and silver and gold as barter.  Small denominations to be used for a tank of gas or to go to the grocery store and purchase blueberries.

During a financial crisis like Venezuela has faced, gold or silver may not pay you interest, but it is the safest thing you can do currency wise.  Zang also says you want a certain amount of cash out of the banks, because we’re not going to be given notice when the bank is going to shut down, or we’re not going to be able to get access to the financial system.  The more digital the financial system becomes, the more important cash will become.

Zang refers to 1996 when the National Security Agency white paper on cryptocurrencies came out which referenced cryptos as being outside the system.  “They are private,” she says.  “They’re invisible.”  You can have them in a wallet.  Zang believes this might be stretching the true intentions of the coming financial system, but she can’t be sure.  She wonders whether by telling us cryptocurrencies are outside the system, that they really mean that cryptos are “the system” the globalist controlling Banksters want us to adopt.

Other sources have alluded to the concept that in the U.S. there’s going to be a gold-backed cryptocurrency that will replace the U.S. dollar as our national currency.  In either scenario, it sounds like we’d better practice up on our digital cryptocurrency skills.  And save some gold and silver buried under a tree.  And read up on Venezuela-style hyperinflation and what it’ll take to survive it.

 

 

 

 

HOW DO YOU PREPARE YOUR FAMILY FOR A FINANCIAL RESET?

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Does anybody who’s ever tried keeping their family’s heads above treacherous financial waters have any idea what in the world is going on right now?  Overseas, we’ve got accusations of chemical attacks and fake chemical attacks simultaneously coming out of Syria and England.  We’ve got threats of a major trade war between the United States and China.

Domestically, we’ve got a U.S. dollar that is worth four cents on the dollar, with the value declining as I write this.  The U.S. bond market and stock market, both pegged to the U.S. dollar, are filled with too high prices and too much risk, so they no longer provide a guaranteed safe haven to protect our assets from the declining U.S. dollar.

We have President Trump with his tax cuts, and Central Banks that are talking about raising the interest rates.  Our economy has been stretched to the max.  This last series of programs that were put into action by the Federal Reserve Bank since our last crash in 2008 have failed.  And all of this is happening at the exact same time.  It’s a recipe for disaster, and now someone is talking about a complete financial “reset,” and we have to wonder how that will affect our ability to feed and clothe our families during difficult days to come.

Why is all of this happening right now?  According to Lynette Zang, Chief Marketing Analyst at ITM Trading, ten years of American Central Bank failures means that all of the fiat money assets that were targeted for “‘reflation’ have created tremendous bubbles, and now they’re trying to undo the experiments with our economy.”  They’re trying to undo what?

Zang, who has worked in commercial banking since 1986, says what we have witnessed is a Central Bank rally followed by what appears to be a Central Bank crash — with whatever is to follow.

“The Fed is going to start tapering their stimulus,” the former stock broker and investment banker says.  In other words, print, print, print money is all we know, and now the scant part of that flow that came down to us is being cut off.

Zang says what fuels this whole financial system, which is called a “fiat currency system”, is the constantly compounding debt.  “And interest rates are the tools that they use to speed that up or slow that down,” she says.

Our problem is the world has been anchored at zero percent interest for too long.  “That means they’re out of the tools that they typically would use to do that,” Zang says, “which is why they’re trying to unwind and normalize something that isn’t normal to begin with.”

Our money system is not normal to begin with because it is based on debt.  The best we can do in our present day financial reality is borrow more, of what the Federal Reserve “prints”, so we can buy what we can afford to borrow — at a price, that compounds daily with interest.  And now the Federal Reserve Bank has no more tools to keep it going.  The American financial house of cards is rapidly crashing, and what exactly that means to us, the average person struggling to make a living and raise a family of four, will be up to us.

According to Zang, “they’ve” been calling for a “reset” since 2013, and “they’ve” run out of options.  There’s no purchasing power left in the U.S. dollar.  All the currencies in the world that are tied to the U.S. dollar have eroded over time due to inflation, to near worthlessness.  And that’s what all of our family law community assets are tied into.  It’s all going down the tubes.

“They’re talking about a financial reset,” Zang says, “but it looks more like a planned demolition.”  The Central Banks are in huge trouble.

We, here, in the real world, have no choice but to get our heads around this concept of a new financial reset.  We need to understand what’s going on.  Big changes are happening to us and we’re not being told about it straight forward.  We need to find answers to tough questions.  We need to ask those tough questions.  We need to understand how this financial crisis that is happening, and is apparently going to get much worse, is going to affect us if we’re an average family of four who just happens to be going through the biggest crisis of our lives, and it’s called divorce.

So what is a financial “reset”?  Is it getting rid of the debt, a new currency?  What?
“Transitioning us into the new financial system,” Zang says cryptically.  “Establishing the new financial system they have in mind, which ties into cryptocurrencies and cyberspace.”

If what Zang says is true, then the situation we find ourselves in appears clear enough.  We are going from a debt based financial system to one that is centered around crypto currencies, cyberspace, and digital money controlled by a central governing process.

If we’ve gone to the grocery store lately or tried to buy movie tickets we know our dollar is buying less.  Everything we own seems to be going down in value while everything we need gets too expensive to buy.  We’re forced to settle for less and make difficult choices as to how we’re going to spend our precious remaining financial resources.

The old financial system that started under U.S. President Richard Nixon in 1971 was based on debt.  That debt, and all the compounded interest that has accrued on it, stands today as not payable.  And the interest on that debt continues to add up.

Zang says a “reset” to the financial system begins with a reset of the debt.  She says we have been dealing with nothing but compounding interest, which is “what creates money in the system, and we’re never going to get out of debt.”  It’s the way the system was built and they are going to have to “reset” the debt, so we will be able to continue to function economically as individuals and a nation.  But at what price?

Our currency, the U.S. dollars we spend to buy food, gas, and clothing, are merely debt instruments that don’t pay interest.  Our financial system is based on the foundation of never ending debt.  We’ve reached the end of the line.  Compounding interest will never be paid off.  “It has to reset.”  “The system doesn’t work anymore.”  “It died in 2008.”  “It’s a zombie system.”  “The entire system will crash.”  These are Lynette Zang’s words, not mine.

And the question remains.  What do families have to do to have a chance to survive in a rapidly changing world like this?  The answer is they have to learn the truth of the world that swirls by them while they’re busy making plans, or playing with their cell phones.  Heads of families have to take the time to learn to understand what is truly going on in the economic realm in which they live.  Right now, we in America are living on borrowed time, financially, and most of us don’t even realize it.  We might be aware that something is going on, that bills are becoming difficult to pay, but we don’t really pay attention to finding solution to our ever increasing financial difficulties.

That’s why we’ve got to deal with the true nature of today’s realities, financially and otherwise.  We’ve got to do our homework.  We’ve got to weed out the lies in information we receive and determine who’s telling the truth.  We’ve got to understand that, financially, our dollar may be about to disappear.  That there most probably is some kind of major change coming to our financial system and the currency we will use to live on.  That we’re going to have to understand what that is all about, how it will affect us, so we can figure out how to preserve what assets we have left.  We must learn to understand how a financial “reset” will affect the future of our families.

Where does your family stand on this?

 

PROPERTY DIVISION IN DIVORCE IS ABOUT ASSET PRESERVATION

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One of the primary issues a family law specialist deals with in divorce is helping his or her clients resolve their financial issues.  An experienced family law attorney can help you not only divide your property and assets, but your debt and liabilities as well.  A divorce attorney will utilize the best methods to put your entire family in the best financial position possible as you move forward into unfamiliar post-divorce territory.

Sometimes the community possesses complicated financial assets, like investment and retirement accounts or stock options, and a forensic accountant might be brought in to help analyze, value, and divide your property.  A forensic accountant can help unravel the essential financial formulas that might affect not only the division of community assets, but also child support and spousal support.  Forensic accountants can be expensive, however, and they’re not right for all divorces.  In a divorce case, a little common sense can go a long way when it comes to dividing community property.  The key is to think about how you’re going to preserve what you have in this dramatically volatile economic environment we live in.

My belief is that we are in the middle of the greatest economic free fall that we’ve ever experienced in this country during my lifetime.  The United States Congress says that the U.S. dollar has lost 96% percent of its value since its inception in 1913.  Some economists say that we are in the middle of witnessing 90% percent of the global wealth changing hands of ownership.  Whose hands are your wealth going into?  Will you and your family have anything left?

The purchasing power of the U.S. dollar, which is what we live and eat on, is down to an all time low, so low, in fact, that the U.S. Congress is contemplating bringing back the gold standard to back it.  At this time, more than ever, income, expenses, assets, debts, savings, and investments, should all be at the forefront of the minds of family law attorneys helping you divide your community assets in a divorce.  If you as a divorcing spouse aren’t considering your personal state of financial affairs, as it relates to your family’s future financial reality, and the value of the assets that you can take with you in your split, you could be in for some major surprises and disappointment.

TRUE INVESTMENT CAPITAL ONLY COMES FROM SAVINGS

Unemployment in this country is at an all time high.  Even if you have a job, inflation affecting everything you buy probably keeps you from being able to actually save money.  One of the greatest issues for family law attorneys in dealing with divorce is financial disagreement between the spouses, which is compounded by the fact spouses just aren’t saving enough in real value, so they end up fighting each other tooth-and-nail to squeeze every ounce of wealth they can out of whatever community asset they have left.  So be it for inflated assets.  Sets of silverware are being split down the middle because divorcing spouses have not been saving.  They’ve barely considered the true valuation of their assets up to this point in their lives.

Savings are important because they form the cash cushion that gets us through difficult economic times.  We get the best value out of our assets by saving for them first.  A lack of savings is one of the major problems we face not only as individuals but as a country during these economically challenging times.  Economic researcher Chris Martenson, PhD, MBA, says that savings are important nationally because they are utilized for the formation of investment capital; that is, the property, plant and equipment that create actual future wealth.

Same thing applies to spouses in a marriage.  If you are going to want to be able to invest in the “property, plant and equipment” of your future, so you  have some future wealth to be able to preserve for your family, without having a giant debt load attached to it, you’re going to have to save for it first.  True investment capital can only come from savings.

INDIVIDUAL’S SAVINGS RATES AT ALL TIME LOW

According to Martenson, savings rates have plunged to historic lows, “levels last associated with the Great Depression.”  Martenson says the personal American savings rate has steadily declined in America since 1985 to the present.  The decline we have experienced as a country and as individuals has resulted from “a culmination of a multi-decade erosion of savings as a cultural attribute of American citizens,” Martenson says.  Now, many of you are realizing this in your own lives, where you’re having problems making ends meet on a week-to-week basis, with nary the time nor thought given toward investing in yours or your children’s futures.  The truth is, you can barely deal with financing the now.  And you’ve probably got a lot of debt to go with it.

Martenson, a futurist and co-founder at PeakProsperity.com, believes that what a history of persistently declining savings tells us is that there is an “implicit assumption” by the majority of people in this country that unlimited credit will be available in the future, and so we don’t need to save now.  We have assumed a lifestyle where we have largely substituted a “save and spend” mentality, with “a buy it now on credit” mentality.

All debt across all sectors in this country, and personal savings of individuals, shifted in opposite directions in 1985, with the gap widening dramatically ever since.  “Our national tolerance of debt shifted drastically upwards beginning in 1985 right as our national approach to savings was beginning its long decline towards zero,” Martenson says.

The marketing of our financial system has created in us a belief that in order to have a grander and brighter future, we are going to need more money, which equates to greater debt, so we can buy things.  We have become a country of mass consumers fueled by credit availability.  Everything is about beating the Joneses, now, the future be damned, and the Joneses have a lot of credit at their disposal.  The idea has been ingrained in us that low savings plus high debt equals prosperity, or what Chris Martenson calls, “at least a perpetual feature of our future economic landscape.”

THE BOTTOM LINE FOR DIVORCING COUPLES

The bottom line for most Americans has become that of low savings rate and high debt, which is a major problem because it means that most divorcing spouses have a very thin safety cushion to ride out the economic hardship we are experiencing at this time.  This equates to the fact that most people have failed to invest in their families’ futures.  Dealing with the present while preparing for the future has posed a difficult task for most Americans, and, as a result, divorcing spouses have little left to divide.  They’re not alone in this.  A lack of savings is a nationwide problem.

Our bottom financial line to get through these difficult times has to be pretty straight forward from here.  Save as much as possible, now, and get out of debt.  Many financial forecasters predict that a credit freeze is imminent.  Prepare for it.  Know the truth of what’s really going on in the world, and with our banks.  When possible, move those hard-earned savings into assets that will hold or increase in value during this time of the declining U.S. dollar.  The theory behind hard earned savings, and the investment thereof, should include a ‘smart plan’ on how to preserve those assets for future family needs.

 

 

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