gold news

 welcome to part two of who really owns america's gold in part one i showed you that when i first read the financial report of the united states government there was a footnote that triggered a question who really owns america's gold and i showed you that footnote that is still in the 2020 version of the financial report and then that footnote said that the gold was that is in the treasury was partially offset by gold notes that were issued to the federal reserve so i showed you how the federal reserve accounts for

that on their balance sheet america's gold and it's not partial it's all of it then i showed you that the department of the treasury also accounts for the same gold on their report with a footnote saying that it was partially offset by gold notes given to the federal reserve banks and then i showed you some of the laws and acts that created the gold nationalization and and moved the gold gave gold its ridiculous price of 42 and 2 9 42 and 2 9. anyway how does all this work what is the process

to get the gold from the american public through the federal reserve to the treasury well this is john q public and john q is happy because he has some real money gold that he can spend anywhere and he's a happy camper but then along comes the great depression and we elect this guy franklin delano roosevelt who says the only thing we have to fear his fear itself and he also says i know a way out of the great depression i will do a hat trick watch as i pull a rabbit out of my hat i will print currency and we will

spend our way out of the great depression but first i need two things one i need to abrogate the gold claw all contracts which specify payment in goal our that section is now null and void and you must accept fake phony fictitious fraudulent reserve notes instead two i need you joe six-pack and john q public to turn over your gold because gold is now illegal for americans to own to which john q public and joe six pack satan no you can't have our gold sorry folks but franklin delano roosevelt turns his back

on them anyway and says i'm going to print our way to prosperity we will buy the best prosperity that fake currency can buy and so he signs the executive order requiring all persons are required to deliver on or before may first 1933 all gold coin bullion and gold certificates now owned by them to a federal reserve bank branch or agency or to any member bank of the federal reserve system under penalties of ten thousand dollar fine or 10 years imprisonment or both oh boy now when he signed this this was

actually an act of treason why because in the u.s constitution article 2 section 1 there is an oath that he has to take before he enter on the execution of his office he shall take the following oath i do solemnly swear that i will faithfully execute the office of president of the united states and will to the best of my ability preserve protect and defend the constitution of the united states but in the constitution there's something called article one it comes before article two in article one the founding fathers

the framers of the constitution are trying to convey to future generations the most important things and in section 8 it says to provide for the punishment of counterfeiting and this is what he's trying to authorize he's trying to get the gold away from the public because gold prevents the government from counterfeiting unlimited quantities it prevents the federal reserve it prevents the expansion of the currency supply if the currency supply is tied to gold now when they created the federal reserve

it was created in 1913 but went into business in 1914 november of 1914 and world war one started uh the federal reserve act specifies a 40 reserve ratio so now for every 20 gold piece they had in the vaults they could print fifty dollars worth of claim checks that's the forty percent reserve ratio so they could counterfeit thirty dollars more into existence and these are gold notes so they promise to pay gold there's one gold coin in there there's twenty dollars that can actually redeem that gold coin and

thirty dollars floating around out there that can't so that that's basically counterfeiting new currency into into existence now they had already counterfeited that uh the the bulk of that forty percent reserve ratio so they didn't have the head room to do what he wanted to do the amount of new currency creation so they had to get rid of gold gold was standing in the way of the deficit spending that he wanted to do and then section 10 no state shall make anything but gold or silver coin a

tender of in payment of debts and notice it says no state capitalized shall make any thing capitalize but gold and silver coin capitalized a tender and payment of debts now he may have been getting around this on a technicality because he doesn't work for a state the presidency is the federal government is so this is specifying that no state shall make it but you have to realize the intent of the constitution you know the u.s had just been a conglomeration of colonies separate colonies of england

and it had only been a nation for just a few years when they're framing this so they they weren't thinking the federal government shall not make anything but gold or silver coin they said no state but the intent is that in the united states we're not supposed to be using anything but gold or silver coin and tender of payments of debts why because we had just been through a devastating hyperinflation of the continental currency that's why the framers knew what fiat currency could do

to a country and they were trying to warn future generations but he passed it anyway so what is the process to get gold from john q public through the federal reserve to the treasury well here it is this is a member bank of the federal reserve system and here is the fraudulent reserve and a lot of people think that the fraudulent reserve prints up currency that they just have this big printing press and they're always printing currency that is not true the fraudulent reserve does not print fraudulent reserve notes that's somebody

else's job and we'll get to that in a moment what they do these days is they type base currency into accounts that are on in the computers at the federal reserve and those accounts belong to all of the different member banks what they used to do is they wrote digits of base currency into the books now i'm going to have an account here for this bank that is actually in the computers at the federal reserve and we're going to type a bunch of fake phony fictitious fallacies of falsely fabricated figments forged

into fantasy fairy tale figures of fraudulent reserve base currency digits and that's what these are it's just a bunch of digits that the fraudulent reserve types into their computers that the bank now owns the bank owns these digits isn't that wonderful so now that the bank has these digits if the bank actually wants some some currency some fraudulent reserve notes to put into circulation what they do is they go to the bureau of engraving and printing and they pay a small fee and they ask

the bureau of engraving and printing to please print up some fraudulent reserve notes and then they are obliged and so now they have these fake phony fraudulent reserve notes that are that replace those base currency digits that were in their account and they can have those notes deposited in their vault and now they've got vault cash now that they've got vault cash they can buy that coin from john q public and now john q public is a happy camper because he's got a bunch of fake fraudulent fun tickets of fraudulent

reserve notes that he can go and spend any time he wants but what he doesn't realize is that he's being stolen from through inflation year after year after year by accepting these basically these are fraudulent reserve i owe you nothing notes and what's interesting is 94 years before all of this happened a guy named hans christian anderson wrote a fairy tale called the emperor's new clothes in which two swindlers convinced the emperor that they are going to create the finest suit of clothes ever

created but anybody that is stupid or incompetent cannot see these clothes and as they pretend to weave and tailor these fine garments the emperor can't see them so he pretends to see them because he does not want to be anybody to find out that he is actually stupid and incompetent and so uh basically these hucksters these swindlers sold the emperor nothing for something they got something for nothing and that is what went on here folks the the fraudulent reserve got something for nothing this is the member bank now the

member bank does not really want to be holding gold in their vault why because this is the age of john dillinger babyface nelson pretty boy floyd and bonnie and clyde and a whole host of other murderous bank robbers so what do they do they deposit that in their account at the federal reserve so it goes to the federal reserve banks where the federal reserve can pay for all of the security that is required and any other transportation and stuff now the goal here though is to get this into the treasury

so here's the treasury with the words in god we trust well we can trust in god but we can't trust in the treasury the federal reserve or the bank maybe we should change this to in gold we trust anyway the uh the federal reserve takes this gold coin from the bank's account puts it in the federal reserve's general account and then turns that over to the treasury but wait there's a problem here the bank is very very sad why is the bank sad because it's still missing a bunch of these

digits these fantasy fairy tale numbers that the federal reserve that the fraudulent reserve typed and so they don't do that what they do instead is the treasury prints up and i owe you something note this is to certify that there is on deposit in the treasury of the united states of america 100 000 in gold payable to the bearer on demand as authorized by law and so now the federal reserve and the treasury swap these two items the federal reserve now has the notes which claim title to to the gold but

with these new digits that the federal reserve owns it can use those digits as an asset to back the federal reserve's liability of creating these digits that are now back in the bank's account and everything balances and everybody is happy but wait a minute this isn't an iou nothing this is an iou something i owe you one hundred thousand dollars in gold payable to the bearer on demand now so the bearer can demand this at any given moment the federal reserve can demand their gold because they have title to it

that's what this note says but in all of the footnotes that we saw everywhere in all of the documents it says that the treasury can redeem these notes at any time they want so what would be the process for the treasury to redeem the notes they'd have to give the gold back to the federal reserve and now they've got the new ones so they're not going to do that so will uh luke grohmann's proposal of the federal reserve uh turning or of the treasury will luke grohmann's proposal

of the treasury turning over the gold to the federal reserve uh and or or printing notes uh for fifty thousand dollars per ounce work well uh what they actually could do is you know so this is the situation right now they could keep on paying for this gold now they could do it all at once and the entire monetary system would collapse or they could do this very slowly they could just create more gold notes and keep paying for the same gold that we paid for in 1934 and we paid for again in the 70s a

couple of times when the price changed to 38 and then 44 uh 44 and 2 9 and we could keep on printing until it gets up to fifty dollars an ounce a hundred dollars now it's a hundred thousand dollars an ounce whatever they want but they could do it slowly and they probably could pull it off if they keep on paying for the same ounces over and over again with more of these fiat promissory notes than the more digits of fiat currency of these fake digits that land on the same ounce of real money raises the price of real

money measured in those fiat currency digits and so all of those digits that flow in there would be added to the treasury's general account and the treasury can then spend those or pay down the national debt or whatever it likes now once they go from forty four and two ninths dollars per ounce and the price of gold the official statutory rate the price of gold rises from there up to the free market rate they sort of run into a brick wall however they gold news can use some of these digits to buy gold

on the open market and that raises the price on the open market along with the official rate now we're getting sort of toward a gold standard here i'm on the record as saying gold standards suck gold is great but gold standards just open the door to trying to cheat gold once again that's all they are that's just a manipulative tool and so i don't like gold standards i like gold but once they get to that point they can go on the open market and buy gold with these digits and a gold standard is

self-funding when you buy the gold you print the currency and the currency you've printed is backed by the gold you bought it's a fraud it's an emperor has no clothes type of thing so um they can they can continually raise the price and they can keep on going until it's a hundred thousand dollars an ounce if they want they can pay off the national debt they could do this very very slowly but uh what will happen is uh foreign countries would lose faith in the u.s system and they would all be going

toward gold and so it would be a sudden competition for gold and the price would go astronomical so this is not this is could luke grumman's suggestion work it might if they do it very very slowly like this it doesn't collapse the bond market instantly but we are in a fiat currency hole and i don't see a way out of this that is a nice neat way without some big collapse now there is a footnote to all of this so the federal reserve system was created in 1913 passed by woodrow wilson that's the guy

whose face is on that one hundred thousand dollar gold note he's the one that signed the federal reserve act into law it was originally called the aldrich plan this is senator nelson aldrich it didn't pass the first time around they changed it a little bit and and two years later passed it as the federal reserve act in 1913 and the federal reserve went into business in november of 1914. this is the group of men that designed the modern monetary system and this uh the this is paul warburg and he is the architect he's the

real the one that really understood the mechanics of how it would work senator nelson aldrich didn't get it and paul warburg had to explain it to him over and over and over again how you create currency and in from nothing and in debt the public at the same time it's just another hat trick folks notice how many of these guys are wearing hats and i'll bet all the rest of them had hats at home but paul warburg he is the architect of the federal reserve and this is not a con conspiracy theory

or anything else i'm not really suggesting anything this is just a fact you can make of it what you will i do not have the time nor the inclination to investigate this stuff i've already done enough but he had a son james paul warburg and james warburg was during the gold nationalization he was a key financial advisor to franklin delano roosevelt i want to thank you very much for watching give me a thumbs up hit that subscribe and notification bell and we'll see you next time thanks a lot