gold news

this is the story of America's gold they talk about auditing this auditing that if anything is missing that is going to really be something but there is a reason that they keep this shrouded in secrecy there's a reason that they have just blown off senators and congressmen that are requesting a real audit of the Federal Reserve System and the US Gold stocks there's less than 0.04% of the gold that is still owned by the United States of America with no lean against it does the Federal Reserve

own or hold gold the answer is simple no they own a lean on all of America's gold except 0.04% rounded Franklin Delano Roosevelt he doesn't look like a criminal does he but then again these politicians never do so uh when he signed the executive order nationalizing not confiscating nationalizing uh all of America's gold the gold held by the public uh it required honor before May 1st 1933 that all gold coin gold buoyant and gold certificates that's going to be important in this video be turned over

to any Federal Reserve Bank branch or agency or to any member Bank of the Federal Reserve system uh going further into this is the American presidency project uh going into the text uh what you see here is for the purposes of this regulation the term hoarding shall mean the withdrawal of gold coin gold bullion or gold certificates from the recognized customary channels of trade so hoarding I've always found this interesting they want you to take their uh their promises to pay nothing their Federal Reserve not notes and hoard them

they call that saving but if you save gold you're a nasty hoarder so uh all persons are required to turn it over uh but going down here to section four upon the receipt of the gold coin bullion or gold certificates delivered to it in accordance with this s these sections the Federal Reserve or member bank will pay therefore an equivalent amount of any other form of coin or currency coined or issued under the laws of the United States so they'll take uh your IOU the the IUS that you are holding from the government that are

IOU something and they're going to give you an IOU nothing in return for it uh and that I you nothing you know a Federal Reserve Note you can always go in and get change so you can get other Federal Reserve Note notes for it uh but it's not redeemable in anything you know uh when we were in Hong Kong we were going to do a video we recorded a video of me going to the there's an address of the Hong Kong Shanghai bank that issues all of the Hong Kong dollars and I went in there and we filmed trying to redeem

it because it says you can bring it to that address and redeem this bill the teller had no idea what I was talking about he just didn't get it it was beyond his imagination so uh was Roosevelt a criminal well I believe that he did something that was treasonous this is the uh National Constitution Center uh and when you jump down in the Constitution to section 10 you know this is um article one contains all the most important important stuff that the framers of the Constitution thought should be in there this is what they

wanted to Comm communicate to Future generations and it says no State shall and then emit bills of credit well what is a Federal Reserve Note what is Bank credit uh or make anything but gold and silver coin a tender in payment of debts so the only thing that can be used as money is money not credit that is specifically what this is saying and Roosevelt outlawed money breaking violating the Constitution I believe he committed treason I believe that Roosevelt was a master criminal basically but he really didn't know what

he was doing you know his chief financial advisor was uh James warberg who is James warberg the son of Paul warberg sort of an evil looking character isn't he uh Paul warberg was the chief architect of the Federal Reserve System he is the one that uh really uh created in the Federal Reserve Act he was the one that uh created the way that the Federal Reserve was going to work uh he was uh very high up in lobe Bank lobe was one of the world's largest banks I can't remember what they've merged into since but uh uh

the he was one of the members on Jackal Island that created the Federal Reserve System so Paul wber um was Roosevelt's chief financial advisor so the son of the guy that created the Federal Reserve was the advisor financial adviser to uh Roosevelt and um why is that important well to give you an idea of who Paul W warberg was and how he thought here's a quote from from later in his life we shall have World Government whether you like it or not by conquest or consent whoa anyway so here's Roosevelt signing

the executive order uh nationalizing all of the American citizens gold and taking away our constitutional money and uh nobody knows who pinned this but I can bet I mean I I can guess that it was under the direction it's a bunch of attorneys and stuff but it's under the direction of this guy Paul warberg uh you know he and he's protecting his father's creation the Federal Reserve System because I mean why would they go to all this trouble why make gold illegal gold is the most inert I mean

they can't trust our US citizens with this dangerous element gold that is so nert it doesn't do anything it it doesn't corrode it's it's a wonderful metal that uh because of its properties is so non dangerous uh you know they made teeth out of it for many many years you can still get gold teeth uh so you can put it in your mouth and you can live your entire lifetime without it doing anything to your body so why would they see this as so dangerous that they have to nationalize it well

gold was our base currency at the time our it was our base money I'm sorry it was our base money and but they had issued a bunch of national fiat currency Federal Reserve notes and at first uh these notes this is a 1928 and uh they were redeemable in gold coin on demand at the United States Treasury now find that interesting Federal Reserve saying here's my IOU the treasury will pay you it's like me issuing an IOU and saying my neighbor will pay you they're not one and the same but it's it's the it's redeemable

in Gold On Demand at the United States Treasury or in gold coin or lawful money lawful money uh meaning that this is not lawful money at any Federal Reserve bank so what is this this is you know it's awful money not lawful money it's unlawful money it's it's a national fiat currency it is not money it's currency uh but it was redeemable in money the problem was under the Federal Reserve Act there was a 40% Reserve ratio so for every $100 bill they put in circulation or $100 worth of

bills that they put into circulation the Federal Reserve the treasury only had two $20 gold pieces to back that up and so it was a lie it was a fraud and now when people start withdrawing gold coins and taking them home it's it threatens to expose the lie that is why why gold was dangerous it wasn't dangerous to us it was dangerous to these lying cheating politicians and the people that run the Federal Reserve so what was the law money it's a gold coin or lawful money what is the lawful money it's this this

is in the chapter one of my book The Great gold and silver Rush of the 21st century this is a US treasury note this certifies that there have been deposited in the treasury of the United States of America $110,000 in gold coin payable to the bearer on demand so you could take this receipt for gold this currency and uh and go in and and redeem it for your money gold gold was money the uh Federal Reserve notes this this is a an IOU money uh the Federal Reserve notes were IO I the treasury owes you money

but uh there's actually only 40% of it there we've printed a whole bunch more IUS then we actually had gold to back it up so when they nationalized gold what happened to it well we already saw that the Federal Reserve printed up some notes and bought it from you so they printed up the notes that weren't redeemable with uh in Gold they called back all of the gold notes these treasury gold notes and the Federal Reserve gold notes those were to be turned over to the Tre the Federal Reserve so the Federal Reserve was

buying the gold from the American public with Federal Reserve knots I owe you nothings uh and then the treasury turned around and bought the gold from the Federal Reserve and these notes were printed up that certify that there's been deposited in the treasury of the United States of America uh $100,000 in Gold payable to the bearer on demand or as or as authorized by law so at first this is a 1934 $100,000 uh gold note now these never entered circulation they were strictly between the fed and the treasury but that was

replaced and I'll show you that uh in a moment uh but so getting back to the Department of the treasury's report on the gold reserves if you jump down to the bottom there's the 11 b41 million at the statutory rate of 42 and uh 29ths dollars which is 42.2 2222 out into infinity and it never stops with the twos uh so it's an irrational number because you cannot resolve this number it goes on for infinity and so I mean it totally makes sense an irrational government creating irrational go an irrational number for

the price of gold uh it's government is totally irrational and this is a stupid price but what's important here the gold reserves held by the department of the treasury is uh partially offset by a liability for gold certificates issued to the federal reserve banks at the statutory rate which treasury May redeem at any time so there's 11 billion 41 million uh let's take a look a little bit deeper in there gold certificates are book entry transactions so they no longer use those $100,000 bills it's book entry

transactions that represents the monetization of government-owned gold at its par value of 42.2 two2 per fine troy ounce um the Federal Reserve Bank of New York issues and redeems gold certificates so they both issue them and they redeem them on behalf of the US Department of the treasury the value of the gold certificates is credited to the treasury's general account the TGA and is used for the general operating expenses of the federal government so a long time ago $ 11 billion was added to

the treasuries account and they spent it uh now uh moving further down this thing background um the gold certificates represent a treasury liability to to the Federal Reserve Banks since the Federal Reserve sorry since the Federal Reserve has loaned cash to the federal government with gold as the collateral gold is the collateral so what is the Federal Reserve if the you know the gold is the collateral hm that means the Federal Reserve is some big pawn shop that's all it is it's a pawn shop uh if

you go to a pawn shop now I've only been in a pawn shop one time it was just next door to another store and I was looking at the stuff in it I've never used a pawn shop but people go to pawn shops in desperation for a loan and they loan something of value uh to the pawn shop they get cash they've got a certain number of days where they can go and redeem their claim check pay the cash back plus interest and get their valued object back most people are unable to uh pay it back and they lose the the

valuable item which is then sold so uh the Federal Reserve is acting as a pawn shop to the US government here uh and then it it goes into the account and gets spent so moving on there's something that happened in 2001 the board the fed the the US Mint the fiscal service and the Board of Governors of the Federal Reserve updated reporting procedures when the new demonetization uh policy became effective in 2001 to affect the demonetization policy fiscal service requested that the Federal Reserve Banks

redeem gold certificates for 100,000 fine troy ounces of gold uh and so at this uh the 42.2 two2 uh it equals uh4 million 222,00 22.2 sense I'll stop doing that in a in a moment but it looks as though to me that the treasury can uh redeem all of those gold the gold certificate account by just paying back the 11.37 this this number 4, 222,000 is important as you'll see in just a moment uh but if they uh they can buy back the title the lean on that gold by paying 11 billon 37 million to the Federal Reserve I believe

and then we really have the gold but right now right now the gold is not there even if it's there it's not there there's a lean on it somebody else has a lean against America's gold so here is the Federal Reserves uh so Board of Governors of the Federal Reserve System sorry Federal Reserve balance sheet factors affecting Reserve balances it's the h41 release and we scroll down here and we can see Gold stock 11 billion 41 million that's the entire US Gold stock that's all of America's gold but if we

scroll down to the very bottom of this sheet you'll see the gold certificate account is 11 billion 37 million what's the difference is that uh 4, 220,00 th000 troy ounces so um what percentage is that that has not been pledged that that is actually us owned gold that does not have a lean against it what percentage is that so uh 11 b37 million is what percentage of 11 b41 million and it is 99.96% of the gold that is still owned by the United States of America with no lean against it it is

0.362 something or rather this goes on uh for quite a few digits uh so anyway this is the story of America's gold they talk about auditing this auditing that if anything is missing uh that is going to really be something but there is a reason that they keep this shrouded in secrecy there's a reason that they have just blown off senators and congressmen are requesting a real audit of the Federal Reserve System and the uh the US Gold stocks so the Federal Reserve Board of Governors does the Federal Reserve

own or hold gold the answer is simple no they own a lean on all of America's gold except 0.04% rounded I want to thank you for watching we'll see you next time