gold news

 the following presentation is based on content from my new book The Great gold and silver Rush of the 21st century to read the free online chapters or order the book please go to ggsr21.com thanks well my new book is finally here it's the great gold and silver Rush of the 21st century and in it you know it is about gold and silver but it's about a whole lot more than that as well the Crux of the book is in chapter 7 it reaches sort of this Pinnacle but you have to know all of this other stuff before you really get

it in the 70s from the lowest price to the highest price in January of 1980 gold rose 25 times in silver rose 41 times now there are about twice as many ounces of gold available today however the number of people that can legally access and buy gold and silver there's 18 times more people you got to remember that uh in the USSR and uh in China under Mao that it was illegal to buy gold and silver and there were no markets you couldn't buy gold there was no exchange to buy it on so even if

somebody could buy it through the black market or from another individual it didn't affect the worldwide spot price so those people were excluded from driving the price of gold from 35 bucks an ounce all the way up to 873 is the actual intraday High uh in January 1980 but uh those 18 times more people you know this includes Africa South America Mexico when I was a kid back in the 70s in the 80s uh you'd see TV commercials to try and raise funds for Starving Children in Mexico South America the Caribbean Africa southeast

Asia just all over the world there was quite a bit of starvation going on it's a very very different world today now there are markets and exchanges in most of these areas and the people that can buy now have according to the organization of economic cooperation and development they've got 55 times more currency there's 55 times more currency that has been created on this planet than there was back in January of 1980. there are 56 times more millionaires 200 times more billionaires there is 220

times more available consumer credit and the stock market capitalization is 49 Times Higher globally and now it's the people with assets that are going to be the the people that wants to want to protect assets are the people that are going to be buying gold and silver in this great gold and silver Rush of the 21st century which started in the year 2000 you know 1999 2000 but it's just a small portion of it that is done so far over the next few years I do believe that you're going to see something

spectacular so getting back to my book it's the first chapter is where'd my money go and it starts with if you if you've ever seen the movie It's a Wonderful Life by Frank Capra with Jimmy Stewart starring in it as George Bailey that was in an era where we thought Banks actually lent us something that already existed we trusted Banks we thought they were working in our best interests but Banks don't actually lend you anything that exists they when you come to take out a loan that currency is

created so right away that chapter is called uh where'd my money go because it's no longer money and part of it right after George Bailey is that stuff in your wallet isn't money and it's about the difference between money versus currency and price versus value and I sort of pretty much lay out in that chapter and I believe prove pretty much beyond the shadow of the doubt this this stuff in your wallet isn't money it's currency so let's take a look at some of that real

quick uh this is a ten thousand dollar gold note and this is among the first uh of the uh notes that are from the treasury before that we were using coinage we didn't use paper currency there were notes uh you know created by private Banks and stuff but here we have uh the act of March 3rd 1863 so 1863 is the beginning of the Civil War but this is certifying that ten thousand dollars have been deposited with the treasure the assistant treasurer of the United States and it's payable in gold at his office to the

order of and they would fill in your name here so this isn't like a general note that's just printed this is a certificate of deposit from the U.S treasury and uh and this was made out to individuals so this is probably the most beautiful fiat currency ever created it's the education series of silver certificates from 1896 and this promises to pay one silver dollar so this is a note that is a promise to pay money uh it's promising to pay one silver dollar here is the two dollar note these

are just gorgeous but the most beautiful is the five dollar note and this is where the you know there's this old term band in Boston Boston would ban a whole bunch of things that's where this term came from and it's because of the naked breasts of the they actually banned the U.S five dollar bill in Boston but this is a promise to pay five silver dollars that's what it is so um how did we get on this path of just promising to pay dollars that are more notes for dollars that are more notes

for dollars that's this Loop of ious this is a treasury gold certificate this certifies that there have been deposited in the treasury of the United States of America ten thousand dollars in gold coin ten thousand dollars in gold coin payable to the bearer on demand and so that in gold coin part that is the most important thing here this is a note that promises to pay money now I can prove that that is what this this is saying with the next note notice that this is series 1928 and this is a

treasury note this is a Federal Reserve Note also from 1928 same denomination but this is a federal reserve note that will pay the bearer on demand ten thousand dollars not ten thousand dollars in gold coin it's just offering to pay ten thousand dollars and it says that it's redeemable in gold coin on demand at the United States Treasury I always thought that was funny that would be like me saying here is my OU my IOU for so-and-so's car or for your house you know I get to make out the IOU and promise that you're

going to pay it this is the Federal Reserve making out an IOU and promising that the treasury will pay it or in uh it's it's in gold or lawful money what is lawful money this was lawful money the IOU from the treasury for actual money so you've got gold or lawful money so what is a Federal Reserve Note if if the gold note was lawful money and the gold was the money backing this lawful money what is the Federal Reserve Note the Federal Reserve Note is it's it's saying that the Federal Reserve Note is not lawful

money so the other thing was lawful money this is a promise to pay gold or lawful money therefore this is not money this is currency it's it's a stand-in and it's something they used to sort of lead us down this road of deception and this is in the book and and it just proves you know where this has gone since then uh where we were transitioning from uh fully backed with gold to partially backed with gold to almost no gold to no gold whatsoever to just being able to cash this note in I

mean this is now Federal Reserve notes are redeemable if you take a hundred dollar bill into the bank you can trade it for twenty dollar bills or ten dollar bills or five dollar bills or one dollar bills but they're all notes to just pay other notes and what the the thing that this proves is that if you take a piece of paper put some numbers on it and a whole bunch of little fancy Scrolls and curly cues on it and a picture of a very well respected Dead Guy anybody will fall for anything Hook Line and Sinker so I go

through uh that and I prove that currency is not money there's a difference I show price versus value I cover theft by decree which fiat currency is by government Fiat which is a decree and it is theft I cover it the currency Conjuring con how currency is created the evils of banking and Central Banking Central Bank digital currencies and I owe you an explanation thus all currency That central banks create is fully backed by debt-based assets such as treasury bills notes bonds and mortgage-backed securities all of these

are nothing but ious who has to pay back these ious you do that's right you pay the principal and the interest on the treasuries when you pay your taxes and you pay for the principal and interest on the mortgage-backed Securities when you pay your mortgage so a question what backs National Fiat currencies the answer is your permanent indentured servitude Something Wicked This Way Comes and that's where I go into Central Banking and Central Bank digital currencies and I close out that chapter with the

challenge to paraphrase what JP Morgan said way back in 1912 gold is money everything else is credit and the challenges from now on every time you open up your wallet and use some debt-based national fiat currency just stop for a moment and think how incredibly stupid the whole concept is I've been doing this for many many years and it's instilled in me a total contempt for currency but an ultimate respect for money so I hereby challenge you to please always use the proper terminology and differentiate between

currency and money never again use the term money when you're referring to the dollar Yen Euro or pound this is really hard to do I've been trying to do it since I first started this this back in 2006 and every once in a while I still make a mistake but I always correct myself if somebody disagrees with your stance that National Fiat currencies are not money and they claim that their currency is money ask them do you believe money is a store of value and they're most likely going to say yes

I believe money is a store of value then ask them is there inflation and if they answer yes then ask them but aren't those two things mutually exclusive if there is inflation the currency is losing value and so these things are mutually exclusive exclusive please try to differentiate between money and currency from now on so Confucius said the beginning of wisdom is to call Things by their proper names so that is the end of uh a my my short description of what chapter one is thanks for watching but this is by no

means the whole story if you want the full story including my free online only chapters and companion videos there's a wealth of information at ggsr21.com thanks