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 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 welcome to the great gold and silver Rush of the 21st century chapter 4 the scene of the crime give a man a gun and he can rob a bank but give a man a bank and he can rob the world now the reason that these this chapter is an online only chapter is so that I can refine it and simplify it and update it as time goes on these are very very

difficult Concepts to get and trying to communicate them clearly so that somebody fully understands them is a very very difficult job I have Rewritten this chapter dozens of times and when you include the amount of research that it took to do this there are hundreds of hours in this chapter possibly more than a thousand hours of work trying to figure out how the monetary system works and how you have been robbed so in this chapter I'm going to expose the largest theft in human history I'll show you who

the culprits are how they did it and the mind-boggling scale of the heist we'll also look at the wealth transfer that has caused the Great acceleration of income inequality and wealth disparity that is tearing our society apart at the seams but first let's go right up to the top of this chapter and make sure that you read this chapter and it is in eight parts this video is the preamble to those eight parts it's it's setting the stage for those eight parts uh and the reason it's in these eight separate parts is so

that you can stop and re-read it if you need to uh talk with somebody about it uh each piece taken separately you really need to fully understand and comprehend that piece before moving on to the next and then if you can hold all of these things in your mind at the very end of this chapter you'll see how wealth has been stolen from the poor and the middle class and transferred the the whole monetary system benefits the few at the expense of the many and you know you don't want to be one of those many

if you can help it and and the way the system is designed it cannot uh help but transfer wealth from one group of people to another so you want to try and make sure that you know about this so that you can be one of the people that wealth has transferred uh towards because if we have an unfair unjust immoral monetary system that's just the world we live in and we all have to make the best of it so just before going to press the decision was made to cut a couple of chapters from the book so that I could

simplify and update them as we move forward in time and then so I could also make these explanatory videos because I wanted to sort of give a little bit of help some of these things like I said are very very difficult Concepts to grasp it also cut the retail price of the book so that I can reach more people with what I think is an important message I believe that we have a potentially bright future for me a few decades ago I decided that I should study money if I wanted to get ahead in life and I did

study money and I did get ahead of in life and when I say study money there is a difference between money and currency I studied money and currency and the economy the monetary system the way it works uh and I feel very strongly that everyone should learn as much about currency money in the monetary system right now as possible if we can all figure this out and explain it to each other we can actually have an impact on the future we can change the future and prevent what I call a very dark era in

history from repeating and when I talk about this dark era what I'm talking about is people do not realize that we actually do live in a modern Dark Age the reason that it sounds nuts when I say that is because we have no basis of comparison but it is provable that uh there are periods of time where we have done damage to Humanity's progress and you can't go back in time and repair that damage this is a a con you know time always moves forward and uh tomorrow's Prosperity is built upon the

prosperity that we have yet today which was built upon yesterday's prosperity and if you do anything to impede that Prosperity today you can never uh you know each one is a step that's a rung on the ladder you saw off one of those rungs and you're you're in trouble so please also share this with everyone you can if you could you you'd really help I believe everyone uh by emailing this to and you know download this email it send people to ggsr21 to get the latest updates now um before uh when I cut this chapter one

of the things that was cut was a disclaimer my friends and colleagues all cautioned me about using the word slave slavery or enslavement uh in these videos and and this book because uh it's become very intertwined with racism it's just that there are no other words in the English language that can accurately describe this economic slavery that that our monetary system puts us in you have been monetized and you are uh your your future work hours have already been sold off into slavery and we're going to get

to that in a moment uh but this whole system exists in the shadows it's intentionally disguised and it's invisible to most people but I think through the use of correct language I can shine a light on economic slavery and show you that it is something very very real so let's get in to chapter four the scene of the crime give a man a gun and he can rob a bank but give a man a bank and he can rob the world surprise surprise in this chapter I'm going to expose the largest theft in human

history I'll show you who the culprits are how they did it the mind-boggling scale of the heist and we'll also look at the wealth transfer that has caused the greatest acceleration of income inequality and wealth disparity that is tearing our society a part of the scene at the seams the evidence that I'm going to submit comes mostly from the Federal Reserve and the bank of England and it lays the foundation for the next two chapters so you really need to digest each one of these parts that I'm about

to present because this is a story told in Parts I believe that the only true way for anybody to possibly comprehend the enormity of what is coming in our economy and in the financial world is to fully understand the shaky Foundation that supports the monetary House of Cards uh this chapter is going to show you that foundation and you'll get a look at some of the cracks chapters one and two laid out the groundwork that'll help you through this chapter and this chapter is technically a lot more

difficult very difficult Concepts to grasp I'll try my best to simplify them uh but you know talk with people about this get together and discuss it break it down and you'll really get a good grasp of what's coming and how the whole monetary system is laid out against you it is designed specifically to take from you and give to somebody that already doesn't need anymore so if you if you have chapters one and two this will be a whole lot easier to understand this story is told in eight

parts and like I said they're easier to understand when taken separately and fully digested before you move on uh so the parts are backed by the full faith and credit of you uh the entire monetary system I mean when you work to pay your mortgage or your taxes or your car loan that is what gives the currency value you have been monetized and you'll see this further down in the chapter that that the only thing that gives these pieces of paper uh that have a couple of numbers on them some fancy

curly cues and Scrolls on them and a picture of a very well respected Dead Guy the only thing that gives those purchasing power is your faith in them and uh the fact that you have to work in the future to make good on them basically I O U S A the monetary system is based on the future extraction of taxes from all of us part three is the 200 billion dollar gift that you never intended to give and this is how the banks have already to this point been given 200 billion dollars and they are it's accelerating

right now right now it's at a rate that exceeds a hundred billion dollars a year and it's all coming out of your pocket doppelganger dollars while I was doing research for this I uncovered a brand new type of dollar that is being created uh people don't understand that when currency is created it's mostly through loans but uh whether it's the Federal Reserve or whether it's through the commercial banking system it's just double entry bookkeeping the currency Springs into existence and when the

principle of that loan is being paid off uh the currency is being extinguished as you save up and pay those dollars to the bank they meet the debt on the balance sheet and they annihilate each other so currency is constantly being created and destroyed created and destroyed except there is a brand new type of dollar that was created by Ben Bernanke in 2008 and this dollar is not self-extinguishing it just stays there normally the amount of loans is growing at any given point in time so a little bit more currency is

being created than is being extinguished at that point in time these dollars were just created and they don't get extinguished so part five is the seven trillion dollar theft a third of the currency Supply was stolen and guess who they stole it from it was from the poor in the middle class and it went to the richest people on the planet uh part six an economy on life support I'm going to show an overwhelming body of evidence uh where the financial markets have been manipulated to make everybody think that

the economy was doing well but all of this manipulation the lies the cheating this all gets stored up this is like energy that has to be released one day and so that energy is about to be released I call it the other half of the financial hurricane that we've been in you know a hurricane the more powerful it is the larger it is and usually the larger the eye will become and that eye is a calm in the middle of the storm and as that storm sweeps through you go through the first part of the storm and

it's windy it does a lot of damage and then everything seems fine and then Along Comes the second half of the storm and uh in this case the storm has picked up speed uh since the calm started to happen in 2010 11 12. uh now it's I believe going to be twice as bad as what we saw back in 2008. part 7 reverse Robin hoods how the Federal Reserve steals from the poor and the middle class to give to the rich every second of every day and the last part the new slavery when central banks steal purchasing power from the common man he

must work more not to increase his wealth but simply to replace the stolen purchasing power if you are forced to work for the benefit of another with no compensation that is enslavement and that is how our monetary system works so those are the eight parts but this is the preamble to those parts that sets the stage we have mortgaged our future many people get confused with the word debt and deficit and then there are several different types of deficit there's the there's the budget deficit

and the budget deficit when they present the budget they plan on spending more than our income almost every year they are planning on getting us deeper and deeper into debt the debt is the total amount we owe the deficit is how much more we are going to spend this year than our income and the real deficit or the fiscal deficit is the amount if you take the amount we owed last year and the amount that we owe this year whatever the difference was was the real surplus of the deficit regardless of what they planned on in

the budget so you hear budget deficit that's just how much deeper in debt they are planning on getting us uh real deficit or or fiscal deficit is how much deeper in debt we actually got over a certain period of time and debt is when you add all the real deficits together now years ago back in about 2012 love I believe I had one of my researchers add together all of the budget deficits that they report and you know cumulatively they should add up to the national debt but they don't because uh it always turns out

that even though they plan on spending more than their income and getting us deeper into debt they actually spend more than they plan on spending and so we went back to 1967 and we added up all of the cumulative budget deficits for each year and the supposed surpluses that never really happened this that's this bump in the middle here is the surpluses reducing the amount of national debt supposedly but this does not add up to the national debt surprise surprise uh there this was what they planned on getting the debt they planned

on getting us into it's uh just under 13 trillion dollars of uh debt that this is what the national debt should have been if these budget deficits were true but the national debt actually added up to just under 20 trillion back in 2017 it's over 31 trillion now but the difference here was a seven trillion dollar lie so when you hear the budget deficit and they're arguing about the budget and stuff and the debt ceiling comes in uh into effect and there's it's all over the news this is just a smoke and

mirrors dog and pony show that's you know it's distracting you from what's really happening in the economy so don't pay any attention to that stuff let's get back to uh chapter four the scene of the crime so the real differ deficit is simply the change in the national debt how much did we owe last year versus how much do we owe this year uh the in 2020 it was 19 and a half times larger the this is the budget deficit now that I'm talking about the budget deficit they planned on spending 19 and a half times

more uh than their income than they had planned on back in 2007. uh this is a crime and so now the national debt is more than 31 trillion dollars uh but and and the politicians make things worse by adding to it every single year and they just added a whole bunch this year uh and every treasury auction is actually the same thing as a mortgage refinance but for the entire country every day some of our old debt comes due some of the old treasuries the bills bonds and notes are maturing and they have to replace those and on the average

it's a it's right around five years that the national debt rolls over so every five years they have to basically do a refi but this is on a rolling basis it is done every single working day they are refinancing the country's national debt at the beginning of 2022 treasury yields were a little over one percent if you're taking all of the different bills notes and bonds from all the different maturities and you average them at the beginning of 2022 it was a little over one percent at the beginning of 2023 it

was a little over four percent but they've already raised rates again since then uh and so when you take a little more than four percent interest on a little more than 30 31 trillion dollars of debt it's a little more than one and a quarter trillion dollars and that's not a little that's a lot uh so because these debt instruments roll over at about an average of five years we've only begun to see this big rise in interest payments up to that one and a quarter trillion dollars but it is

going to squeeze out a lot of the we're already doing deficit spending to try and keep up with how much the politicians want to spend and they keep on spending more and this is basically part of your lifetime that they are auctioning off you have to when you pay taxes you're paying on all of those treasury bonds that they keep on issuing treasury bonds bills and nodes so uh this same rolling over and refinancing of our national debt also applies to businesses and individuals and uh when

you today private debt of all corporations small businesses families and individuals is around 60 trillion and when you add the national debt it exceeds 90 trillion dollars so you can see this enormous debt here four percent interest on 90 trillion dollars is three trillion six hundred billion dollars this is the pit of debt that I was talking about in chapter two so according to the Federal Reserve the broadest measure of the currency Supply says that there are basically about 21.5 trillion dollars in existence that means

that the Federal Reserve is telling us that we've got 21.5 trillion dollars that exists to pay off a 92 trillion dollar debt now to be fair uh a lot of this this 21.5 trillion these dollars were borrowed into existence this is the principle a lot of that corporate debt for instance on a corporate bond when you pay it you know you've loaned currency to that company with the bond and then you pay it back and those dollars don't vanish that company pays it back to you you're going to spend the dollars somewhere else so

given enough time and a growth in the economy we would be able to pay off that debt with the existing dollars but still the very fact that there's four times more debt than all the dollars that exist this should be alarming to everyone so I've tried to think my best of some way out of this and boy we are in some serious trouble here so how did we get here what caused all this most people would say out of control government spending but that's only the effect it's it's not the cause

um the true cause is currency creation from nothing currencies it can be conjured into existence from nothing and that is how we can continually spend more than we've got and that's what got us into this problem so for some reason the process of fiat currency creation leading to the 90 trillion dollar pit of debt reminds me very much of of The Sorcerer's Apprentice from Disney's Fantasia movie Mickey Mouse works for a sorcerer bringing buckets of water from the well to fill the cistern in the

sorcerer's quarters the sorcerer leaves the room Mickey dons the sorcerer's magic hat and he casts a spell on a broom to do his work for him and Mickey Falls sleep basically and he's dreaming and uh everything is going well at first but he Mickey loses control and finds the room flooding he tries to stop the broom but he can't so he chops the broom up into a whole bunch of little pieces those pieces start coming back to life and turn into a full broom each one of those pieces and now you have hundreds of brooms

bringing hundreds and hundreds of buckets of water until the room is overflowing and Mickey is about to drown but just then the sorcerer arrives and with a wave of his arms reverses all the damage done and Mickey is saved the financial system though our financial system is out of control and we are drowning in debt so it was the sorcerer who saved Mickey my question is who is going to save us I want to thank you for watching this video and we'll see you in the next video as I cover part one of

chapter four and this is backed by the full faith and credit of you because you have been monetized we'll see you in the next video 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 foreign [Music]