gold news

 well this banking crisis that started out as a couple of small Banks is really picking up some steam and this is going to end in probably a far greater crisis than we had in 2008. the you know officials are reassuring everybody that everything is all all right but at the same time uh the truth is starting to come out about how the banking system is just a Ponzi scheme and the more people that find out about this you know the bank the banks require our trust and belief in them for them to work if

people start to not really trust them and not really believe in them then the whole thing falls apart uh if you go to ggsr21.com and read chapter four it's free just go there and read it click on online chapters and go to chapter four there's accompanying videos in there as well uh and take a look at that uh read it you will understand uh how the modern banking is just basically a giant lie and that they have monetized you but I would like you to watch a little bit of this clip here from Senator John Kennedy

actually saying on mainstream media that the U.S banking system is a Ponzi scheme here's the clip and Banks exist on the basis of trust they're really just don't take this the wrong way sophisticated Ponzi schemes and they work when everybody trusts each other and you get you get on that iPhone and start sending text messages and you have a you have the herd panic and Stampede anybody can go the speed of transmission is it's a breathtaking Senator Kennedy thank you for being with us thank you so the Ponzi

scheme that is the banks is now making the mainstream media so the general public not the people that are ahead of the general public like you people that view these types of videos but this is the general public the couch potato people are now starting to find out about this that can lead to a sudden very quick shift in the way things play out now uh here is Hugh Henry watch what this guy says no banks right now like how bad is it going to get um real bad what does real bad look like we've already taken out four Banks

already okay let me tell you what real bad looks like okay um the Panacea of the treasury announcing that old deposits are federally insured doesn't solve this problem there is capital flight deposit flight from the banking sector okay seeking yield okay I fear that just and I don't say this lightly okay but in 1934 the Federal Reserve Act confiscated gold from U.S citizens we're at the point where the fed and the treasury officials I'm sure are having to consider a gate a lock on U.S Bank

deposits so what he's talking about here is the banks restricting withdrawals so that you don't have access to your currency this has happened many times before throughout history but in there he made a little mistake he said that the Federal Reserve Act confiscated gold from the American people and uh that you know it's easy to make these kind of mistakes when you're you've got a lot of pressure on you he's on a newscast yes he's got to think and the stuff that comes out of his mouth has to match his

thoughts and he's got to do this very quickly and it's a very hard thing to do I know that for myself a lot of times uh when I'm under pressure sometimes I'm thinking one thing and something slightly different comes out of my mouth and I don't even catch it but it wasn't the Federal Reserve Act they were a series of executive orders and that brings me to a little bit of my book The Great gold and silver Rush of the 21st century this is from chapter one in late 1931 Great Britain defaulted on its

fractional Reserve gold standard and refused to honor gold Redemption rights this made people nervous about the US dollar they were losing faith in the currency and with each consecutive Bank Run they were increasingly demanding gold the Federal Reserve Bank was required to maintain a 40 percent gold Reserve to back its notes but on March 1st 1933 it it fell below the legal limit George Harrison no not that George Harrison the head of the New York fed sent an Urgent Message to the Secretary of the Treasury saying he would no

longer take responsibility for running the New York Reserve Bank with deficient funds on Monday March 6 1933 President Franklin Delano Roosevelt signed executive order 2039 immediately suspending all Bank transactions the proclamation also contained these words no such banking institution or a branch shall pay out export earmark or permit the withdrawal or transfer in any manner or by any device whatsoever of any gold or silver coin or bullion or currency or take any other action which might facilitate the hoarding thereof

the financial system came to a complete halt all commercial Banks and even the Federal Reserve remained closed for an entire week and Americans had no access to their savings they called it a bank holiday it's a holiday the treasury considered issuing large amounts of government script which is ious as an emergency substitute for cash they even printed 10 million dollars worth but treasury secretary William wooden decided against it where would we be wooden said if we had ious script and certificates floating all around the

country instead he decided to issue currency against the assets of the banks the Federal Reserve Act lets us print all we'll need and it won't frighten the people it won't look like stage money it'll be money that looks like real money now these are notated and in the book this goes back uh this there are three notations in this little section of this chapter so wherever you see this in quotes this actually comes from an article on the Boston Federal reserve's website so uh uh This is highly accurate

anyway the banks reopened but on April 5th Roosevelt signed executive orders 6102 outlying Americans right to private ownership of gold and forbidding the hoarding of gold coin bullion and gold certificates within the continental United States I always found the use of language entertaining according to the banks and the government if you hoard their currency you're a prudent saver but if you save gold you're a nasty hoarder again the paper currency was nothing but an IOU a claim check on Real Money

payable to the bearer on demand the paper currency was not and is not money it was only a promise a promise that was broken but one thing this story proves is that it's surprisingly easy to pull the world over the Public's eyes all you have to do is take a piece of paper print a bunch of fancy Scrolls and intricate curly cues on it and then make it look really official by adding a picture of a very well respected dead guy do that and you'll get anyone to swallow anything hook line and sinker so uh that is what

happened in 1933 the Federal Reserve Act did not uh confiscate gold from the American people it was Roosevelt outlawing private ownership of gold and they nationalized it they didn't confiscate it I want to thank you for watching we'll see you next time 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