I guess when you take billions and billions of dollars in annually distributed payments from a handful of shareholders there exists some powerful motivations for a homicide. Is the Federal Reserve complicit in the Kennedy Assassination? Who could say, but, interestingly enough, Marina Oswald (Lee Harvey Oswald’s widow), during an interview in the mid-1990s had this to say, “The answer to the Kennedy assassination is with the Federal Reserve Bank. Don’t underestimate that. It’s wrong to blame it on [CIA official James] Angleton and the CIA per se only. This is only one finger of the same hand. The people who supply the money are above the CIA.”
There are many would be saviors of the American people. The problem is we have a track record of not heeding their various warnings and predictions. One of the most prominent warnings came from Thomas Jefferson in 1802, when he said, “If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all of their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Sadly, Jefferson was quite correct. As of today less than one-percent of the American population can state, “I own my own home.”
Another great warning we received was this: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process.” Do you know who made that famous quote? It was former Federal Reserve Chairman, Alan Greenspan. That’s correct. Prior to his appointment as the Chairman, he warned us of his future employers and their hidden scheme.
Let’s take a moment and look at just how bad things are in America, economically speaking. If you recall, earlier I said we’d have more on the national debt? Well, here comes all you wanted. The national debt as of today, September 21, 2009, is a whopping $11,811,086,447,487.95!!! That is: eleven trillion, eight hundred, eleven billion, and some change. This is an amount that we, as a nation, cannot ever repay. Effectively, America is bankrupt.
So, now what?
If you find yourself falling into the category of folks who’ve had enough, but, don’t quite know what to do about it, there are several options available to you. People who know me will tell you that I certainly feel the best solution—which we as individual citizens can employ in the protection of our wealth and freedom—is to place a portion of that wealth into physical possession gold. That is gold that you obtain physically and keep at home.
Why gold? The reasons here are numerous, but, in the interest of saving a few trees and some time, we’ll cover the main ones. Gold has been used as the world’s money for over five thousand years and it is still considered to be money today. Although there are several countries in the world that will not accept your fiat Federal Reserve Notes today in exchange for goods and services, there is not one single example that I am aware of that would not readily accept your gold in exchange for a good or service.
Gold stands the test of time. It knows no borders and owes no favors. An ounce of gold will buy you the same things today as it has at most anytime throughout the last several thousand years. In example, it has been said that a one-ounce gold coin will buy a good quality men’s suit of clothing at just about any time in history. This is not just another anecdote from some old forgotten gold bug. I first read this in a book called, “The Triumph of Gold” by Dr. Franz Pick. It is the true story of a man who grew up through the era of the Weimer Republic of Germany. The government tried to spend its way out of a depression. It printed money like there was no tomorrow. Sound familiar?
It turns out there really wasn’t a tomorrow. The hyperinflation that ensued collapsed the currency. In just over four years, an ounce of silver went from twelve Marks to over five hundred million Marks. Gold went from one hundred seventy Marks to over eighty-seven billion! Now that’s what I call hyper inflating your currency out of existence. Dr. Pick’s father kept the family alive by using links from a gold chain to buy food when people would no longer accept the Marks in payment for goods or services.
Are we headed for hyperinflation? This is a good question, and the quick answer is probably. In fact, unless we make some major changes and make them quickly, it will be inevitable. Essentially, when the Federal Reserve creates more dollar bills from nothing, they weaken the existing pool even further; and, with the latest round of “stimulus,” the Federal Reserve has just created trillions of dollars from thin air. The dollar has already lost more than ninety percent of its original buying power.
Like all of you, outside of my research, I only have my own life experience to draw upon. I am now in my late forties. When I was a kid, candy bars were a nickel. That means that with a paper one dollar bill, I could afford twenty chocolate bars. Today, with a paper one dollar bill, I can only afford one candy bar. This means that either chocolate has become a very rare commodity over my lifetime or the dollar is getting weaker. I think we can all agree on which one it is. Unfortunately, this affects not only the price of chocolate, but, this also affects everything else as well because it takes more of our weakened dollars to buy anything.
As I grow closer to retirement myself, I wonder how things are looking for those retiring now or in the near future. The answer is: not so good. The Social Security Administration has recently announced that it will be heading into deficit territory for the years 2010 and 2011, and it will be effectively insolvent by the year 2016. At the same time, the Social Security Administration announced that applications for retirement benefits are up twenty-three percent over last year along with a twenty-percent increase for disability benefits. For my money, I’m going to take a page from Mr. Greenspan’s playbook and let gold stand in the way of this insidious process and you can too.
I recommend owning privately held gold and silver coins, and, I recommend that you get moving on it. Since this decade began, gold has risen well over three-hundred percent, and, it is my opinion, that it is only the proverbial “tip of the iceberg.”
For more information on how to protect yourself through owning gold and silver, contact me personally at Colonial Resources, Inc., 1-952-960-2231.
