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The Grand Gold Scam
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Sheriff
Admin
3714 posts
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 posted 4/17/2008 2:55:39 PM
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This is an interesting story that I gotta tell, because we live in interesting times when nobody understands What is Money and What is Gold, and why it is all here.
So, the story goes like this. When US Congress needs more money, they ask US Treasury to issue Bonds. Bonds are papers that, besides their face value, have an interest attached to it, and a maturity date. For instance, a government may issue a $100 bond with 6% interest that matures in 1 year, i.e. they promise to pay $106 dollars at that point.
Stay with me, it is easy.
Now, a cartel of private bankers called Federal Reserve buys these bonds with U.S. Dollars. These dollars are created from thin air, they are not even printed (well, sometimes), but basically it is extra money the Fed bandits feeds into a system.
In 1913 a banking cartel was formed by private bankers and backed by US government with an authority to print money (i.e. US Dolldars). What followed is serious credit crisis, followed by what we know now as The Great Depression.
In 1933 a newly elected president, Roosevelt, needed to save U.S. dollar with a drastic measure. To accomplish this, he ordered a confiscation of all GOLD at a market price of around $21. After confiscation, he basically devalued U.S. dollar, i.e. established a price of 1 ounce of gold at $35. Soon after that contractual obligations on U.S. bonds were nullified by U.S. supreme court, so the Government didn't owe anything!
All seized gold ended up in the vaults of the Federal Reserve private bankers, or in the vaults of the International Monetary Fund (same private bankers).a
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Sheriff
Admin
3714 posts
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posted 4/17/2008 3:00:19 PM
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Now, stay with me a little longer, this gets interesting now.
During this grand Schema a total of $11 Billion dollars was exchanged for 261 million ounces of gold. The Federal Reserve basically took all this gold and paid with paper created out of thin air.
NOW THIS IS WHAT I CALL A GRAND SCAM OF GRAND SCAMS.
I am almost done, here comes my newly formed suspicion. It is my suspicion that US "Federal" "Reserve" together with IMF and international bankers are planning the same Scam again. The gold is leaking from their vaults day by day. At certain point all they need to do is repeat the Roosevelt Confiscation, and all this gold will come back to them.
And that, my friends, will be called the Greatest move that will save America.
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Serega13
Moderator
1177 posts
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posted 4/17/2008 3:02:45 PM
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No big deal, buy gold coins, there's an IRS rule that says coins that are worth it's value in gold plus at least 15% based on it's collectible value are treated as collectibles and not gold bullion. Oh and that may or may not apply to Swiss Helvetia coins 
And some gold coins are worth 1000 times their weight in gold.
[Message edited by Serega13 on 4/17/2008 3:03:53 PM]
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Àêàêèé
2175 posts
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posted 4/17/2008 3:52:18 PM
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how the hell do they confiscate shet? so they come to yo house and search???
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Sheriff
Admin
3714 posts
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posted 4/17/2008 5:35:46 PM
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just like they know about your income - it is all tied to Social Security Number. If you buy gold in places where you have to give out your SSN - that's how they will know. They will just mail out paper notice that you have to bring your gold to such and such location by this date, or face jail.
They don't even have to confiscate everything, just most and easiest to grab.
[Message edited by Sheriff on 4/17/2008 5:36:14 PM]
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Àêàêèé
2175 posts
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posted 4/17/2008 7:18:18 PM
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if it were like that i'd say it was lost or i got robbed, so F.U. and I'm gonna fking deduct this from my income, and u own me tax back!
i guess the disadvantage to keep gold is that you can loose it to some robbery or fire or something.
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Serega13
Moderator
1177 posts
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posted 5/1/2008 3:21:39 PM
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Gold is temporarily down to 850 an ounce, good time to buy I think. It will be back @ 1000 very soon. 
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