History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.
Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare state via the inflation tax. This forces politicians to finance big government much more with direct means of taxation.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Despite the hostility toward gold from modern politicians, gold played a role in US monetary policy for sixty years after the creation of the Federal Reserve. Then, in 1971, as concerns over the US government’s increasing deficits led many foreign governments to convert their holdings of US dollars to gold, President Nixon closed the gold window, creating America’s first purely fiat currency.
America’s 46-year experiment in fiat currency has gone exactly as followers of the Austrian school predicted: a continuing decline in the dollar’s purchasing power accompanied by a decline in the standard of living of middle- and working-class Americans, a series of Federal Reserve-created booms followed by increasingly severe busts, and an explosive growth in government spending. Federal Reserve policies are also behind much of the increase in income inequality.
Since the 2008 Fed-created economic meltdown, more Americans have become aware of the Federal Reserve’s responsibility for America’s economic problems. This growing anti-Fed sentiment is one of the key factors behind the liberty movement’s growth and represents the most serious challenge to the Fed’s legitimacy in its history. This movement has made “Audit the Fed” into a major national issue that is now closer than ever to being signed into law.
Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.
HB 2014 is a very important and timely piece of legislation. The Federal Reserve’s failure to reignite the economy with record-low interest rates since the last crash is a sign that we may soon see the dollar’s collapse. It is therefore imperative that the law protect people’s right to use alternatives to what may soon be virtually worthless Federal Reserve notes.
Passage of HB 2014 would also send a message to Congress and the Trump administration that the anti-Fed movement is growing in influence. Thus, passage of this bill will not just strengthen movements in other states to pass similar legislation; it will also help build support for the Audit the Fed bill and legislation repealing federal legal tender laws.
This Wednesday I will be in Arizona to help rally support for HB 2014, speaking on behalf of the bill before the Arizona Senate Finance Committee at 9:00 a.m. I will also be speaking at a rally at noon at the Arizona state capitol. I hope every supporter of sound money in the Phoenix area joins me to show their support for ending the Fed’s money monopoly.
I used to be a big supporter of auditing the Fed, but I’ve come to realize it will probably be meaningless in impact.
The average person is not going to care about it since the average person wouldn’t be able to understand the result anymore than the average person examines and understands the four major financial statements of the companies they own stock in and is able to do a valid financial analysis of those companies based on them (or probably even be aware they are available for public viewing).
So exactly what would be expected to come from an audit at this level that probably wouldn’t be actually read by anyone other than major economists and probably not fully understood by most of them?
But, screw it, let’s do it and let the entire movement fade into the obscurity of the passing time so the issue is at rest and no one cares about it anymore.
An audit is necessary and “Accountability” must be returned, under the rule of Law. The criminal bankers have counterfeit 1200 Trillion in phony Securities, that are predicated upon bogus insurance swaps (derivatives). Those derivatives hinge upon “Naked, Short Sale Bets” that are, in turn, based upon phony claims to “title”, on RMBS. Article one, Section eight, provides “punishment” for “counterfeiting” “Securities”. The banks must be investigated and prosecuted.
Do you actually expect that to happen from an audit?
Exactly how, why and by what process would it?
Would the average American even know how to read and analyze it, much less do anything about it? Would you?
Agreed. Most people are math illiterate, if they weren’t would we even be in this bubble of everything? No. Audit will do nothing, as most people don’t even understand how the Fed works. The media pundits sure as hell won’t explain it either.
The Gold standard has it’s problems too. For example, what difference would it make to have a Gold standard, or Silver standard for that matter when all that would happen is you shift the power of money creation from the Government to the Gold / Silver miners? OPEC for money anyone?
Maybe the best is to have a free market for currency, and then have currency exchange businesses. Hey, maybe the banks can do something useful for a change besides just shuffle paper? Imagine, you want to make a purchase. You choose to store your wealth in bitcoin, but the vendor of what you wish to buy stores theirs in dollars, or gold or maybe beans. You would go down to the bank and exchange just the amount of your stored wealth that you need to make the payment. Some people would come out ahead because they, on that day, get more dollars for their bitcoin, or maybe not. Either way it is the ultimate in capitalism. You would even have money “entrepreneurs” that invent new ways to store your wealth. The point being, it is up TO YOU how you choose to store your value, not some government asshat or bankster with campaign influence. Of course this would also make it very difficult for the Government to tax your wealth. Just another benefit I suppose, and the main reason we will NEVER have that in our lifetime.
Any “new” money paradigm, without first investigating and prosecuting the counterfeit theft of 1200 Trillion in phony “Securities”, is placing the horse before the cart.
Mikey, the horse is supposed to go before the cart.
I can’t imagine it would take anymore than simply eliminating the legal tender laws. It’s whereby the banksters keep us chained to their wicked system. Eliminate them and let the market take over. I imagine there will emerge currencies backed by precious metals but also, perhaps, land, art masterpieces and other tangible assets. Will it be messy for a while? Will some saps get took by charlatans? Yes. But the major financial disease of our lifetimes will be strangled to death or forced to play by the same rules we all do.
I espouse taking the criminals, at their word. Presently, they are claiming 1200 Trillion as “Assets” on phony books. 1200 Trillion- 20 X the combined Gross of every country, on the planet- good grief. Anyway, We The People must weaponize their deceit, by “monetizing” their phony claims; thereafter: “New Currency” issues of “Greenbacks”, as pro-rated against bank seizures, asset forfeitures, etc. The beauty of the plan is the system stays in place and the interlopers are stripped, shown the door and “Accountability” is returned, across-the-board.
Presently, this week, in fact, a banking and political Corruption, that encompasses Treason, will be decided and is being argued, while on appeal, in Manhattan.
The Moore Family, of Philadelphia first exposed the origins of Treasonous Political and Banking behaviors that may be traced, directly, to the battlefield deaths of American and British Soldiers.
I wrote the following post in the Fall and it describes the corrupt, political and banking malefactors, at least, insofar as this particular case demonstrates- It should also be noted: every single bank has laundered terror and drug cartel money for sanctioned entities of the US and Britain.
My original post is, as follows:
We The People “own” the government. We The People, “own” the present failures of the government to investigate, prosecute and jail, our Oppressors- the banks.
Presently, the banks have everyone conned in the belief, “Government is the problem”… It isn’t…
The banks and corrupted politicians, owned by the banks are the problem.
At this point, does anyone need any explanation, the banks are wholly-Insolvent, criminal and impossibly-corrupt-beyond-belief?
TBTF traces its roots to the English-based, imposter, parasite and criminal cartel, presently athwart the financial well-being of the US.
https://livinglies.wordpress.com/2016/07/15/david-dayen-eric-holders-longtime-excuse-for-not-prosecuting-banks-just-crashed-and-burned/
The former English Finance Minister, George Osborne, appears to have compelled Treason and Comey, Lynch, Breuer and Holder, appear to have all, willingly complied.
The plea bargain, described as a “Deferred Prosecution Agreement”, or, “DPA”, was booked in September 2012 and the criminal behaviors were signed, in December 2012.
The Moore Family of Philadelphia first exposed the DPA:
http://www.wsj.com/articles/how-a-pennsylvania-couple-may-force-hsbc-to-release-secret-report-1456774966
Federal Judge Gleeson wrote the following analysis:
You may read the court document here:
Case 1:12-cr-00763-JG Document 23 Filed 07/01/13
The violations occurred in Brooklyn. Loretta Lynch signed for Brooklyn as Prosecutor on Dec 2012.
Lanny Breuer signed for Eric Holder as Assistant AG on Dec 2012.
So… Holder, Breuer and Lynch all know and 3 months after they conspired through the DPA to conceal their plea bargain, James Comey was placed on the Executive Board of the English – Chinese hybrid, HSBC- “Hong Kong Shanghai Banking Corporation”.
The Bankers’ endgame?: They have counterfeit a claim of 1200 Trillion, listed, on their books, as “Assets”- 1200 trillion is 20 X the combined GDP of every country, on the planet…
In other words, The criminals are claiming the “Gross” proceeds of the next 20 years, of every country on the planet as “their Assets”. It is beyond absurd; beyond criminal.
http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18
Our Oppressors have destroyed themselves: The criminal banks owe more than they can ever, possibly demonstrate as realistic “Assets”.
The 1200 trillion are predicated upon collecting insurance frauds (derivatives) levied against homes, presently in fraudclosures, with the balance of US Homes to be added, after the “Brexit”.
Anyone, with half a brain, ought to be asking: “How, in this world, or, any other, has the English Pound managed to survive (although diminished), while every other currency on the planet is now, marked, for destruction”?
I mean… correct me if I’m wrong, but didn’t the English attack this country, twice? And haven’t the Americans forgiven any number of their debts?
“WHY? IN THE WORLD, ARE THE AMERICAN PEOPLE TOLERATING ENGLISH INTERFERENCE, IN OUR FINANCIAL SYSTEM, FOR ANY REASON, WHATEVER”?
The REMICs are hopelessly fraudulent and devoid of “Assets”, hence a fraud, on their face; while now, better-described as, “REMIFs- Real Estate Monopolized Insurance Frauds”. The Pooling and Servicing Agreements-PSAs”, to these frauds are also complete fraud, while installed, merely to keep “honor”, among thieves.
In the meantime, since Comey first fashioned the template for Treason, in 2005, under George Bush…
http://thepoliticsforums.com/threads/70200-James-Comey-money-launderer
… The original template for Treason has been resurrected, under the Obama “DOJ?”, (see Federal Judge Gleeson’s analysis, above).
Treason?: Since 2005 and any number of failures to hold criminals to account for laundering Terror and drug cartel money, some 1384 American and British Soldiers have been murdered, by IEDS and EFPs, in Afghanistan, alone:
It is no secret Iranian “Quds Forces” have been instructing the indigenous populations of Iraq and Afghanistan in the use of IEDs and EFPs and the cost to Coalition Forces, in Afghanistan, alone, through the use of these weapons is over 1384 fatalities.
Filter Deaths By Year
View Fatality Details
http://icasualties.org/oef/
In Federal Judge Gleeson’s analysis, above, a number of “sanctioned entities”, among them, Iran, are listed in violation of: “Trading With The Enemy Act”, all AMLs- “Anti-Money-Laundering Acts”, the “International Emergency Economic Powers Act” and BSA- “Bank Secrecy Act”.
It seems likely, the Iraq LIE …
(see:
https://www.nytimes.com/2016/07/07/world/europe/chilcot-report.html?_r=0),
fashioned by Tony Blair and George Bush, was used to undermine the “Euro”, because, prior to the Iraq LIE, Iran was threatening a “Bourse”, for their oil.
http://www.telegraph.co.uk/finance/commodities/9077600/Iran-presses-ahead-with-dollar-attack.html
In other words, Iran was threatening to sell their oil to any country willing to use other than the wholly-fraudulent, US Dollars, operating in service to the intentionally-mislabeled, “Federal Reserve- neither federal, nor, possessing ANY reserves, whatsoever”, (see, The Web of Debt, Dr. Ellen Brown).
1200 Trillion of Insurance Frauds (derivatives), predicated upon fraudclosures, as “Naked Short Sale Bets”, has been described, above, as a criminal, cyclonic-whirly-gig, that is destined to the fate of Icarus, once the wax seals melt, the feathers are plucked and the whole, criminal obscenity comes crashing back to earth.
Our government and “Law Enforcement”?, now fund the murder of American and British Soldiers, in order to legitimize a wholly-fraudulent, English-based, criminal, wholly-“Insolvent”, parasite and fraudulent, central banking cartel.
The “proxy” to drive and reinvigorate endless war, was decided through “Operation Ajax”, in 1953. After all, why pursue further proxy entanglements with Vladimir Putin (VP? Putin), when endless war among proxy Islam, offers … so … much … more?
Acting as whores, for the British Oilmen, elements of the American CIA, kidnapped and forcibly removed, a Democratically-Elected, President of the Iranian People, “Mossadeq”.
CIA finally admits it masterminded Iran’s 1953 coup — RT America
http://www.rt.com/usa/iran-coup-cia-operation-647
On the 60th anniversary of the 1953 military coup in Iran that overthrew the government of radical nationalist Mohammad Mossadegh, … Operation Ajax ’ that brought …
The Secret CIA History of the Iran Coup, 1953
nsarchive.gwu.edu/NSAEBB/NSAEBB28
Washington, D.C., November 29, 2000 – The CIA history of operation TPAJAX excerpted below was first disclosed by James Risen of The New York Times in its editions …
Operation Ajax: CIA, Muhammad Mossadeq, and the Shah of Iran
http://www.myteacherpages.com/webpages/SStein/files/cold war…
United States V Truman Operation Ajax Operation Ajax: CIA, Muhammad Mossadeq, and the Shah of Iran Operation Ajax, in short, was when the CIA overthrew Muhammad …
Thereafter, the US installed Shah Pahlavi, a degenerate and murderer of the highest order and the US Government GAVE HIM A NUCLEAR REACTOR.
http://www.npr.org/sections/parallels/2015/09/18/440567960/born-in-the-u-s-a-how-america-created-irans-nuclear-program
The recent, phony, DNC-scripted, Criminal-Clinton, RUSSIAN HOGWASH, as “cyber war”, would do better to describe the Russians as victims and unintended recipients of the “Stux-Net Virus”, unilaterally unleashed upon the world by “Our Ally”?, in-and-around the time, American Senators invited the head Goon, NetanYaHoooo!, to defy American Solidarity, while Israel intentionally outed “Stux-Net”, in order to embroil the US in a shooting war, with Iran.
Rent Alex Gibney’s excellent: “Zero Days”.
THE RUSSIANS NEVER WROTE THE EMAILS. THE CORRUPT DNC, CLINTON AND THE POLITICIANS, DID…
Edward Snowden revealed it the intention of Clinton and Obama to hang a Marine Corps, 4-star, even as they fashioned the noose of his doom, by imposing their behavior, upon him. After Mr. Snowden, that wholly-jaundiced, choice was removed.
The answer is to “weaponize” the phony banking debts, by “monetizing” the phony, banker debts. The 1200 Trillion is presently, listed as “Assets” on the phony Bankers’ books.
It is absurd. The ehem, “Dollars”, are counterfeit.
Article 1, Section 8, makes zero allowance, “We The People”, must pay the criminal debts of a criminal parasite and imposter: the English-based, criminal, central banking cartel.
Article 1, Section 8, does, “… provide for the punishment of counterfeiting the securities and current coin of the United States;… “.
At the risk of repeating myself: 1200 Trillion owed to any number of frauds created to counterfeit phony, criminal, interests in US “Securities”, strips the banks and their corrupt political pals of any protections, whatsoever.
The MBS- “Mortgage-Backed Securities”, are wholly-fraudulent.
Investigate, prosecute and jail, these criminal Filth.
~Michael Keane 1/15/17
I offer the following as a “post-script”, of sorts:
The US Mob and the Russian Mob are presently, attempting to shake hands, to the exclusion of the DC Corruption Crowd and English-based, Criminal Central Banking Mob (intentionally-mislabeled, “Federal Reserve- neither federal, nor possessing ANY reserves”; “IMF”; “World Bank”)… and the Criminals are not happy… at all.
Most Americans are unaware the US was sold into a “Corporate Indenture” to the City of London, once Lincoln, as obstacle (Greenback Dollars), was removed. The rest of the world has begun to awaken to this Fraud, while the US seems largely preoccupied with arguing over which political party is less corrupt.
~ Michael Keane 3/5/17
Yeah, Mikey, you already posted that to another thread yesterday.
“The 1200 trillion are predicated upon collecting insurance frauds (derivatives) levied against homes, presently in fraudclosures, with the balance of US Homes to be added, after the “Brexit”.
This is a very interesting idea Michael, and when you say, “with the balance of US homes to be added, later,” I am assuming this means at a predetermined date the rest of the US homes will be added.
As I understand, (derivatives) are basically bets on the projected value of almost anything, in this case home foreclosures, and the bet is that it will happen by a certain date.
So if the FED collapses the economy by that date, and forces the remaining US homes into foreclosure, wouldn’t it be possible to prove conspiracy, and collusion, on top of counterfeiting the securities?
It’s always nice when we can pile a few extra crimes on the backs of criminal parasites that desperately deserve it…
_____________________________________________________________________________