Greenspan Telegraphs Gold Confiscation

Alan Greenspan recently threw up his hands and proclaimed: America should return to a Gold Standard.

Former Federal Reserve Chairman Alan Greenspan was just a guest on Bloomberg news and recommended that the U.S. return to a gold standard! He then said, “if people call me a gold bug, they should ask themselves why do central banks own gold now?!”

I believe this a warning message for those owning gold: The banksters are going to call-in their gold.

Zionist banksters believe the world’s gold belongs to God and they believe they are God’s bankers.

“From the moment when we shall have made ourselves sole possessors of all the gold of the world, the real power will pass into our hands, and then shall be accomplished the promises made to Abraham.” see this article

During the period of the “Grand American Looting”, beginning in earnest after 1933, and going vertical when the external gold standard was ended in 1971, banksters loaned much of their hoarded and treasured gold to financial institutions, commodities exchange houses, governments and the people.

Gold ownership, illegal in the USA since 1933, was made legal again in 1974 and Americans could begin to buy and keep gold as a form of asset protection and financial security.

This official action of a lending or leasing their gold to all comers was done in necessary support of gold price suppression created to maintain the purchasing power of the declining debt based currency called the dollar.

I believe Gold has been stolen from American depositories to make available gold, in sufficient quantities, to support long term and illegal government directed gold price suppression. This outstanding world resource confiscation, clandestine banking cartel masterminded and Western governments and intelligence agencies implemented, price suppression scam has been well document by GATA, the Gold Anti Trust Association. See GATA’s introductory article here

Now Greenspan, calling for a gold standard, knows very well the US likely has very little or NO Gold Reserves at all.

Fort Knox and other depositories are likely empty; so to create a new gold standard, which is not the best idea if the new currency is going to be created at interest, the government will have to begin with gold confiscation, starting first with large institutional investment funds including retirement funds, Open End Gold Bullion Funds, Mixed Asset Funds, gold investment vehicles like GLD, hedge funds, large State CAFR holdings and others.

The Federal Government will confiscate fund owners gold and hand back long-term Paper Treasury Bonds (worthless IOUs.)

This scheme is not new and has happened before when the Government depleted American gold supplies leading to default and a bankruptcy declaration in 1933.

After the bankruptcy, the USG made it illegal to own gold in the US and required Americans to turn in their gold.

Gold ownership by Americans was not legal until 1974 (excepting small quantities of gold coins and collectables.)

It was an FDR executive order (which is not binding on citizens of the many States of America and therefore unlawful ) that was used to confiscate the gold.

From wikipedia :

” Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (consumer price index, adjusted value of $378 today[4]) per troy ounce. Under the Trading With the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $182,802 today[4]) or up to ten years in prison, or both.”

Gold is a coveted and important asset and financial resource for the bankers who rule the world by proxy. Gold backed currencies, which seemingly, in the beginning, stabilize the growth of money supplies, and act as a store of wealth, are also a tool of financial plunder. Note: Wealth Creation and Growth are better served by when currency is used, “taking the form of valueless vouchers representing purchasing power. The value of the vouchers is derived from an agreement among holders to exchange vouchers for things of value. Remembering a market is about products and services and not about the currency used to exchange these goods, it should be easily understandable vouchers represent products un-purchased.”1

Valueless vouchers can be used to purchase gold and silver and other metals as a form of asset protection.

Here is an excerpt from my article regarding the problems of a gold standard, 1913-2013, 100 Years of Darkness: Bitcoin Breaks the Bank

Loaning currency backed by gold (or other metal) at compound interest will result in problems over time, because gold is streamed to bankers in the form of interest. Loans of gold requiring compound interest payments mean more gold must be paid to the bankers than originally lent. Eventually market destabilizing quantities of gold will end up in the hands of lenders leading to rising interest rates. Gold will be transferred to the very same people having gold to lend in the first place, and eventually all the wealth of the market will be transferred to the bankers. This fact is historically validated and seems to be the theme of the 1901 printing of L. Frank Baums The Great and Powerful Wizard of Oz.

To make matters worse, since gold and silver and other metals are globally acceptable currencies, these metals may eventually migrate offshore, leaving Americans in the same positions as the Founding Fathers during the years before the American Revolution. All money of value was streamed to England, leaving very little money for operations in the Colonies.

Therefore, the problem with using commodities with intrinsic value is, schemes will emerge to transfer those commodities to stronger hands, leaving the currency market lacking of supply. Interest rates will remain high and those with commodities to loan will control the nature of the market. These problems are mitigated somewhat if multiple metal currencies are accepted facilitating competition of interest rates.

There are many who clamor for a gold standard who have never lived in a period when the gold standard was starting to stall out – causing rising interest rates and money supply shortages.

There is no system of currency or money vouchers, which can long withstand the devastating effects of usury; the tsunami of interest payments required from those enslaved by a debt based money/currency system.

Full article with links here : http://thegovernmentrag.com/greenspan-telegraphs-gold-confiscation.html#.V3WIC3uEBXi