Sunday, 21 June 2015

Dollar versus gold: Which is true wealth?

Everybody wants it the world over. We live and die for it. Our forefathers trusted it as we do. It is like a universal religion. It symbolizes wealth and prestige.

But it is a figment of the imagination — it is a fake, a phony and a myth created by the silent rulers of the world. It’s the biggest lie never told!

What is it? It’s the U.S. dollar. And its modern alchemist is the United States Federal Reserve — a private money cartel.

It creates wealth for some and steals wealth from the masses. Everybody feels good when they think about it and when they believe that they have it.

Politicians and government bureaucrats lie, cheat and steal for it. World wars are fought and millions die for it.

Men, women and children jealously possess it. Millions deny themselves for it and millions hoard it. They believe in their hearts that it is the “real thing.” It is true love in the natural world but condemned in the spiritual world. It brings tribulation to men’s souls.

It was created in the minds of ancient alchemists to turn sand into gold. It has fooled wise men and fools alike for hundreds of years. It is a promise of nothing, a mental fiction.

Men trust it as a store of wealth and the passing of inheritances. Its secret has been revealed by esoteric sages, but it has such narcotic soothing that it blinds the mind and causes euphoric false confidence.

It has the madness and insanity of love. It rules reason, doubt and faith. It symbolizes comfort, material wealth and security.

Modern tyrants only need to print money and call it democracy to rule the world and men’s thoughts. From the modern bankster dictionary the words “deficits,” “budgets” and “national debt” are all euphemisms to camouflage the illegitimate system as legitimate accounting. The words are powerful and set in the national psyche. They are key words to hide the printing of money and the constant and ever growing transfer of wealth to the inner elite and their loyal supporters.

The widespread presumption is that the highly advertised Federal Reserve printing of money has been to bail out a sinking economy. The truth is that the volume of money is in direct relation to the amount of theft of what’s left of America. It is total war against the American people. It is psychological economic warfare with the intent to cover the massive transfer of wealth. Modern money (dollars/credit) confiscates wealth!

Dollar diplomacy requires a triangle of power — the printing press, the military and the IRS.

What are the insiders doing with their phony money? They are exchanging it for gold, proving that their alchemy does work.

Texas has asked for theirs back. So have Germany and the Netherlands. China is hoarding it. So are India, the Netherlands, Japan, Switzerland, Russia, France, Italy and Germany. From the World Gold Council’s Gold Demand Trends Q1 2015 report, “Central banks and other official institutions continued their buying momentum… The primary driver of this accumulation of gold reserves continues to be diversification. Many central banks remain exposed to a small number of key reserve currencies and look to gold as a hedge against volatile currency movements.
“Russia’s appetite for gold remains healthy. After a relatively quiet January and February, it re-entered the market with vigour (sic) in March. Net purchases over the quarter came to just over 30t, bringing total gold reserves to almost 1,240t. The supporting cast of other central banks who also reported gold purchases throughout the quarter were also familiar names: Kazakhstan (6.6t), Belarus (2.1t), Malaysia (1.2t) and Mauritius.”

They tell you not to buy gold; that it’s worthless. Yet they scarf it up. What do they know that you don’t?

Many tens of thousands of people who have their trust in the government system (U.S. currency) are headed dead ahead into impoverishment.

Why do we say this? The answer is because financial (U.S. dollar) assets are in a slow motion crash. A financial asset is any paper asset such as CDs, bank accounts,
U.S. government bonds, etc. While we sleep, we are losing our savings. The U.S. stock market is in a QE-driven bubble that will soon burst.

Inflation or deflation are both forms of wealth destruction and impoverishment. Now think about this: The U.S. government has an official and stated policy of currency destruction through inflation. This is voluntary destruction of the currency. If instead we have deflation because of the collapse of debt, we still have currency destruction. Either way, wisdom dictates, get out of dollar assets ASAP!

Besides, the U.S. dollar and U.S. financial assets pay almost no interest; certainly not enough for the risk.

The Federal Reserve’s Janet Yellen just signaled officially what we all know to be true. No interest rate hike from the Fed because the economy is in the crapper. No interest means bank savings will continue to trail inflation. Money in the bank is a losing proposition.

Worse, it’s now official U.S. and world bank policy to take your money in the event of another collapse as we saw in 2008. They call it a “bail in.” That is a code word for “what’s yours is theirs.”

The Grecians – the more discerning of them at least — are getting their money out while they can.

“People are very concerned,” said the owner of a small company who asked not to be named. “I think those who could, have already transferred some money abroad. And lots of others have taken out a few thousand, enough to see them through any immediate crisis. I have.”

Sofia, who runs a boutique in one of Athens’ wealthier suburbs, said she and her husband had €15,000 in a safe in the garage, “just to be sure we’re not caught out.”

Elsewhere, an anonymous car concessionaire confessed to “getting into gold a little bit. Not much. But it’s safe, isn’t it? That’s what they say.”

About 2 billion euros had been withdrawn from Greek banks over the course of three days last week. That brings the total withdrawn to more than 30 billion euros since October.

Still others, far too many, actually, remain trapped in conventional wisdom. “I’m worried, sure, for my job, my kids, my future. But not about my money at the bank, said Nancy Parlakidi outside the Alpha Bank on Stadiou Street. “That’s the least of my worries right now. The bank’s the safest place for it.”

But as I write this, barring a last minute deal, Greek banks may not open today. And the banks are talking about imposing capital controls, stopping or limiting withdrawals and curbing transfers overseas.

The bank’s the safest place for it? Just ask the Cypriots how that worked out for them.

Real money, real wealth and long-term value is gold. Who will be the last to find out and only after they are cheated out? The people!

Note from the Editor: America is on the brink of the biggest money grab in history! With $21 trillion in cumulative personal savings, Washington politicians think your hard-earned private retirement account is the answer to fixing the economy. They’re calling it a “Bail-in,” and it’s already spreading like wildfire. Click here to claim an urgent FREE report that shows you how to tell scheming politicians, “HANDS OFF MY MONEY!”

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