Photo with 1 note
GOLD - Guess who’s in control… hint: it’s not “we the people.”
Since the economy tanked, there has been a crazy push to buy or invest in gold. Millions of people jumped on the bandwagon and simple economics dictates that as demand goes up for a product that exists in finite quantities, so does the price of said product. So, we watched as the price of gold rose from $650 an ounce in June of 2007 to over $1900 an ounce in September of 2011.
Everything was fine, because the wealthiest, including Wall Street and the Federal Reserve already had their wealth and if they invested in gold, it was long before this spike in price. BUT, the red flags began to pop up when state governments began considering moving back to a gold-backed currency. At the beginning of April, I saw a couple different stories on this topic, including this one from Bloomberg. When this happens, then the value of the Federal Reserve’s fiat currency begins to truly be threatened, and those who wield the power, know something must be done.
Time for devaluation. Today saw a significant drop in gold prices, but also in silver prices too. This is how the privately held Federal Reserve Bank and Wall Street keep the value of the dollar afloat, despite it’s complete lack of any real value whatsoever.
The Paradigm: Post #1111
JFK Executive Order 11110 - Removing power from the Federal Reserve Bank and returning said power to the Treasury of the United States in the form of silver certificates, backed by silver bullion.
Consumer debt and its composition, from 1999 to present. Last quarter it climbed after nine consecutive quarters of decline. The Huffington Post reports.
Now at over $12 trillion in total consumer debt in the U.S. That’s a hole that just gets deeper. How will the average U.S. citizen get out of debt? They probably won’t.
I want to say how amazing it is to have a community like tumblr so that I can share ideas, thoughts, nerdisms and other creative expressions.
A HUGE THANKS to my followers, you guys are sofa king cool. I love being able to connect through mutual interests and I’m thankful to be following so many others that inspire me and that I can learn so much from!
With all that said, I started this tumblr, The Paradigm, with the intention of expressing my thoughts and ideas on how I can, and possibly you all can, help shape our world into a more effective, logical and peaceful place.
Along the way, I decided that I couldn’t always be focused on the problems, and decided to make my posts a mix of both creative and fun stuff, but also interjecting some thought-provoking topics for those who wish to learn more and rethink the norms of the world we live in. I think it’s been pretty cool.
But, as I’m am still very passionate about my initial motivation for beginning this blog, I want to make a comment about the photo of the $1,000 gold certificate above. You see, back when the United States still had some control of its currency and monetary system, before the private Federal Reserve Bank took complete control, the U.S. Treasury actually held gold and silver reserves and if you had a gold or silver certificate, you could exchange them for actual silver or gold. The front of the certificate reads;
“This is to certify that there is on deposit in the treasury of The United States of America, one thousand dollars in gold, payable to the bearer on demand as authorized by law.”
You see, the piece of paper held value because it represented an equal amount of gold that was held by the treasury. Makes sense, doesn’t it?
Today, the current paper currency we use has no value as it isn’t backed by any tangible precious metals or goods. Federal Reserve notes are a fiat currency and for all practical purposes are worthless.
My advice to all is simple:
Thanks again to all. Looking forward to the next 1000 posts!
What a farce.
The Monetary System
Get rid of your debts, get rid of your stocks, buy silver and land if possible.
He hit the nail on the head… in the 40’s
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