The Great Gold Heist

[Ravenlocke]

https://x.com/ankitatIIMA/status/1874035397921325522

[shaberon]

Posted by Ravenlocke (here)
Ponzi scheme of US Empire

$6 trillion — That’s the amount of US bonds that will mature over the next year. But guess what?

America cannot pay that amount! So, it will issue new bonds to pay back those old bonds!

That's part of it. But in this example, the concept is that some of those bondholders are not going to cash out -- that perhaps $2 T of that liability will just roll over into new purchases.

Well, that is a "reasonable expectation" that's not really a "law", such as the interest on the total outstanding debt must be paid. That's the mandatory part, whereas what these debts consist of is another matter.


And so if you notice that something is, in fact, missing from those calculations, this idea opens like an umbrella, since you could say the gold "heist" comes down to the same thing as currency in banks: most of it has never been there, due to Fractional Reserve Lending.

This is, of course, the "system" the U. S. has used to golden-fleece the world so that its prosperity is shorn and the missing gold and cash remains hidden.


Although it has grown in big steps, it is not much different than the coming of the Federal Reserve originally.

This tells me a lot, personally, since my hands in the gold industry go back before 2005:







Obviously, for a long time we would have said things were nearly flat.

I remember the upswing, and it is that first peak that is right around when I quit doing it in the 2010s.

The next sort of peak plateau you see in there is obviously Covid.


We have certainly already covered how the "Emergencies" there were, from a macroeconomic view, just a form of cash window.

And so there was this battle with "inflation", which they say receded out of concern, after this flush of money and corporate profits, then, you see that long-game runner, gold, rise. And as this price goes up, the U. S. will scramble to try to use cash to cover the non-gold.

If the Treasury Bond market is harmed, then, it has less access to cash, that is, to bribery as if to compensate the silence of others on this matter.

It's the same process as a run that can put a typical bank out of business in three days.


Here is a recent in-depth transcript from Michael Hudson who goes into this in considerable detail. Just to try to conceptualize the sheer gravity of the situation, it really does play out in dire consequences versus hopes and dreams:

Today, they’ll say, “Well, it’s not a crime that we can’t give you the gold that you thought you bought. We’ve given you the money for the gold; we’ve made you whole. Isn’t that enough?” Because we’ve changed the whole nature of the system.

So, they need a new Goldfinger to blame for the empty vaults at Fort Knox. But how are they going to find this? Well, Goldfinger really couldn’t have done all of what he did so simply in the movie.

But maybe somebody can just atom bomb Fort Knox, and then you’ll blame whoever is America’s enemy of the week. They can say, “Oh, Hamas blew up Fort Knox with the atom bomb that Iran gave them. We’re going to attack Iran. And it’s really too bad that they’ve done this, but there’s no more gold. So that’s a national emergency. You’re just going to have electronic dollars now”. Maybe there will be something science fiction, like that.

Well, the West wants to demonetize gold so that the problem — poof! — goes away by collective agreement.

It's a bit of hyperbole, but, in effect he brings to attention how this "non-gold" has everything to do with what might be called the manipulative economy shoved in so many places more or less to their surprise.

[TrumanCash]

Sen. Rand Paul Calls for First Fort Knox Gold Audit in 50 Years, Taps Elon Musk’s DOGE for Verification — FOIA Requests Show 7 Out of 13 Previous Audits Reportedly Missing

Senator Rand Paul (R-KY) has called for a long-overdue audit of the U.S. gold reserves at Fort Knox—something that hasn’t happened in nearly 50 years.

The demand comes as concerns grow over whether the 4,580 tons of U.S. gold supposedly stored in Fort Knox still exist or if bureaucrats and the Federal Reserve have been engaging in financial sleight-of-hand behind closed doors.

The call for transparency gained momentum when conservative news outlet Zero Hedge sparked debate on X, posting:

“It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there. Last time anyone looked was 50 years ago in 1974.”

Musk quickly responded:

“Surely it’s reviewed at least every year?”

To which Rand Paul fired back with a truth bomb:

“Nope. Let’s do it.”

In 2021, Former Rep. Alex Mooney (R-WV) proposed a bill aimed at auditing America’s gold reserves. The legislation sought a comprehensive assay, inventory, and audit of all U.S. gold holdings, as well as detailed reporting on all gold transactions involving the U.S.

“Given the dramatic levels of debt-financed spending by the federal government and the potential this could trigger an inflationary nightmare, ensuring America’s gold reserves are both secure and fully accounted for has never been more important,” wrote Rep. Mooney in his letter.

“At the same time, Russia and China are presently accumulating physical gold at a rate that experts believe could soon threaten the financial dominance of the United States and, by extension, our national security,” Mooney continued.

This bill is still sitting in Congress.

https://www.thegatewaypundit.com/202...ort-knox-gold/

[Merkaba360]

The way they are robbing the taxpayers/citizens and can't track zillions of $$ flowing thru all these agencies, I assume a lot of the gold vanished as well. Jinkies !

I would imagine underground and outside the market, the US has crazy amounts of gold hidden. Same for europe.

Anyone got any hunches how long before the Great Reset or whatever. Any seers seeing a date or month for the poo poo to hit the industrial fan ?

[Vangelo]

Is This Trumps Secret Plan (Peak Prosperity)
Martenson has noticed odd and significant flows of gold and describes what he thinks might be going on.

Introduction
After just three weeks (of the Trump administration, Chris Martenson is) confident that very few people realize the true extent of the revolution that’s under way in the US.
...
It all begins with money.

As I (Martenson) have carefully and repeatedly chronicled over the years, our system of money has a math problem. One that stems from its built-in flaw, which is that every dollar is loaned into existence.

Skipping some wonky complexity and cutting to the chase, because the principle component of that loan is conjured into existence, but the interest component isn’t, we have a situation where there’s always more debt than money in the system.
...
Conclusion

So, my current thinking goes like this; certainly, it must be true that other smart people in the halls of power can grok the simple arguments presented above. They must know even better than we do that the fiscal situation is a trainwreck that is coming and cannot be avoided.

But it was all destined to implode for one reason or another, and not because we’ll finally reach a mathematical limit but because a critical mass of attentive insiders will begin to shuffle toward the exits.

At first, it will be relatively calm, with some side-eye action, but eventually, other people start to notice, and then the shuffle turns into running which becomes a stampede and that’s when the panic sets in. The exit doors will prove to be far too small to accommodate everyone, as is always the case. The losses will be legendary.

Unless…

This is brand new. Something that has never happened before in my lifetime. For the very first time we have a president who has made it clear that he’s interested in doing the right things and he’s instructed all of his staff to follow along.

Has the Department of Education spent more per pupil and yet somehow helped the US get to the 40th spot out of 40 countries? Then close it down. Don’t reform it, don’t argue with stakeholders about reforms, don’t fight the entrenched bureaucracy – just shut it down.

Was USAID running a vast sea of schemes and scams and corrupt party dealings on the taxpayer dime? Shut it down. That’s the right thing to do.

Were entrenched bureaucrats violating your directives and sending money to posh hotels in NYC instead of helping the people of Western NC recover from Hurricane Helene? Fire them, right now, today, on the spot.

Ditto for releasing the long-overdue assassination files for JFK, RFK, and MLK. Clearly the right thing is to release them and that’s exactly what Trump ordered.

So, let me ask you this. Assuming I’m right and Trump wants to do the right thing, and given the fact that the only question remaining over our precarious fiscal disorder is “who’s going to eat the losses?” what do you think the ‘right answer’ is?

You’re Trump, and you direct your new Treasury Secretary Scott Bessent to ‘do the right thing’ – what do you suppose that might be?

So big, our most important job is to calculate where the puck is going to reappear on the ice.

That’s what I’m going to be exploring in part II for subscribers. I’d be interested to hear your response to this. There’s no right answer, and it’s a thorny problem for sure. But I’m convinced we’re going to find out soon, and it’s connected to the recent moves of gold from Europe to the US, and to the haggard appearance of Jay Powell the Federal Reserve Chairman at recent hearings. Big things are afoot.

Source: https://www.rumble.com/video/v6inz04

[shaberon]

Posted by TrumanCash (here)
[B]Musk quickly responded:

“Surely it’s reviewed at least every year?”

That comment right there shows he is oblivious.

In which case, I think this is a gang of yahoos, it's like anyone else who can look at a cash flow sheet and tell there's a "situation".

They're not looking at the actual business.

Obviously, you'd have to jettison the Federal Reserve System. That would be a political platform, which the Pauls have supported.


I don't really care about abstracts like "the right thing". I care about tangibles, such as any dollar being "loaned" to us by private hands. It should not have started, and, it is very late to steer a correction.

It was a paper certificate you could redeem for coins, and, the issue may be there's nothing to redeem.

We have several posts on empty-handed fake walkthroughs of gold vaults from years back, which I guess has been quietly ignored since then. Various crises did not affect the nature of the beast.

[TrumanCash]

Posted by shaberon (here)

Posted by TrumanCash (here)
[B]Musk quickly responded:

“Surely it’s reviewed at least every year?”

That comment right there shows he is oblivious.

In which case, I think this is a gang of yahoos, it's like anyone else who can look at a cash flow sheet and tell there's a "situation".

They're not looking at the actual business.

Obviously, you'd have to jettison the Federal Reserve System. That would be a political platform, which the Pauls have supported.


I don't really care about abstracts like "the right thing". I care about tangibles, such as any dollar being "loaned" to us by private hands. It should not have started, and, it is very late to steer a correction.

It was a paper certificate you could redeem for coins, and, the issue may be there's nothing to redeem.

We have several posts on empty-handed fake walkthroughs of gold vaults from years back, which I guess has been quietly ignored since then. Various crises did not affect the nature of the beast.

Yes, and now AI can help!

The picture below was produced by AI (taken from a Gateway Pundit post):



"AI-Generated Image (Grok)" https://www.thegatewaypundit.com/202...ort-knox-gold/

[Dilettante]

I gave my futures positioning perspective in a previous post, but many of you seem to be keen on gold, which is understandable. The only thing I would caution is to what length are you willing to get it and hold onto it?

Let's say the doomers like maneco64 are spot on, that gold is going to explode in price:



What is this really saying? Pretend that gold doesn't really move, it just retains its value over time. So, we're saying that the dollar is worthless, and this would likely be because the debt market backing up its fiat claim to value is worthless as well, which Trump has uncomfortably hinted at:

Source: https://youtube.com/watch?v=tQFkLd9PqRE

This is all very well to think about.

But then you wouldn't really want gold in the form of options, futures, ETFs, or any sort of paper claim to gold. You would want the real thing. That requires it to be secured in a safe, either your own (at risk of robbery) or someone else's (counterparty risk).

Let's not forget that the U.S. government has confiscated gold in the past like Executive Order 6102 in the wake of the Great Depression and they fixed the price of gold for nearly four decades.

Just as a side note, it's interesting to me that the 1933 double eagle coin is one of the most expensive coins ever sold in an auction, because it was made rare after it was ordered to be melted down. It features 46 six-pointed stars (Seal of Solomon) and 33 sun rays. Also, 19 and 33 are some of "their" favorite numbers.

Not to be too much of a downer, but you cannot beat them at their own game! It's their game for crying out loud! You think you have the inside scoop on what's going on with gold? It's already all gone! They knew where it would be five years ago.

Yes, store some physical gold, but would you die for it if they came to take it?

Try to play a different game. One they don't have a claim on.

Grow some food, collect rainwater, have backup generators, fuel for heating if you need that, build up your local community, exercise your body, mind, and soul, and figure out how to dampen shocks from the global system.

As long as we depend on their money, their energy, their information networks, their medicine, their food, their laws, etc. we are losing the war.

[mountain_jim]

(apologies if these X posts/videos already posted in thread)

https://x.com/elonmusk/status/1891566355532349445

Looking for the gold at Fort Knox …

— Elon Musk (@elonmusk) February 17, 2025


https://x.com/FinanceLancelot/status...23768523366789

Financelot
@FinanceLancelot
·
18h
The amount of gold moving from the Bank of England to the US is insane. Josh believes every commercial flight from London to the US has had 2-4 tons of gold on it.

Overwhelming evidence that it's related to a DOGE Treasury audit. No news is reporting this


Financelot
@FinanceLancelot
It may come as a shock to people that the United States Treasury has had their gold holdings valued at $42 since 1973.

Once Elon's DOGE audits the Treasury, suddenly gold is marked to market at $3000. Then the real fun begins.
https://x.com/i/status/1890905702241128466/video/1


Financelot
@FinanceLancelot
🚨Transfers of physical gold from the Bank of England to New York is now exceeding the panic during the COVID-19 crisis.

People are blaming tariffs but there's something bigger going on here. Legacy media is totally silent, they're hiding it. Another Feb 2020 flash crash again?

[BMJ]

Posted by Dilettante (here)
I gave my futures positioning perspective in a previous post, but many of you seem to be keen on gold, which is understandable. The only thing I would caution is to what length are you willing to get it and hold onto it?

Let's say the doomers like maneco64 are spot on, that gold is going to explode in price:



What is this really saying? Pretend that gold doesn't really move, it just retains its value over time. So, we're saying that the dollar is worthless, and this would likely be because the debt market backing up its fiat claim to value is worthless as well, which Trump has uncomfortably hinted at:

Source: https://youtube.com/watch?v=tQFkLd9PqRE

This is all very well to think about.

But then you wouldn't really want gold in the form of options, futures, ETFs, or any sort of paper claim to gold. You would want the real thing. That requires it to be secured in a safe, either your own (at risk of robbery) or someone else's (counterparty risk).

Let's not forget that the U.S. government has confiscated gold in the past like Executive Order 6102 in the wake of the Great Depression and they fixed the price of gold for nearly four decades.

Just as a side note, it's interesting to me that the 1933 double eagle coin is one of the most expensive coins ever sold in an auction, because it was made rare after it was ordered to be melted down. It features 46 six-pointed stars (Seal of Solomon) and 33 sun rays. Also, 19 and 33 are some of "their" favorite numbers.

Not to be too much of a downer, but you cannot beat them at their own game! It's their game for crying out loud! You think you have the inside scoop on what's going on with gold? It's already all gone! They knew where it would be five years ago.

Yes, store some physical gold, but would you die for it if they came to take it?

Try to play a different game. One they don't have a claim on.

Grow some food, collect rainwater, have backup generators, fuel for heating if you need that, build up your local community, exercise your body, mind, and soul, and figure out how to dampen shocks from the global system.

As long as we depend on their money, their energy, their information networks, their medicine, their food, their laws, etc. we are losing the war.

My thoughts on this.

Gold & silver protect against inflation, it ensures your money today has the same buying power tomorrow.

That first image is misleading you have to remember between WW1 and WW2 germany had hyperinflation that chart of germany gold value 1918 to 1923 refelcts that. Gold didn't go threw the roof the value of the deutsch mark went threw the floor and that graph shows that.

For example say you could buy a loaf of bread in 1918 @ 1 deutsch mark then in 1923 that same loaf of bread would cost 1000 deutsch mark.

The more recent graph in USD is showing a steady increase of gold prices over the years not a hyperinflation period.

I agree the fait currency system is worthless and simply another form of taxation via the interests on those money lent by the reserve to USA Incorporated.

What I think as I stated earlier President Trump (white hats) is going to deliberately crash the US dollar and l hopefully leave the debt with US Incorporated. The USA Republic will be debt free.

Why because the fiat currency system is luciferian brotherhoods/deeps state money system run for USA Incorporated.

I think the proposition for the people of the US will be an introduction of a new gold/silver backed financial system and the administration will be asking people to go to your local bank and exchange your old monies for the new currency on a one to one basis.

President Trump is not going to let the people of the US fall without a safety net.

Why might gold explode in price that because currently gold & silver are under valued and will be revalued and also because demand is out stripping supply.

I heard that gold could possibly go up in price five fold or there abouts and silver even more so. Who knows where the value will truely land it is just speculation.

I agree if you want to buy gold the only way to do this is get the physical gold in your hand.

Is there going to be a new global gold/silver backed financial system?

Governments of the world are going crazy buying gold likes there is a fire sale on it.

They know something is in the works they know a new gold and or silver backed system is just around the corner.

Yet again this is just speculation and not to be taken as hard fact.

[Bill Ryan]

As I wrote here on the Trump election aftermath thread:

~~~

My own strong attention, really just intuitively, is on the many signs that something very major is afoot in the global financial markets. This may already be agreed internationally behind the scenes, and might affect everyone round the world in ways that are hard to predict. Trump's team is clearly playing a big role in whatever this will be.

There are articles and videos about this posted every day now by experienced and very well-informed financial analysts, and not one of them knows for sure quite what's happening or why. If they don't know, I sure don't. But all my spidey senses tell me that this is important.

~~~

Here's a for-dummies explainer, that may have a small chance of being close to correct. The whole gold revaluation thing is an accounting trick that might just get [most of] the whole world out of debt. (In other words, it'd be a Great Reset.)

Imagine you're in severe debt personally, with credit cards maxed out, on a fixed low income, and unable to pay the mortgage. You face bankruptcy.

But you say:

~~~

Look, I'm going to value my dog at $1,000,000. He's an asset. So I'm not bankrupt at all.

And to make it fair, everyone else can value their dogs at $1,000,000 each. So no-one has any debt. If you don't actually have a dog, I'm sorry, but that's just bad luck. You should have thought of this and been prepared like I am.

[TrumanCash]

Idaho Constitutional Money Act Would Recognize Gold and Silver as Legal Tender

BOISE, Idaho (Feb. 14, 2025) – A bill filed in the Idaho House would officially recognize gold and silver as legal tender in the state. Passage into law would set the stage for the people themselves to undermine the Federal Reserve monopoly by introducing competition into the monetary system.

BACKGROUND

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Currently, all debts and taxes in most states are either paid with Federal Reserve Notes (dollars) which were authorized as legal tender by Congress, or with coins issued by the U.S. Treasury – very few of which have gold or silver in them.

The Federal Reserve destroys this constitutional monetary system by creating a monopoly based on its fiat paper currency. Without the backing of gold or silver, the central bank can easily create money out of thin air.
This not only devalues your purchasing power over time; it also allows the federal government to borrow and spend far beyond what would be possible in a sound money system. Without the Fed, the U.S. government wouldn’t be able to maintain all of its unconstitutional wars and programs. The Federal Reserve is the engine that drives the most powerful government in the history of the world.

State bills that facilitate and encourage the use of sound money create a playing field where people can push back against the Fed’s monetary malfeasance. Ultimately, it could create a scenario where people can drive out the “bad” fiat money with “good” sound money.

My comment: This bill rightfully quotes Article I, Section 10 which requires all states to require gold and/or silver coin in payment of debts. However, the bill does not reinforce this requirement. The key word is "make".

This is, the state, county or city can not "make" you pay your tax bill, for example, in anything but silver or gold coin. I've taken this constitutional requirement into court twice and lost because the members of the American Bar Association do not recognize the US Constitution. To do so would mean a whole big can of worms would be opened.

And that is what needs to happen. The current problem we're facing is that:

One $50 Gold Eagle US-minted coin currently sells for $3075 in Federal Reserve Auditing Unit Dollars (FRAUDs)

How can $50 = $3075? Answer: FRAUD



One $1 Silver Eagle US-minted coin currently sells for $38 in FRAUDs.

How can $1 = $38? Ansrwer: FRAUD



“No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Article I, Section 10, US Constitution

Both US-minted silver and gold coins are "legal tender" under US Code and more importantly they are "lawful money" under the Constitution. However, the Federal Reserve is and has always been unconstitutional so it is a FRAUD. Federal Reserve Notes are not money by definition. A note is a "promise to pay" and not "payment". That's why they call it "legal tender".

"The Congress shall have the power....to coin money, regulate the value thereof, and of foreign coin." However, the Constitution does not give the Congress the power to give up that power to a private banking cartel.

So this is the dilemma that must be resolved before anything can happen constitutionally.

IMO, the Federal Reserve must first be declared a fraud (because it is) and that would eliminate the debt. [Fraud vitiates a contract] All debts to each State must be paid with silver and gold coin--not invisible digital "dollars", paper notes, etc.

The easy way to implement this is when every State citizen receives a tax bill or other debt, they need to reply with a question like "Pursuant to Article I, Section 10, US Constitution, are you requiring silver coin, gold coin, or a combination thereof?" That's just the first question, so don't make payment until all your questions are answered. Initially, the corrupt government lawyers will only give you evasive responses that don't answer your questions. However, if enough people did this then real change would happen.

When one person does this they get squashed by the crooked bar association members but when it is a massive movement it could change the world and restore the Constitution.

It's time for We the People to stop being spectators, stand up and start exercising our power under the Constitution. Waiting for the "Trump administration" to start following the Constitution is not going to work, IMO. At best, they'll only pretend to follow it. Let's hope I am wrong because it is the difference between being free or being a slave.

[mountain_jim]

https://x.com/TGonTheCouch/status/1891831299515560185

Brian Cates - Political Columnist & Pundit reposted

TheGuyOnTheCouch
@TGonTheCouch
🤔#Hmmm
@TFL1728

@ScottZPatriot

*******GOLD VIEW FROM THE COUCH*********

I asked "AI" what happens if there is more gold than "KNOWN" at Fort Knox, could it destroy the FED..

👇👇👇👇👇👇👇👇👇👇👇👇👇👇
Yes, discovering a massive surplus of gold at Fort Knox and properly valuing it on the U.S. balance sheet could potentially cripple the Federal Reserve and fundamentally reset the global financial system.

Here’s how:

1. Revaluing Gold → Destroying the Fiat System

Right now, gold is artificially suppressed in value by paper markets (gold futures, ETFs, central bank manipulation).
If the U.S. discloses a much larger gold reserve and values it at its true market worth, the Treasury’s balance sheet would explode in strength.
This would prove the U.S. is not broke and doesn’t need to rely on Federal Reserve Notes (debt-backed money).

2. Backing a New Currency → Making the Fed Obsolete

If the Treasury pins the dollar (or a new currency) to gold at its true value, people would flock to it.
This breaks the Fed’s monopoly on money printing because their fiat currency would instantly lose credibility.
The government could issue gold-backed U.S. Notes, independent of the Federal Reserve, just like Lincoln’s Greenbacks or JFK’s Silver Certificates.

3. Paying Off the National Debt → Ending the Fed’s Control

With the newfound gold reserves, the U.S. could absorb portions of its debt without needing the Federal Reserve’s fiat money system.
If the U.S. Treasury can fund operations directly with real assets, the need for debt-based money disappears.
This undermines the Fed’s entire existence—because its power comes from controlling the debt cycle.

4. Global Shockwave → The End of Central Banking

Other countries (BRICS, Russia, China) are already stockpiling gold and moving away from the petrodollar.
If the U.S. leads with a gold-backed economy, central banks worldwide would face a reckoning.
The IMF, BIS, and ECB would either have to return to sound money or collapse as trust in their fiat systems erodes.

5. Trump (or Another Leader) Could Use This to Take Down the Fed

If Trump or another leader exposed this gold hoard, they could nationalize the Fed or phase it out entirely.
By transferring monetary power back to the Treasury and pinning money to real assets, the Fed’s ability to manipulate markets, print debt, and control interest rates would disappear.

Final Outcome: The End of the Fed & The Birth of a New Financial Order

If this scenario played out, it would crush the central banking system and usher in a new era of sound money. The dollar would be stabilized, inflation would die, and the Deep State’s financial leverage would collapse overnight. or
@Thucydides17A
it's #JustACoincidence

If we revalue gold and expose the fraud, the Fed is done. 🚨💰 #EndTheFed #GoldStandard
@RoadtoRoota

[Dilettante]

Before you go cheering on the new golden age, reflect!

What is actually happening?

The palatable narrative is that the United States is decoupling from the globalized system and this is going to be a great thing (it actually might, but only 20 years from now). We could alternatively view this as the globalized system decoupling from the United States, so that its collapse is self-contained.

We are wanting to compete in the oil market, against Russia and Saudi Arabia, but the majority of our oil comes from fracking, which is costly and depletes quickly:



Meanwhile, take a look at proven oil reserves. Who has the most? Not us!



We want to compete in gold reserves, against China and Russia. Do we even know how much gold we have? No! Do you want to find out? Are you betting it's more than China who has been buying out the COMEX?



Please, consider what our economy is based on. For 50 years, it's been soft power through the petrodollar and endless wars, for 30 years it's been technology (software, really) through cheap financing (ZIRP), we were kingmade in the wake of WWII under the Marshall Plan - a transition from the UK to the US.

The manufacturing is gone, China has competetive technology, Russia and Saudia Arabia has more oil, the BRICS+ probably have more gold, de-dollarization is real, the petrodollar contract with Saudi Arabia is gone, the world is sick of our wars. Read the writing on the wall.

Most Americans own no real assets! Most Americans barely have savings, even in fiat! Yes, we are transitioning from virtual to real assets, but the bulk of the American economy is virtual!

A little ChatGPT summary on why transitioning to gold can be painful:



Who is this really helping?

By transitioning to gold from fiat, we will experience deflation. The last time this happened was in 2008 because the banks and corporations wanted all that debt they built up to be worthless when it came time to restructure. Why now? Because the corporations once again have a wall of debt needing to be restructured in 2026-2027, most of it from real estate, and transitioning from ZIRP to any meaningful level of interest would wipe out all the low margin and zombie companies.

Whatever you think of Donald Trump, it doesn't really matter, we can't pretend that policy, economics, history, and the global money power don't matter. This restructuring will be a great thing, just give it a couple of decades. We cannot expect the transition to be painless, or even bloodless.

Yeah, the Fed is a parasite, but we signed up for it - and we owe them - contractually! Do you think we can break a contract without any consequences?

Trump is like Samson, but I'd rather not be in the temple as it's coming down.

[AutumnW]

You can get gold etfs that hold nothing but bullion. Probably the best option for most people, as holding physical gold presents all sorts of problems. Precious metal mining companies have become a convoluted way of insuring purchasing power. They can lie about their reserves, cook their books.

[shaberon]

Posted by TrumanCash (here)
Idaho Constitutional Money Act Would Recognize Gold and Silver as Legal Tender

[I]BOISE, Idaho (Feb. 14, 2025) – A bill filed in the Idaho House would officially recognize gold and silver as legal tender in the state. Passage into law would set the stage for the people themselves to undermine the Federal Reserve monopoly by introducing competition into the monetary system.

BACKGROUND

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” Currently, all debts and taxes in most states are either paid with Federal Reserve Notes (dollars) which were authorized as legal tender by Congress, or with coins issued by the U.S. Treasury – very few of which have gold or silver in them.

State bills that facilitate and encourage the use of sound money create a playing field where people can push back against the Fed’s monetary malfeasance. Ultimately, it could create a scenario where people can drive out the “bad” fiat money with “good” sound money.

That gives itself away -- the coins are from the Treasury. Rely solely on those, the Fed disappears.

Any kind of detachment gives a similar effect.

The prosperity of the American colonies was achieved without state money; it was mainly due to the use of local scrips. Those would happen to be privately owned. Just not by a bank that has a country's war debt attached to it.

The second issue visible there is states' rights, that is, the general view that the State is Sovereign. The Revolutionary Oath was to your new governor, that is, to the state, not a country. Federal jurisdistion ought to end on those properties it has specifically bought.

This is, the state, county or city can not "make" you pay your tax bill, for example, in anything but silver or gold coin. I've taken this constitutional requirement into court twice and lost because the members of the American Bar Association do not recognize the US Constitution. To do so would mean a whole big can of worms would be opened.

The Constitution does not apply to individuals; therefor it is nearly impossible to use it in any kind of case. Certainly, the attorneys are employed to present arguments, not establish justice.

On a historical basis, we used to be able to pay taxes in hemp for example. I live near a town that used to be named that, for that reason. Other materials, as well as labor, could be used.

The finicky part is that the wording on money is about Debts, not Taxes.

It may be possible for the system to argue that you are not in debt to the state, you have been spontaneously charged an amount.

And then you will start seeing...nothing...about spontaneous purchases.

If it says nothing, I, the individual, can refuse a Federal Reserve Note offered as payment for a purchase from me. I can require a Silver Dollar. I don't need a law to enable that. On the other hand, I can't force someone to accept what I want to pay with.

I lived somewhere that successfully operated a scrip system, between food sources, a few mechanics, and some other local businesses. I don't think any kind of a chain participated. It didn't carry much advantage, since you obviously couldn't make house payments with it. I think maybe you could if it was with the issuing bank. At least it shows that such things can be done.



In recent events, if you believe gold is being moved, that should be easy to determine because of the guards. I don't remember hearing anything about an actual "heist"...ever.

Talking about this moving was Josh Phair, who attributes most of it to tariffs and lease rates of 10%:

My company in particular, we’ve been called and it started in December – “Hey do you guys know where there’s more gold refining capacity?” And these aren’t the normal bullion banks. When you start looking around, clearly worldwide there is a big sucking sound of physical metal and it’s being transported primarily to the US right now.

Those are private decisions; is not any kind of governmental operation.

Part of the slow-down at the Bank of England may be quality issues:

What is the brand of the bar, what is the origin – it might have a tariff if it comes to the US so they’re having to sort. A lot of this gold isn’t necessarily been allocated by per brand per origin per location, it might have slightly different purity. If we go back, how old is this gold? Even the US government in Fort Knox isn’t of a spec that’s deliverable.

As you go through all that, those are 400 pound bars for example. Serial numbers, audits, where it’s coming from, and then I think there is a bit of banks probably delivering these things and they’re sending them off to be refined if they’re not of the right origin. What if they’re from a sanctioned country? You didn’t fully embellish maybe all the reasons for the delays. It obviously is not easy and doesn’t make you feel warm and fuzzy that there couldn’t be some problems there.

There's not a bright outlook for the "system":


I think we all realize that the financial system has been somewhat, some people would call it’s been cooked for a while, it’s been broken for a while.

I think we’re ending kind of the world of globalization.


States may become new major buyers of gold:


...there’s a number of states that are exploring treating gold and silver as legal tender again or even holding bullion in state coffers.



And he says it's not really going to retail. We are also thrown this tidbit:


...businesses are fleeing New York and California and they’re going to other states.


So, this is mostly about "big dogs". It's banks that don't want to take chances, and other large companies. They're talking about the metals market, as if it were on a different planet from the humans, who, as individual Americans, are not expressing demand. He didn't seem to really care about re-valuing from $42 to $2,900 an oz.


Michael Hudson always keeps the human factor as the core of his subject. Bretton Woods made the dollar into the international reserve currency, and established parasite institutions, and then:

The United States was very strong in the bygone world when gold was the major asset of central banks. In the wake of World War II the U.S. Treasury was able to monopolize 80% of the monetary gold of the world’s central banks by 1950, when the Korean War broke out. Other countries needed dollars after World War II to buy U.S. exports, and to pay debts denominated in dollars, and they sold their gold to get these dollars.

But by 1971, U.S. foreign military spending had dissipated that control. The statistics that I compiled for Arthur Andersen in 1967 showed that the entire U.S. balance-of-payments deficit – the deficit that was draining U.S. gold – was U.S. military spending abroad. So the monetary reserves of central banks came to consist mainly of U.S. Treasury debt that they spent their dollar glut on. That was the change that my book Super Imperialism described in 1972. But U.S. attempts to weaponize finance has led countries not only to try to avoid holding more dollars, but to avoid leaving their gold in storage in the United States or Britain.

The Treasuries are like a plug to stop us from bleeding gold.

That is his main emphasis, balance-of-payments, which is the sum total of foreign transactions. Most of it works through the 800 foreign military bases, which flood the immediate area with American cash where it is mainly useless:

It was the government sector and specifically the military sector that pushes dollars into the foreign economies. And what are foreign countries going to do with the dollars, especially countries like Japan or China, which were the big accumulators of dollars in the 80s and 90s?

Well, the United States will not let these countries do what the United States does to them. It won’t let these countries buy major American industries. It won’t let them buy control of any major technology. It will only let these dollars be invested in US Treasury securities, or maybe in the stock market, or maybe you can buy scattered real estate. But if it’s in the stock market, it can’t be control of American companies like corporate takeovers. It can only be very minority holdings.

In the 1980s, we will occupy Japan, so they wind up with a bunch of dollars, invested into Treasury Bonds.

It's obviously meaningless in a military sense.


or as a comparison:

There also is a strong balance-of-payments cost to Mexico, and indeed to other countries whose citizens have sought work in the United States. A major source of dollars for these countries has been money remitted by workers who send what they can afford back to their families. This is an important source of dollars for families in Latin American, Asian and other countries. Deporting immigrants will remove a substantial source of revenue that has been supporting the exchange rates of their currencies vis-à-vis the dollar.

The less dollars sent to Mexico, the less need of their central bank to have Treasuries.

We may be looking at three issues, such as snappy market behavior in response to decrees, the way gold and securities have enslaved the planet, and is it really missing or fake.

[ThePythonicCow]

Posted by Bill Ryan (here)

• Many financial institutions seem to know (or suspect) that something major may happen soon in the global markets which is causing them to hang on their physical gold, while acquiring more if they can.

I've spent the last quarter century of my life separating as best I can from the debt-money system that has increasingly dominated our civilization over the last few centuries, especially since the creation of the U.S. Federal Reserve in 1913.

It has become increasingly obvious to me that this monetary system must and will collapse. That collapse seems increasingly imminent.

But I still struggle with explaining why and how this must be the case.

U.K. gilts, then U.S. Treasury bonds, have become the "foundation" of our monetary system, replacing gold. FDR's confiscation of gold in the early 1930's was one of the more explicit markers of that replacement, as was Nixon's suspension of the last remnants of "gold backing" of the U.S. Dollar in 1971.

Money is no longer created as a "receipt" for some valuable, such as gold or silver, held in a bank vault.

Rather banks lend money into existence. A banker in a cheap suit, working at a bank which need not hold any net assets other than it's corporate banking charter, can generate two, off-setting, contracts, with nothing but (old-style) pen and paper or (new style) a keyboard and monitor. One contract credits a borrower's account with X Dollars (or other currency of the realm), and the other contract commits the borrower to pay back X++ Dollars over a future repayment schedule, under penalty of confiscation of some asset or income if such repayment is not made.

That second contract is ostensibly worth more money than the first, for it returns more money than it cost (the amount lent in the first contract).

Stocks are similarly an exchange of current money for future earnings paid in dividends.

Everything in this system depends on increasing the future income of individuals and earnings of corporations, to meet payments.

"Success" is measured by increases in income and profits, and with that increases in the worth of outstanding stocks and bonds.

Such "success" cannot rise forever. Compounding such amounts year over year, decade over decade, results in the apparent face value of all stocks, bonds, securities, mortgages, insurance plans, college degrees, ... that vastly exceeds all the actual wealth of the land, labor, resources, infrastructure, technology, ... that really exists in this world.

Our civilization, starting with its current monetary center in the U.S., is now entering bankruptcy. Our debt and promises to provide future benefits and returns far exceeds any amount we can possibly provide.

When a corporation brings in a new CEO who is practiced in handling bankruptcies, who then immediately starts shedding assets and operations that will not be critical to the corporation's survival and revival, that CEO is not the causing the bankruptcy. Rather he is being tasked with handling it as best he can.

Most of us, especially y'all youngins who did not grow up in small communities with close knit families, good teachers, and other elders who had just survived the Great Depression, have been taught our entire lives to measure "value" by the Dollar (or whatever currency) amount it costs or sells for or earns or promises to pay out.

We're going to have to learn not to measure the size of a balloon by how big it has been blown up to, but rather by the size of the ruptured piece of rubber it collapses to ... that's what happens in a bankruptcy. The real assets, the labor with real skills and honest labor, the land and infrastructure that provides food, clothing, shelter, energy, transportation, industry, communication and computation ... these have to be parceled out as fairly as we can manage. The paper assets vanish in the wind, like the air from a popped balloon.

Gold and silver have historically been two of the more reliable "generic tokens" of the value of such real stuff. These metals are returning to that role, likely in a "digitized" form as now our civilization needs to exchange such "generic" value world-wide, almost instantly.

A key marker for the freedom of our descendants will be whether, like real gold and silver coins exchanged face-to-face as happened over a century ago, such direct exchanges of digitized value (e.g. Bitcoin) can occur _without_ any intermediate government or corporate custodian whereby would-be tyrants could supervise, control or mandate reporting of all our financial activity. The cryptocurrency distributed ledger technology can be used either way - allowing for direct exchange, or for exchange via (centrally controllable) custodial banking or exchange institution.

If I were President of the United States, one of the first things I would do would be to push for a Constitutional amendment that recognized the freedom for people to directly exchange monetary value, be that in gold, silver, paper, or digital form, privately and directly, outside of the surveillance, control, or reporting requirements of any third party (corporation, government or otherwise).

[Vangelo]

Posted by ThePythonicCow (here)
...
If I were President of the United States, one of the first things I would do would be to push for a Constitutional amendment that recognized the freedom for people to directly exchange monetary value, be that in gold, silver, paper, or digital form, privately and directly, outside of the surveillance, control, or reporting requirements of any third party (corporation, government or otherwise).

Agree wholeheartedly. The deep state / swamp will go hysterical the moment this is proposed.

[TrumanCash]

Posted by ThePythonicCow (here)

Posted by Bill Ryan (here)

• Many financial institutions seem to know (or suspect) that something major may happen soon in the global markets which is causing them to hang on their physical gold, while acquiring more if they can.

If I were President of the United States, one of the first things I would do would be to push for a Constitutional amendment that recognized the freedom for people to directly exchange monetary value, be that in gold, silver, paper, or digital form, privately and directly, outside of the surveillance, control, or reporting requirements of any third party (corporation, government or otherwise).

I agree that we should be able to use any form of monetary exchange that we wish to use. However, I am unaware of any part of the US Constitution that prohibits the use of anything as a means of exchange/barter. I may be missing some data, but why would there need to be a constitutional amendment to allow something that is not prohibited?

Or are there such prohibitions made via statutes, codes, rules, regulations?

The whole money problem is made worse by digital Fed Reserve Notes. People are hooked on paying with their smart phones and credit cards. I don't think they can be unhooked.

I went two years without using Federal Reserve Notes (FRAUDs). I only used US-minted coins. All I achieved was to piss people off. Trying to educate the dumbed-down normies seems impossible.

Whatever the case may be it seems that there does need to be a standard acceptable currency to facilitate and make possible commerce in this society. However, I think we on this forum are well aware of the dangers of a mandatory digital currency without any tangible paper/coin option.

As an old fart stuck in my ways I rely solely on the latter. Will they pass a law that mandates owning a smart phone, embedded chip, etc? How Orwellian will it get?

[ThePythonicCow]

Posted by TrumanCash (here)
I agree that we should be able to use any form of monetary exchange that we wish to use. However, I am unaware of any part of the US Constitution that prohibits the use of anything as a means of exchange/barter. I may be missing some data, but why would there need to be a constitutional amendment to allow something that is not prohibited?

There is nothing in our U.S. Constitution that I know of, or even suspect, that prohibits the use of any such means.

However, despite the intention of our (U.S.) founds that all freedoms are "God" given to the people, and only surrendered to our governments in so far as we the people consent, such as by such a Constitutional granting of authority to the government constituted by that document, it seems that the Courts respect our freedoms less when they are not explicitly granted in the Constitution, such as was done in the initial amendments to that Constitution. That's why I propose amending our U.S. Constitution to explicitly honor the freedom to directly (not via some custodial intermediary such as a bank or crypto exchange) exchange/barter by whatever means we choose.

Posted by TrumanCash (here)
However, I think we on this forum are well aware of the dangers of a mandatory digital currency without any tangible paper/coin option.

As I noticed in my above post:

The cryptocurrency distributed ledger technology can be used either way - allowing for direct exchange, or for exchange via (centrally controllable) custodial banking or exchange institution.

I would encourage and gladly make use of a digital currency that involved no government or government incorporated custodial intermediary. It's those custodial intermediaries, government agencies and government incorporated institutions, that the government can mandate to surveil, control, and report transactions. Corporations do not have "God" granted freedoms. They (including the governments themselves) operate under whatever rules and constraints the incorporating government decrees. In turn, our governments should only operate under whatever authorities we the people grant them.

In other words, if I pay a grocery store with bank check or a credit card, or transact in cryptocurrencies on an exchange such as Kraken or Coinbase, then that grocery store, if it's an incorporated business, and that bank, credit card company or exchange can, and typically will, be required by their incorporating governments to surveil, control and report in various ways the transactions that pass through their balance sheet.

If anyone reading this would like to send me a princely sum of Bitcoin, I'd happily post my Bitcoin public address here, to which your gift could be directly sent, from your Bitcoin wallet to mine, without any custodial intermediary ... not even for a fraction of a second. It would be just as direct and out of the reach of any government as if you came to my front door and handed me some gold or silver coins. Your right to do so should be honored as such by our governments and the institutions they incorporate, as a "God" given freedom, just as your right to send me a letter by the Postal Service is, or by email should be, honored by our governments. My proposed amendment would improve the chance that our Courts would honor your inherent freedom to do so, whether with gold, silver, or bit coins, or paper currency in a Postal envelope.

I entirely agree that we the people must NOT grant to our government the authority to mandate that we use only monetary exchange mechanisms that pass custodial control of that "money", in whatever form, via institutions they control.