“…The truth is that you cannot have a “strong, robust economy” that is based on debt because debt is not prosperity. A nation’s monetary system cannot and will not survive under a fiat currency such as we’ve had shoved down our throats since 1913. This is why so many of us own gold. We know history has a nasty way of repeating itself. This brings me to a recent column which just came out titled, It’s Official: The Crash of the U.S. Economy Has Begun by Richard C. Cook. This column has flooded the Internet. Cook’s so called solution to the monetary crisis facing this country is dangerous…”
By Devvy Kidd
June 19, 2007
© 2007 – NewsWithViews.com
There’s no question America is in a dark and dangerous period of history. The world’s banking cartels have had their way for centuries, manipulating, strangling and raping the wealth of nations with America at the top of their agenda. For those of us who own gold, we fully understand the importance of owning it to protect us from the machinations of truly evil men. GATA (Gold Anti-Trust Action Committee), has been on a relentless crusade for quite some time to expose the manipulation of gold by the Masters of the Game. It is only by exposing the evil doers can we hope to prevail in our fight to free our nation and our people from financial slavery and bondage.
Few things get me excited these days because most of the news is bad, although we are seeing victories. But, when this latest move by GATA came to my attention, I was ecstatic. Oh, make no mistake and I say this from experience: the battle will be fierce because I have fought on the FOIA battle ground on other issues. The federal government will lie and commit fraud protect their secrets. If you think that’s a strong indictment, nothing less is the truth if you have done the research. This is GATA’s new press release:
GATA Will Demand Truth About U.S. Gold Reserves June 14, 2007
Constitutional scholar, writer, and lawyer Edwin Vieira has been retained by the Gold Anti-Trust Action Committee Inc. to lead an inquiry into the disposition and possible impairment of United States gold reserves. Dr. Edwin Vieira, author of the monetary history of the United States, “Pieces of Eight,” is a graduate of Harvard College and Harvard Law School and a renowned spokesman for sound money. <>
Consulting for GATA, using the federal Freedom of Information Act, and retaining a Washington-area law firm, Vieira will seek to compel the U.S. government to disclose records showing how much gold is in the government’s custody; who owns it; whether it has been leased or otherwise made available to foreign governments or gold market participants; and whether the policies and practices behind the use of U.S. gold reserves have been meant to influence the price of gold.
GATA, a non-profit civil rights and educational organization founded in 1999, has published evidence that central banks and government financial agencies, including the U.S. Treasury Department and Federal Reserve, work together, usually surreptitiously but sometimes openly, to rig nominally free gold markets as part of their general program of controlling international currency exchange rates. That evidence includes the transcript of the meeting of the Federal Reserve Board’s Federal Open Market Committee on January 31, 1995, which confirmed the U.S. government’s participation in gold swaps, exchanges of gold with other governments so that gold might be introduced into markets without being easily traced to the originating government.
“Because gold is a measure of all currencies, government bonds, and the value of labor, a free gold market is crucial to the freedom of all markets and, indeed, to honest dealing and personal liberty throughout the world,” GATA Chairman William J. Murphy said. “As the nominal holder of the largest official gold reserves in the world and the issuer of the primary world reserve currency, the U.S. government has much to answer for here. No one is more expert in these issues than Ed Vieira, and all GATA wants is the truth. In a democracy that should not be too much to ask.”
In addition to hiring a Washington-area law firm, Murphy said, GATA’s demand for the U.S. government to produce information about its gold reserves probably will lead to litigation under the Freedom of Information Act. So, he added, “We now will be especially grateful for financial contributions to underwrite our legal campaign for the truth.”
GATA is recognized as tax-exempt by the U.S. Internal Revenue Service and contributions to it are federally tax-deductible in the United States. Contributions may be sent to: Gold Anti-Trust Action Committee Inc., c/o Chris Powell, Secretary/Treasurer, 7 Villa Louisa Road, Manchester, Connecticut 06043-7541 USA
I have been privileged to meet Bill Murphy; the folks at GATA are great people. Their choice in retaining my friend, Dr. Edwin Vieira, to file and fight this FOIA (Freedom of Information Act) is one smart move. Edwin is a regular contributor to NWVs, a brilliant writer with a legal mind sharp as a razor. When I say fight, there’s no doubt in my mind the feds will stonewall, lie, obfuscate and do everything in their power to keep this information from we the people. However, Edwin Vieira is a very formidable adversary.
Back in December 2000, I wrote a column titled, “From Riches to Rags in 34 Days” where I wrote the following: “My good friend, Harvey Gordin, is a former Wall Street player (29 years). Harvey owns El Dorado Gold and he keeps me well informed of what’s going on in the world of money and the manipulation of gold. A funny thing has been going on that I discussed with Harvey: How come during the election cycle, Mr. Gore, all his mouthpieces, including the boob tube “experts,” kept telling America that Billy’s administration brought America the strongest economy in 50 years, yet once Gore conceded, we have the media and politicians telling everyone Bush is facing a recession and that it’s his greatest challenge? What? In about 34 days the economy has gone from riches to rags, just like that? What hogwash.”
The truth is that you cannot have a “strong, robust economy” that is based on debt because debt is not prosperity. A nation’s monetary system cannot and will not survive under a fiat currency such as we’ve had shoved down our throats since 1913. This is why so many of us own gold. We know history has a nasty way of repeating itself. This brings me to a recent column which just came out titled, It’s Official: The Crash of the U.S. Economy Has Begun by Richard C. Cook. This column has flooded the Internet. Cook’s so called solution to the monetary crisis facing this country is dangerous. In his column he states:
“Could there ever be a real try at reform, maybe even an attempt just to get back to the New Deal? Since the causes of the crisis are monetary, so would be the solutions. The first step would be for the Federal Reserve System to be abolished as a bank of issue and a transformation of the nation’s credit system into a genuine public utility by the federal government. This way we could rebuild our manufacturing and public infrastructure and develop an income assurance policy that would benefit everyone.”
A return to FDR’s New Deal? Has Mr. Cook never read history? FDR deliberately and with malice of forethought issued the edict: “We desire the Japanese to strike first.” His New Deal so alarmed many, two newspapers had the courage to call it for what it was: Arthur Henning of the Chicago Tribune said, “The New Deal will bring the Communist Party within striking distance of overthrow of the American form of government…” Mark Sullivan of the Buffalo Evening News: “This may be the last presidential election America will have. The New Deal is to America what the early phase of Nazism was to Germany…”
How about this statement Cook makes in the same column: “Times of economic crisis produce international tension and politicians tend to go to war rather than face the economic music. The classic example is the worldwide depression of the 1930s leading to World War II.” A worldwide depression led to WWII? Can he really be that naive? I was appalled when I read that, even though I had already been to Mr. Cook’s site and read one of his speeches, The Basic Income Guarantee and Monetary Reform: A Tale of Two Ideas, where he mentions William Jennings Bryan. William Jenning Bryan, Secretary of State for the United States, should have been indicted for fraud. On May 31, 1913, he concocted a resolution declaring the Seventeenth Amendment to the U.S. Constitution as ratified when he knew it clearly was not. The damage Bryan did has been horrific and he should be soundly comdemned.
Cook goes on to say in this speech:
“The election of 1980 was a watershed in U.S. history. It was a takeover of the policy apparatus of government by the extreme right-wing. This affected every aspect of American politics and culture. Those of us who remained in government but still believed we had a positive role to play in supporting the progressive aspirations of the American people thereafter kept a low profile….. believe that today we are finally seeing the pendulum swing back in the direction of more progressive attitudes as the conservative ideology crashes into ruins. I believe that today we are finally seeing the pendulum swing back in the direction of more progressive attitudes as the conservative ideology crashes into ruins.”
“After a generation of conservative rule, and in spite of three years of a balanced budget at the end of the Clinton presidency, public finance in the United States today is in crisis, if not total collapse. A quarter century of politics devoted to the dismantling of social welfare programs, privatization of public assets, huge tax cuts for the wealthy, continuing export of manufacturing jobs, deregulation of the financial industry, and gigantic expenditures on the war machine have eroded the ability of the federal government to do anything meaningful about income security.”
Pray tell me how Clinton had a balanced budget when the national debt at the conclusion of during his term was $5.7 TRILLION dollars? How do you balance your budget when you’re $5.7 TILLION DOLLARS in the hole? This is just more propaganda. In one of Cook’s columns on solving the monetary problem, he writes: “The remainder of the total societal gap between production and purchasing power would be filled by a non-taxable National Dividend of two types. One would be a cash stipend paid to all citizens which would also serve the purpose of eliminating poverty by providing everyone with a basic income guarantee.”
Tell me Mr. Cook: Where in the U.S. Constitution, specifically Art. 1, Sec. 8, which gives Congress the power to steal from the people’s treasury to pay a stipend to all citizens for any reason and his convoluted “basic income guarantee”? The welfare clause? If that’s your justification, Mr. Cook, you are way off base. “Progressive” is another one of those words used by “liberal Democrats,” but in reality, their political ideology is communism. I submit to you that Cook’s ideas are dangerous and should be discounted. I would also encourage you to read two columns I wrote to better understand “progressives” and their agenda. It is only by learning the under pinnings of the evil being thrust upon us can we hope to save our beloved republic.
I further submit to you that Edwin’s words in one of his Monographs on Money, says it all.
“There is no need, moreover, for Americans to tax their brains to devise some new, supposedly “ideal” systems of money and banking, because the constitutional systems the Founders enacted are, both politically and economically, good ones. As explained above, constitutional money and banking are, for all intents and purposes, free-market money and banking, with a particular form of money (silver and gold coins based on the “dollar” as the unit) fixed for the government.”
There are dozens of columns and news articles coming out everyday on the Internet about the rise in foreclosures, bankruptcies, lay offs and other indications of just how bad the economy really is. Of course, the controlled dominant media also, at the same time, puts out news items about how good the economy is, retail sales are up, they’re down and round and round. I’ve written about this coming crisis for years. If you would like to speak with an expert on owning gold, give Harvey a call at El Dorado Gold; 1.432.264.7869. Protect your assets because the government won’t and you can “take money to the bank on it.” You and your family’s future will depend on it.
I hope you will support GATA’s efforts with Dr. Vieira to expose the chicanery and deceit that has been going on far too long. Please take the time to read the links below from the real experts on the issue of our monetary system. I have read each and everyone over time, along with Edwin’s historical tome, Pieces of Eight (Revised). This is how I have learned over the past 18 years. I’ve had to give up the “good times” because I wanted to know the truth and I needed to learn about central banks and our monetary system in order to understand the bigger picture.