Sell gold | Our Government WANTS to Destroy Our Gold Treasury | Adask's law

Sell gold | Our Government WANTS to Destroy Our <b>Gold</b> Treasury | Adask&#39;s law

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Our Government WANTS to Destroy Our <b>Gold</b> Treasury | Adask&#39;s law Posted: 17 Jun 2014 08:09 AM PDT Quoth the bankers: "Nevermore"? [courtesy Google Images] It's nearly three years since gold peaked at $1900/ounce.  Today, it's about $1,270.  Since the A.D. 2011, $1900 peak, the price of gold has fallen 33%. This prolonged fall has been incomprehensible to me.  I can understand a "correction".  I can understand that gold might fall, say, 30%.  But I'd expect that after gold fell 30%, "fundamentals" would quickly cause gold to rebound to ever-higher levels. However, I could not understand (until now) why gold would linger at current low levels despite all the fundamentals that I believe should be pushing gold ever higher–even now. For example, one "fundamental" (at least, to my mind) is the fact that our government needs inflation to repudiate part of the enormous national debt and thereby allow government to repay its debts with "cheaper" dollars. That's why the price of gold (though manipulated) was allowed to rise 20% per year for most of a decade before the A.D. 2011 peak.  The "manipulation" didn't push gold down, per se, but it prevented it from rising as quickly as it might have.  The rising price of gold confirmed that inflation was present, the fiat dollar was losing value, and the national debt was being partially repudiated. Given government's "fundamental" need to repudiate at least part of the national debt by means of inflation, it made sense to me that government would allow the price of gold to rise at, say, 20% per year–but not 30% or 50%. But then gov-co knocked gold down from $1,900 to today's $1,270 and has held it at these low levels.  That's evidence of growing value of the fiat dollar.  That's evidence of deflation which is anathema to economic growth. Holding the price of gold down contributes to an increase in the value of the fiat dollar and therefore an increase in the purchasing power of the national debt.  Holding the price of gold down contributes to deflation which causes economic decline. So, it's made no sense to me that the government has depressed the price of gold for most of three years.  Doing so appeared to me to be contrary to government's own interests. Worse, it's been supposed that the downward manipulation of gold prices may have been achieved by government secretly selling some or most of the 8,200 tons of gold allegedly held in the US Treasury into the commodities markets at low, low, prices.  Why sell the US Treasury's gold?  To maintain the illusion that the fiat dollar still have strong purchasing power and value.  They sold the gold to protect the dollar. I considered those suspicions and marveled that government could be so damn dumb that they'd sell off America's gold treasury at artificially reduced prices in order to temporarily protect and sustain the perceived value of the intrinsically-worthless fiat dollar.  Gov-co appeared to be literally giving our gold away to temporarily support the fiat dollar.  Didn't they know that, inevitably, the markets would consume every damn gram of gold held in the US Treasury?  Didn't they understand that the fiat dollar was inevitably doomed to die?  And why were they selling "our" gold to foreign entities (like China?) rather than, at least, to the American people? On reflection, I realize that the previous questions weren't evidence of the government's ignorance, but rather, of mine. Of course (if they are truly selling off the US Treasury's gold), the government knows that soon that Treasury will soon be empty.  Of course, they know. So, why are the selling US gold? Because that just might be exactly what they want–a US Treasury devoid of gold. Why? Clearly, government knows that the fiat dollar (like every other fiat currency) must eventually collapse in value.  Maybe this year.  Maybe five years from now.  But, inevitably, the fiat dollar must die. I presume government also knows that once the fiat dollar dies, the American people will go through so much economic trauma that they'll be actually forced to learn what the terms "fiat dollar" and "fiat currency" mean.  (Imagine!  An economic depression so severe that Americans are forced actually learn something!  Scary thought, hmm?) Once Americans associate the term "fiat dollars" with economic trauma, they'll be extremely reluctant to agree to replace today's "fiat dollar" with another new-and-improved "fiat currency".  Instead, there'll be a significant public demand for a new, gold-backed currency.   The Powers That Be might not be able to resist that public demand in the arena of public opinion.  If public demand were sufficiently strong, we might actually get a gold-based currency. But if America's public demand for a gold-based currency couldn't be defeated politically, the entire, global, fiat-currency system would probably be destroyed.   That fiat currency system is the foundation for big government and the New World Order.  If the world goes back to a gold-based monetary system, big government and the New World Order will die. From the New World Order's perspective, if the United States couldn't reestablish a gold-based currency, it's also unlikely that any other nation (including China) could do so, except at a fantastic price of, say, $50,000/ounce, for physical gold. But, assuming that the Powers That Be are most concerned with the United States reverting a gold-based currency (after all, gold and silver are expressly mandated at Article 1.10.1 of the US Constitution), the simplest way to prevent the American people from having a gold-based currency is to remove all gold from the US Treasury. If America has no gold, America can't back its currency with gold. If American has no gold, there can't be a gold-backed US currency. No matter how loudly the American people might scream, shout and demand a return to gold-based currency–they can't possibly have one, if the US Treasury has been completely depleted of all of its gold. •  Of course, despite our strong suspicions, we don't yet absolutely know that the federal government has secretly sold off most of the US Treasury of gold.  But if our gold treasury has been virtually depleted (which, previously, seemed irrational to me), that secret sale now makes sense as a means to preempt any political movement in the United States to reestablish a gold-based currency. The current fiat dollar may die, but if America has no gold, our next currency must be another fiat currency.  It might be a pink paper dollar issued by the federal government.  It might be an "Amero" issued by the North American Union.   It might be some sort of "Special Drawing Rights" issued by the New World Order. But if the US Treasury has secretly sold all or most of America's 8,200 tons of gold, there can't be another US currency that's backed by gold unless and until our Treasury is restocked with 10,000 to 20,000 tons of gold–and how could that happen without first rebuilding America's former industrial prowess? The truth is that most of the US 8,200 tons of of gold in the US Treasury was accumulated as a result of World War II.  The rest of the Western world was devastated by war.  America was the only productive nation that was still intact.  We made a killing in international trade and stocked up several thousand tons of gold.  I doubt that America could ever repeat that performance except in the context of another World War where, again, the industrial capacity of most of the world was destroyed, but the US industrial capacity remained unscathed. A World War that destroys foreign industry but leaves American industry intact is no longer conceivable. Implication:  If most of the US Treasury of gold has been secretly sold, we will probably never again see gold in the US Treasury rebuilt to the 8,200 ton level.  If so, we'll not see another US currency that's backed by gold.  Ever. •I could be wrong, but I'm almost convinced that our government and the New World Order are intentionally selling all of our gold at bargain-basement prices to ensure that it's impossible for America to replace the current fiat dollar with a new US dollar that's backed by gold.  Without a huge supply of gold in the US Treasury–unless we are prepared to engage in a shooting revolution–we'll be condemned to live in a fiat world far into the future and remain subject to the power and control of those who print and/or issue the global fiat currency. Contrary to what I'd previously supposed, the government isn't selling America's gold to protect the US fiat dollar.  They'll let the fiat dollar die.  And probably not so long from now.  The dollar is disposable.  The global, fiat monetary system is not.  They're selling US gold to protect the global, fiat-currency system against America's possible return to a gold-based currency. If the US Treasury's gold is gone, that loss will preempt any attempt to return to a US gold standard. For me and for now, that's the only explanation that makes sense for the past two and half years of gold's decline.

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