It gets old. I
mean really old. And tiring, too. It wears you down. Now it's Eddie George, I
think, the hotshot who calls the plays for the Bank of England who's calling
for the IMF to sell of its supposedly
"hoard" of gold to help the "poor" (read: governments) of
Africa. It doesn't really matter if you get the names right, the central
banks are all participants in the same scam. The custodians change over time,
but the same lies and threats persist.
Pin down a 'gold bug' and you'll discover that his real passion is for what
gold represents, not the gold itself, and that passion is for HONESTY. With
more than half the world's known gold reserves in US Treasury vaults in 1950,
and a dollar that was redeemable in gold to foreigners, America's foreign
trade flourished. We were on top of the world. Our government could sell
their bonds, notes and bills of debt, all redeemable in gold at $35 an ounce,
to foreign central banks which redeemed their US$'s turned in by their own
citizens from their trade with Americans. Receiving US gold from the dollar
exchanges was held as monetary reserves by the foreign central banks for the
issuance of their own domestic currencies. Life was good. The whole world
loved us - for our honesty.
But, then the Great Betrayal took hold. You know what that was. Korea,
Vietnam, The Great Society, guns and butter, UN, foreign aid, and welfare aid
to just about any "cause" you can imagine. In effect, Americans
permitted a transfer of its wealth from those who earned it to those
interests that didn't. And, that is not HONEST.
Governments do that sort of
thing. Always. It was never the government's gold to begin
with. "Ownership" of anything in common collectivism is never
ownership - - it's control.
The more Americans received as handouts from a beneficent government, the
more they were re-elected. He who rewards a whining child with what he/she
wants is a great Dad, isn't he? Hardly. Family heads ordinarily expect a
child to "earn" a special reward. On the other hand, the family is
perhaps the only socialist institution that we can tolerate. It's an
institution whereby special privileges and awards are granted, seldom with
the expectation that reciprocation is forthcoming from its children. A family
is held together with love for one another. Only love is expected in return.
In the absence of "loving thy neighbor" we must expect some degree
of honesty and accountability from him at the least. To say that the world is
a "family" or a "village" of nations is absurd. They are
our neighbors, not our lovers. To be a good neighbor, we pay them promptly
upon mowing our lawn, or compensate them in some other way fairly for helping
us construct our fence. It's what neighbors do. You tend his dog and feed his
fish while he's away, and he'll lend you his trailer when you want to pick up
some supplies from Home Depot. You don't have any sort of a 'mutual defense
treaty', but an understanding that if one is threatened - outside of family
matters - you would come to each other's aid. But - hear this - this
understanding does not extend to the neighborhood across town. We would in no
way commit to come to someone's aid for a purpose undefined. We want to
retain our independence from harm for events that do not threaten our own well being. Life is really that simple. It's the reality
At Christmas time every year we give our mailman Morgan silver dollars. We
don't know what he does with them. Probably sensing they are worth more than
a dollar, he tosses them in his dresser drawer. I do know that I get
exemplary service from him each year though. Why? Because he knows
subconsciously that silver is honest money. He's not unlike a non-practicing
Christian knowing that God exists, because his christian
heritage roots run deep. My mailman has never lived when silver coin
circulated as money, but because of America's long experiments with sound
money, his heritage roots tells him to hold on to the Morgans.
All of this has led up to elucidate that honest Americans are living under a
dishonest government. How can a people professing honesty live under a
leadership that they elect, but rule dishonestly? The answer is, they can't.
This is why Americans, up until now regarded as the most 'honest' of
neighbors, must demand a full and complete physical audit of US Treasury
gold. It's not enough for our leaders to just utter a feeble "No!"
when calls for selling off IMF gold to help anyone. We suspect that there is
no real threat to the selling off "official" gold. The clamor is
just a gong that the bankers bong once in a while as a threat and a reminder
that they do, indeed, have gold. I say they don't have it! There are solid
arguments to be made that the US Treasury gold has now all been transferred
to the private Federal Reserve System to satisfy the debt obligations
contracted with the US Government.
Gold bugs should be clamoring for a full and transparent physical audit for
the world's "official" gold reserves, not pleading and whining
"Oh, please Massa, don't sell off our gold, I be good and use your
We need an honest accounting of our money to restore genuine free trade, not
regulated trade, with nations of our own choosing.
what good neighbors do.