Sunday, 5 June 2011

American Gold

I read an interesting article on whatreallyhappened.com about the amount of gold the Federal Reserve has claim to. I have heard claims that they have no gold to back up the American dollar and are printing money for fun. Apparently this is no claim and has been confirmed in an exchange between Federal Reserve lawyer Scott Alvarez and committee chairman Dr. Ron Paul. An exert from the article explains:

"After 1934, Alvarez explains that the Fed handed its gold over to the Treasury in exchange for gold certificates. When pressed further, Alvarez noted that the gold certificates do not represent any interest whatsoever in the gold itself. He explained the gold certificate listings on the Fed balance sheet, not as a claim to gold, but at most a claim to dollars from the Treasury."

You can read the original article here.

I'll post some videos on the federal reserve here for anyone, if there is any, who doesn't know how they operate. Two of the videos are from the either one of the Zeitgeist movies. I know not everyone is a fan of them but they are informative.


58 comments:

  1. Arggg I hate Zeitgeist movies, they sound like propaganda... the article is interesting though !
    :)

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  2. good article was interesting to read

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  3. got some great videos here dude, always wanted to know the truth about inflation ;) Followed !

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  4. zeitgeist movies are the best!

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  5. Yup, money is basically worth what people will pay for it, which is some strange kind of logic.

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  6. Zeitgeist is a bit weak standing on its own, and they got called on a lot of their claims. I remember watching a show on discovery about the gold, and they did open the vaults and there was gold in there. Sure, they could have faked it, but you would never know unless you walked in yourself and tested it. Either way, as long as people have faith that money has value, that is all it needs.

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  7. Damn, Zeithgeist is right as always.

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  8. man zeitgeist is such an awesome film.

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  9. that would be a lot of gold if it's there

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  10. its ok, everything is still good

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  11. I'm honestly not a fan of Zeitgeist, but i've heard this for a while now.

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  12. i havent seen a zeigeist movie, but now im interested. Thank you for this article!

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  13. The last one was quite eye opening.

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  14. Having watched the Zeitgeist movies, before, I surmised that any or all the the scenarios they present could be true. They said some things that could be propaganda- but then- so does our government and the governments of other nations. To ignore what was said in the videos is stupid, too.

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  15. i Hate inflation, it fucks up the money value!!

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  16. One could argue that there is nothing inherently valuable about gold either.

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  17. honestly, it would not surprise me one bit if there was no gold there.

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  18. yes this is true, but kinda sounds lil pansy ass-isht. like what ever happened to the mentality of being a man and being able to make money for being awesome. no matter wat.

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  19. Veryy interesting, i smell a conspiracy! ;D

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  20. I'll give this zeitgeist a chance, looks interesting.

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  21. I think the US economy is probably going to get a bit worse before it gets any better

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  22. corruption everywhere always.

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  23. Interesting, currency has always been such a complex thing.

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  24. That's very eye-opening.

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  25. wow, the truth about inflation really shocked me....

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  26. btw following you i hope you post daily!

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  27. Blows my mind how much money you save due to the lag between the treasury and the liquor store check out counter, but then again your assets lose value at the end of the day so it all evens out!

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  28. America has been in trouble since the first generation of big business had kids, greedy greedy kids.

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  29. u speak the truth, I can so much agree on this :) Im gonna follow

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  30. I've seen part of Zeitgeist. Very interesting stuff.

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  31. I bet you they lie about how much gold they actually have. I know I would

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  32. American currency hasn't been backed by gold for ages. So, this isn't new. The good news is that all of the world's trading and currency is usually measured by the American dollar, and the Euro and Yen to a lesser extent.

    A long time ago, coins were made with real silver and gold, so when you traded currency, the actual coins had value.

    There wasn't enough silver and gold to put into circulation, so paper notes were invented, but each paper note could be traded in at the bank for its worth in gold.

    But there wasn't enough gold to back up each dollar in circulation, and now the dollar is worth it's value on the market.

    All currencies are traded in global markets, and its trade value is what determines its worth. Stronger economies produce stronger currencies, and America has the largest economy in the world.

    Learn to economics.

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  33. time to switch to euros.

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  34. geez, this is all so scary

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  35. I don't care for the Zeitgeist movies at all. And the gold thing isn't really a big deal. The Federal Reserve is still scum though, mostly because they have been given such a tight control over the economic well being of our country.

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  36. when u going to hit the streets?!

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  37. Ron Paul 2012!

    Can't wait to vote, man!

    Keep up the great post!

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  38. Great videos! Love the blog! :D

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  39. Good point of view!, very interesting reading,.

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  40. Money does come from Thin Air ... Amazing video !

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  41. Wow thanks alot for the insight!

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  42. I liked the Zeitgeist movies... flaws and all.

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