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.


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58 comments:

  1. HOODPHENOMENOM5 June 2011 at 07:42

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

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  2. Pool Fool5 June 2011 at 07:46

    good article was interesting to read

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  3. freightblog5 June 2011 at 08:07

    very interesting videos !!!

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  4. Speedy Ed5 June 2011 at 08:54

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

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  5. Dejch5 June 2011 at 09:09

    zeitgeist movies are the best!

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  6. sp3nny5 June 2011 at 09:56

    very interesting!

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  7. DFP5 June 2011 at 09:58

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

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  8. Xenototh5 June 2011 at 11:34

    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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  9. Malkavian5 June 2011 at 12:12

    Damn, Zeithgeist is right as always.

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  10. BTN Hip Hop5 June 2011 at 12:39

    man zeitgeist is such an awesome film.

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  11. Anonymous5 June 2011 at 12:54

    this is a blog mmmm

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  12. 1235 June 2011 at 13:46

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

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  13. Jesse Crows5 June 2011 at 14:04

    golden post right here

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  14. Jblogger5 June 2011 at 14:28

    nice post

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  15. ed5 June 2011 at 14:31

    its ok, everything is still good

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  16. Potholderz5 June 2011 at 14:53

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

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  17. Tommy.-5 June 2011 at 15:21

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

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  18. Zip5 June 2011 at 15:47

    The last one was quite eye opening.

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  19. Kelly5 June 2011 at 16:15

    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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  20. Kicking Rocks5 June 2011 at 17:18

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

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  21. T. Roger Thomas5 June 2011 at 19:35

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

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  22. Anonymous5 June 2011 at 20:33

    this is a blog mmmm

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  23. Melanie5 June 2011 at 20:39

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

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  24. Bart5 June 2011 at 22:07

    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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  25. JayPower5 June 2011 at 23:22

    Veryy interesting, i smell a conspiracy! ;D

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  26. Anonymous6 June 2011 at 02:10

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

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  27. Anonymous6 June 2011 at 04:34

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

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  28. Moobeat6 June 2011 at 06:21

    great post

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  29. wastrel6 June 2011 at 07:55

    corruption everywhere always.

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  30. T. Banacek6 June 2011 at 07:58

    Goooooooooooold!

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  31. Blk Jesus6 June 2011 at 09:27

    wow very interesting

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  32. randomer6 June 2011 at 10:26

    Interesting, currency has always been such a complex thing.

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  33. Mike6 June 2011 at 12:08

    That's very eye-opening.

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  34. Anonymous6 June 2011 at 12:20

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

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  35. Anonymous6 June 2011 at 12:20

    btw following you i hope you post daily!

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  36. MuteMath Fan6 June 2011 at 12:50

    Very interesting. Great info. Thanks!

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  37. HiFi6 June 2011 at 13:41

    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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  38. RedHeadRob6 June 2011 at 13:46

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

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  39. Chain6 June 2011 at 14:10

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

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  40. Patrick S6 June 2011 at 16:02

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

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  41. Sean6 June 2011 at 16:19

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

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  42. Whitelight6 June 2011 at 16:39

    Realy interesting!

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  43. m.m.6 June 2011 at 17:05

    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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  44. Jay6 June 2011 at 17:12

    time to switch to euros.

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  45. pixel6 June 2011 at 17:52

    geez, this is all so scary

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  46. Astronomy Pirate6 June 2011 at 17:58

    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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  47. Bart6 June 2011 at 19:31

    when u going to hit the streets?!

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  48. Finding Cheap Homes6 June 2011 at 23:12

    Ron Paul 2012!

    Can't wait to vote, man!

    Keep up the great post!

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  49. Terminally Ill7 June 2011 at 01:06

    SIQ POST BRO!!!!!

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  50. Solsby Kid7 June 2011 at 05:03

    Great videos! Love the blog! :D

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  51. Vince^_^7 June 2011 at 09:22

    Mindblowing, really is.

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  52. Triper7 June 2011 at 10:15

    Good point of view!, very interesting reading,.

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  53. Jay Reid7 June 2011 at 10:30

    Interesting.

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  54. 黄清华 Wong Ching Wah8 June 2011 at 16:49

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

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  55. Lisa10 June 2011 at 10:34

    Go Ron Paul 2012!

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  56. Desktoper10 June 2011 at 14:26

    Wow thanks alot for the insight!

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  57. Dola12 June 2011 at 22:17

    interesting vid =D

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  58. Lisa13 June 2011 at 20:24

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

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