Could Gold Be Recalled Once Again?
-- by Hank Patrick, Founder of Liberty League
The mere mention of the name Franklin Delano Roosevelt should inspire every real American to visit his shiny new taxpayer-funded memorial in the District of Corruption ... and spit on it.
In 1933, this depraved, megalomaniac tool of the Bolsheviks signed an executive order banning the holding of private gold by Americans. Of course, FDR's fiat decree exempted foreigners, including friends of the international banksters who controlled him via their collective arm up his a** like a Charlie McCarthy dummy.
Most Americans, being largely uninformed and essentially clueless then as now, actually believed that executive orders pertain to citizens (they don't -- see Article I, Section 1 of the Constitution) and dutifully turned in their meager hoards of the yellow metal. Hank's grandfather didn't. He hid it for nearly 40 years, until Tricky Dick said it was OK again.
Years later, an aging, sickly Franklin Roosevelt -- a name that will one day live in infamy -- was shot in the face by his portrait artist, a Russian. The murder was covered up in a closed-casket funeral. Some say Eleanor was in on it. Maybe Hillary who is said to have consulted the same medium could fill us in.
Today, in anticipation of the coming economic deflation and stock market debacle (read Robert Prechter's new book, "Conquer The Crash"), patriots everywhere are stockpiling gold and silver like there's no tomorrow.
But not Osama bin Boogieman. Nope. The cave-dwelling mastermind (who is probably sunning on the Riviera, all expenses paid, compliments of the CIA) has allegedly instructed his organization to get out of the banks, worldwide, and instead move into gold and precious gems.
No flies on that Osama, nosiree. After all, why allow the Büshreich and their global minions (shades of the Flying Monkeys in the Wizard of Oz) to throttle your bank accounts and bleed you dry when precious bullion can be driven around in rental cars and Fedexed or UPS'ed by phony front companies posing as scrap metal dealers, small machine shops, etc.?
Not to mention investment grade diamonds, emeralds, rubies and sapphires that compact far more value than gold into a tiny physical volume and can be slipped right past the airport security nazis by your grandmother, Fatima, as wearable jewelry -- or in a small tube smuggled in your friend, Mohammed's, er, body cavity (shades of the movie "Papillon"), making Mohammed the Million Dollar Man, while poor Peter Patriot (who was the next guy in line and tried to sneak through a small gold coin sewed into his belt) set off every alarm in the airport.
Could the Büshreich decide one day soon that the coolest new way to beat the "Evildoers" and "win the War On Terrorism" (by becoming, what, an even bigger Terrorist?) is to thwart Osama at his own game and ban private ownership of gold once again?
What would happen if Dubya pulled an FDR and again banned private ownership of gold -- and you couldn't even ADMIT to owning any of the "barbarous" metal, let alone cash some in at a local coin dealer?
Hank recommends diversification in all things, always, at all times, under all conditions. Get the point?
Keep 10% of your private wealth holdings (or at least 6 months worth of living expenses) in "cash" Federal Reserve Notes, but get rid of the older coupons and trade them in for the newer "big head" bills. Word is that the Fed will be coming out with even weirder looking colored paper money starting next year, no doubt to compete with the cosmopolitan Euro. This could possibly be the beginning stages of a "blocked currency", where two versions of the FRN are allowed to circulate -- an international version that (pretty much) holds its value against the Yen and the Euro, while a domestic version (with an even uglier Lincoln) is allowed to tank like a rock.
Back to your "rainy day" plans. Keep another 20-30% in gold and silver coins in small denominations. What good will a one-ounce gold coin do you if paper has crashed, looters are rioting in the streets, and gold is worth $5,000 per ounce? Can you barter THAT for a tank of gas or a carriage full of groceries?
Keep the balance in investor grade precious gems. You can bury them in the backyard where they will be invisible to metal detectors and transparent to ground penetrating radar (a diamond is, after all, just a "see through rock").
And don't
forget 6 months worth of food, ammunition, toilet paper, trash bags (to line
that bucket with), past issues of THE RESISTER ... you
get the picture.
Just dig out your old Gary North "Y2K" e-mails and follow instructions.
This time, you may really need them. Read Prechter's book (see above) and be
worried ... be very worried ... UNLESS ...
You get a jump on the financial cataclysm to come by, for example, building
your personal Liberty League organization and regularly stuffing your mailbox
with FRN's. You'll be able to pick up properties for "pennies on the dollar" a
few years from now, after the real estate bubble has found the pin.