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VIII
The Truth About Gold
When we consider how little real necessity there is for this metal, that apart from certain arts such as dentistry and the jewelry industry, it serves no real purpose which a nation's credit cannot as well supply, that the bulk of the gold when mined is buried in the vaults of banking institutions, one can only regard the laws which have forced its use upon civilization as the product of the grossest ignorance and superstition.
—Sir Edward Holden (before the Liverpool
Banker's Institute, December 18, 1907)
Why the relentless avidity and quest for gold? Hoarders will tell you that it is beautiful, durable, and scarce; but, aside from dentistry and jewelry, who needs it? Even these can do without it. All the gold in the world—above and below ground—won't buy the last loaf of bread, clothe your naked body, or warm your chilled bones.
Gold is an ideal medium for barter, nothing more. Its limited supply can by no stretch of the imagination equal in value the goods and services available to modern society. Were it possible to substantially increase its supply, its intrinsic value would be correspondingly decreased, likewise its utility as a medium of exchange.
"Melt all the gold known to exist above ground—some 96 billion dollar's worth—into a single block, and you'd get a mass [p. 48] about the size of a large barn" (Ernest O. Hauser, Reader's Digest, June, 1973). Is that all this world of ours is worth? To illustrate the exaggerated value of gold in this supposedly enlightened age, we need only consider our own position as a nation. The United States has approximately $10 billion in gold and a national debt in the neighborhood of $450 billion, or 45 times as much— an amount that dwarfs the world supply.
Our second martyred president shared the convictions of Abraham Lincoln. Said James A. Garfield, "Whoever controls the volume of money [presumably with gold] is absolute master of industry and commerce."
How does our modern sophisticated world continue to be deceived, plundered and enslaved by a ridiculous hoax, "crucified on a cross of gold" (The Great Commoner, William Jennings Bryan)?
Neither the quantity nor the intrinsic value of gold is enhanced when gold-based paper is expanded. Be it ever so small, the amount of expansion is counterfeit. The Founding Fathers knew the score—their fledgling nation had been through the wringer. They placed roadblocks to gold in the First Article of the Constitution, which provides that "The Congress shall have power ... to coin money, regulate the value thereof, and of foreign coins, . . . [and] emit bills of credit" (Sections 8-5 and 10-1 respectively.) The Supreme Court has consistently defended these powers of Congress. The Constitution has never been amended to provide otherwise. The Constitution does indeed permit Congress to borrow bona fide money, but not the legalized counterfeit of the banking system.
Please turn back to the first page of Chapter III. The first paragraph describes money with no intrinsic value whatsoever, but backed, dollar for dollar, by the wealth and taxing power of the United States. It is worth more than all the gold in the world (above and below ground). It will never be acceptable, of course, to the banking conspirators because it eliminates the necessity for an ever-growing national debt—their choice instrument for the destruction of free government.
Fellow Americans, you and I have no gold. From 1934 to [p. 49] 1975, we were forbidden by law to have it. Our nation's gold at Fort Knox is mortgaged to the international bankers at 45 times its worth, but is either instance such a catastrophe? Who needs gold? Prior to the Revolution, we prospered without it. Only when England outlawed our colonial script, and enforced her gold standard upon us, did depression and war follow.
Why the present rush for gold while the real wealth of the nation—land and factory—is being concentrated (via the national debt) in the hands of international bankers? Highly regarded institutions and financial advisors are screaming: "Get your money out of the country. Convert it to gold." In fact, "Get out of the country yourselves."
Stop for one moment to ponder the disregard of these "patriots" for their country, and for 200 million other Americans whose economy they would plunder and destroy. The disaster following such a course (unless we stop it) needs no elaboration. If we allow it, we deserve it I
Our only economic salvation lies in God and the Constitution He gave us. We must return to both without further delay. Congress must reassume its responsibility under that constitution, issue the people's money and "regulate the value thereof"—hold it in line with our gross national product. Let the inflators of our money take their counterfeit abroad, along with the machinery that created it. Let them convert it to gold if they wish. We might even subsidize their exodus with any gold we do not need for science, art, and industrial purposes. Unless we take such a course rather immediately, we face economic collapse.
If our money must be backed by the real wealth of the country, as indeed it should, then why—in God's holy name—don't we issue and control it ourselves? why use the nation's wealth and taxing power to back bankers' counterfeit or international banker's gold?
If we cannot find—and elect—representatives who will uphold the Constitution they are sworn to support, we have had it as a Republic.
Those who would flee our country in the time of its distress—taking along their ill-gotten title to its wealth—are the [p. 50] spawn of international bankers, the selfsame described by the French economist, Seigfried, in the 18th century: ""They know no boundaries, no flag, no creed, no color, no tongue, and no ethics, but speak the international language of exploitation and tyranny."
* * *
Dr. Adam Weishaupt, founder of the Illuminati, sat out with fellow conspirators in 1776 to eradicate freedom and religion from the face of the earth. They planned their campaign on a well-conceived theory that a combination of liberalism and insatiable human nature must eventually culminate in civic irresponsibility, collusion and crime which would make dictatorship mandatory. Hence their strategy: Promote liberalism in all its facets—sex and crime included; then, when the inevitable crisis develops, apply godless dictatorship and police state with a vengence. That same conspiracy is alive and thriving today as our nation is unwittingly being lured into the trap. [p. 51]
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