A Gold Standard IS Possible Now
December 18, 2011 in Finance
I realize that something is not true just because it is in a legal document. Therefore, it is possible that the claims in The Dragon Family lawsuit are exaggerated. However, if they are accurate, what would that mean?
This article and the next look at the answers to that question based on two claims made in the lawsuit.
The first claim is that The Dragon Family has thousands of trillions of dollars in bonds. They acquired these bonds in exchange for gold and other precious metals. If this is true, the Federal Reserve has a LOT of gold held in reserve.
In yesterday’s article, I established that, based on 1934 prices, each thousand trillion (quadrillion) dollars in bonds equals more than nine hundred billion tons of gold.
The Dragon Family’s claim of quadrillions of dollars in United States Treasury Bonds translates to trillions of tons of gold. This is much more than Wikipedia or any other source says has ever been mined in the history of humanity. These sources say that the total amount of gold mined in the history of mankind is no more than one hundred sixty-five thousand tons.
The lawsuit also mentions silver and precious metals. The price of these metals in 1934 was lower than the price of gold. Therefore, any metals other than gold exchanged for bonds would increase the tonnage held by the Federal Reserve.
Based on this information, we currently live within two financial systems.
- The Federal Reserve Note (FRN) system based on debt
- The hidden, precious metal system based on gold, silver, and possibly other metals
I’ve written previously about how the FRN system is tenuous. It uses the dollar as the world reserve currency based on agreements made around the 1930s. These agreements have expired.
As far as we know, new agreements have not been made.
Many economic experts believe the dollar (a FRN) is on the verge of collapse. This is also true of the EURO, Europe’s version of a FRN.
Many people have been afraid of what a collapse of these currencies would mean.
My opinion is that it would be the best thing that could happen to us.
This collapse would create a currency vacuum that would be filled by a gold-based currency. It would usher in a new golden age for all of humanity, not just those currently in power.
All it takes is for enough of us to understand the amount of gold that is actually available. With this understanding, we can respond differently to this financial crisis. We will respond with love and knowledge. We will respond with abundance.
Humanity is ready.
The circumstances are aligning.
Oh yes, and if the lawsuit is successful, it will require it.
Really?
Yes, it will and I’ll explain that in my next article.
