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COMPETING FOR HONESTY

Charleston Voice
Sep. 18, 2005

    Collectively, Americans do not view themselves as a sinful people. But to monopolists such as John D. Rockefeller 'competition is a sin' when your stranglehold on an enterprise is threatened by elements outside your own sphere of influence and control. Competitors to his throne were regarded as sinful people. Monopolists need force, implied or open, to maintain what they may perceive, or more accurately what they want others to perceive, as a natural consequence of events evolving for the public good. To accomplish and attain what they want for their own good they enlist the greatest monopolist of them all - government. Government is legal force. It is their agent for implementation. It's the only game in town. Try setting up your own government and see how far you get.

Americans still harbor the bankrupt notion that competition is still played on a level playing field resulting in free enterprise. Armed militias are viewed by government as a threat to them, not an endangerment to citizens around them. Unarmed Neighborhood Watch committees are little more than tattle-tale societies who report petty disputes to lawfully established police forces. The only Katrina 'first responders' who were heroic in my view were those citizens who at risk to themselves and property did what they could to save and administer aid to their fellow man. Government arrived late, and when they did made it crystal clear that "We're here now. Step aside. We're in charge." Surrogate quasi-private "aid monopolists" such as the Red Cross were granted near exclusive aid-dispensing operations. Gun confiscation, under the guise of 'protecting the public', was instituted to ensure government authority was not threatened. Sure, sniping at anyone is deadly and cruel, especially so when applied to hospitals, but why not hunt down and pursue the criminals instead of taking the guns from the law-abiding? But that's what laws are aren't they - - laws are made for law-abiders, not law-breakers.

con30


The greatest monopoly plum to be had is the government granted authority to create and print a nation's currency. And the Federal Reserve System has it. Our Treasury no longer accepts tobacco and rice as legal tender for all debts public and private. FRN's only. Gold, like negroes of another era, are not permitted here.

Al Qaeda blew it - big time. Let's pray there is no next time, but if there is, the Al Qaeda "target selection committee" may get it right on the next go 'round. Only two blocks over from the Twin Towers, Liberty Street is the Federal Reserve Bank of NY which warehouses 25-30% of sixty of the world's central banks' gold reserves. At least we're told the 8,300-plus tons of gold belonging to others is still there. The NY Fed's web (pdf) site tells us the foreign governments feel it's safer warehoused there and have no reason to distrust the Fed's accounting, or even if the gold is still there. The issue of "trusting" the Fed would be clearer if the expressed security comfort were it to be coming from the people of those foreign nations rather than the central banker government cousins of the Fed itself. It's a reasonable assumption that Arab central banks would choose to store their gold reserves elsewhere taking their cue from the US Government's past history of confiscating ("freezing") the wealth of its enemies.

A student of banking realizing the confidence placed in the Fed for honest accountability - without transparency - can recall the Michigan Act of 1837 in which private banks would move the same specie gold from bank to bank ahead of the government examiner. Hence, the same gold was counted numerous times as inventory. All was well. Are today's bankers now more honest than those of 150 years ago?

Should Al Qaeda have selected the NY Fed as a target the coalition forces' gold reserves may have been vaporized. The NY Fed vault holding this custodial gold is 50 feet below sea level. Instead, Al Qaeda selected the towers of the paper empire where greater loss of innocent life could be achieved. As it turned out, there was NY Mercantile Exchange silver bullion being stored in the Towers. Once realized by the public, the silver price spiked, but calmed down when realized it had been "rescued" from destruction.

conWhat I'm leading up to is this - is not how much gold actually remains, or even to urge an audit, nor to caution of confiscation, but to bring forward for the reader's consideration that the enemies of gold (bankers) may seek through regulation, taxes, penalties, and severe punitive resources to prevent gold's being ever used in exchange as money. I have said repeatedly in previous writings that ownership of anything is not essential if you have control of it. And, looking at our recent past, government has been taking the control route. They have become masters at control. Gun control is a good example. Yes, we still have and own them, but are pretty darn close to not being able to exchange them freely without an oppressive amount of bureaucracy and paperwork. Government buy-back programs haven't worked; only the junk is turned in for the monetary reward. Governments fear guns for the same reasons they fear gold - both are honest competitors to their monopolies. For a gun owner to say "they'll only get my gun if they pry it from my cold dead finger" may end up dying a natural death with his finger wrapped around a trigger of a gun which can't be sold or exchanged without a severe prison term.

Gold poses a threat to the bankers only when it is used as money. Wear all the one pound gold chains you want. Adorn yourself with a gold mask, but don't even think of melting it down into coins as did the Spanish with Pizzaro's Inca gold. The gold moved from being an artifact to a corrupter of men. Beauty was not the attraction of gold ornaments, but what they represented in another form.

conUranium is not money. Although platinum is mistakenly marketed as a precious metal, it is not money either. Neither metal has the time-tested experience as money. Both are scarce with uncertain and unreliable sources of supply (Russia and South Africa), but they do not pose a competitive threat to the monetary elitists as do gold, and to a lesser extent, silver. Could Red China negotiate a trade deal with one or the other? Platinum is strategic. If you own some, and perhaps you should, it's price would appreciate in 'sympathy' with gold, but its real appeal comes as a result of its precarious supply source.

Gold has now come out of its trench and gone onto the minefield before it to assault its foe of five millennia. It is "winning" against all paper competitors before it...for now. But, its enemies have not yet counter-attacked with an arsenal of regulatory decrees, crushing interest rates, legislation, terror, war, imprisonment, and killing the likes of which the world has never seen.

Gold's foes have won all battles since the American Civil War. The most recent, the "Battle of 1980", they won by taking interest rates to 22%. Paper money elitists, and their politically-entrenched co-conspirators, were saved from expulsion. And they did it without ever adding more gold to the reserves! It was won without confiscation. Will interest rates of 50% be enough this time? How many more wars are before us? How many more must die to defend the enemies that rule us?

Competition is, indeed, a sin, but only if you're the one defining competition. As to the outcome no one can know but for an instituted belief that prevails once again, and that will be when paper money is once again regarded as sinfully dishonest.

Know then the inaccuracy in the proverb that "he who owns the gold, makes the rules." For your own sake know that it is really "he that controls the gold, makes the rules."

Think about it.


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