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White House Petition To Publicly Assay And Validate The US Treasury's 8,100 Tons Of Gold
In the past few weeks there has been a veritable explosion of White House petitions ranging from the bizarre to the surreal to the outright absurd, including such demands as Texas (and other southern states) seceding, deporting Piers Morgan, not deporting Piers Morgan, creating a Joe Biden sitcom, and even making a total mockery out of the US, and global, monetary system and evading the debt ceiling using a cheap, platinum coin-based parlor trick.
All of these are, for lack of a better word, a la carte distractions launched by bored American citizens, meant to evade the menial drudgery of everyday life, and, generally, reality. In short: entertainment. And, logically, virtually none have so far contained actual, actionable provisions, that stood to benefit all Americans, instead of just one half of the ideological or party split. At least not until a new petition appeared two days ago, one demanding that the administration do something that has never been done on the public record: perform an assayed public audit of all the 8,100 tons of gold owned by the US Treasury. And not just any audit, but one including "professional auditors outside of the Mint, Treasury, GAO, Inspector General and Federal Reserve system."
That is one petition, which unlike all the other gimmicky wastes of time, that we (and certainly the German people if not the Bundesbank) would wholeheartedly endorse, and one which we hope promptly crosses the 25,000 signature threshold needed for a formal response from the White House.
Sadly, the response will be one denying what the people demand, but it will be interesting to see just what excuse the White House uses to shoot down an idea that is far more worthy of people's time and attention than "minting" coins whose only real symbolism is that America is flat broke.
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Good one.
I thought the same thing, I almost signed up until that last "copy and paste" this monster long text to the box!!
Wait, is that a drone, outside
PLira. Stop shilling and chilling. The thing that has seen the most heavy inflation the last years has been the definition of terrorism. Grow a pair and sign it.
Your post clearly shows that you are a hardend thought criminal and a terrorist already. You are already wet so to speak.
Get your own personal reservation to Camp FEMA today. Camp FEMA is much more than a brief outing close to nature, it's a most righteous way of life. We offer 3 hots, a cot and a chance to do creative manual labor on behalf of today's neo-progressive liberal fascist regime. Have your mind reoriented by the world's most eminent propagandists while you relax in our renowned sensory deprivation chambers before "hitting the showers".
Simply sign any one of our designated name catcher petitions to instantly secure your own personal cot. Operators are NOT standing by - order now!
Is this our equivalent of a Soviet show trial from the 1930's?
Instead we'll get more of the Joe and Barry sitcom.
Yeah, these guys are nowhere near as funny as the Dick 'n W show was...
I am with you on that one Flak. Cheney shoots a dude and lives off babies, while W added a new word to the language each day.
Of course they also started the ball rolling on killing many millions of brown peeps around the world, but for the comedy, W was right there with Clinton.
Sex? Come on now, down South everyone knows that Eatin ain't Cheatin!
pods
Do we go the Jim Rickards SDR route before full blown currency collapse or do we just collapse?
Can anyone explain the 'twitter war' btw Zerohedge and Rickards?
Anyone that comes out against Zerohedge (as Rickards has) cannot be trusted.
I had no idea that there is a twitter war.
I think Rickards thinks the Euro holds up. Maybe that is where they differ.
Who the fuck pays any attention to twitter, facebook, whatever?
Jesus people... don't piss and moan about privacy.
wha'?? yer not signed up for Tyler-Tweets yet??
where's your loyalty?
Twitter & Facefuck accounts are for amateurs, don’t lose sleep over an insignificant feud.
Audit the gold? How dare you question our integrity!
Talk about a bunch of ungrateful swine. We bailed you out! If it weren't for our food stamps you would be nothing! If we hadn't printed money for AIG, Chrysler, GM and the banks most of you working for minimum wage wouldn't have a job!
It is time you all learned how to bow before your masters who feed, protect, educate and shelter you.
Regards
The Fed, White House, Congress, SCOTUS and Fortune 500 .
ps Don't bother us with your bull shit. We got better things to do like find those hookers in Cartagena.
Whoops, wrong thread.
Are you saying the petition to create the trillion dollar twinkie doesn't hold equal merit?
http://wh.gov/PPzgclassic...
"As we push up against the debt ceiling, unrealistic proposals like spending restraint must be cast aside. By creating the trillion dollar Twinkie, we would avert default and continue on the course of our recent economic glory."
Another opportunity for WB.
With Hostess going bunk, why not stack the halls of Knox with Twinkies? Those things last forever. They are gold color, (yellow but the cows don't care). With each passing day there is more consumed by the cows, making them scarce. You cannot dig them out of the ground for $5. All we need to do is scrub the internet of the recipe and put the ones in the "know" at camp #7. Problem solved. Real monieeeeeeeeeeeeeeee.
They will find all the gold they say we have. If they don't were fucked.
Haha, fat chance on that one............
Cash For Gold sends Fort Knox $85, Timmeh is pissed
http://dailybail.com/home/fort-knox-receives-just-85-from-cash4gold.html
Calling on The One to comment on an audit of the Peoples gold is a little like calling on the fox to devulge how many chickens he ate.
Oh, by the way, David Gregory WILL NOT be charged with a DC firearms violation.
Surprised?
"WASHINGTON — NBC journalist David Gregory won't face charges for displaying a high-capacity ammunition magazine on his "Meet the Press" news program last month, District of Columbia prosecutors announced Friday.
The city's Office of the Attorney General, which handles low-level crimes, said criminal charges wouldn't serve the public's best interests even though possession of the magazine — capable of holding up to 30 rounds of ammunition — was clearly against local gun laws.
"Influencing our judgment in this case, among other things, is our recognition that the intent of the temporary possession and short display of the magazine was to promote the First Amendment purpose of informing an ongoing public debate about firearms policy in the United States, especially while this subject was foremost in the minds of the public" after the Connecticut school massacre and President Barack Obama's address to the nation, D.C. Attorney General Irvin Nathan wrote a lawyer for NBC."
http://www.nypost.com/p/news/national/no_charges_for_nbc_host_david_gregory_GC7CW5JjjHm7mwNmBqmHAI
Ahhh, I see.
So as long as anyone doesn't intend to use said contraband its perfectly legal to buy, transport, smuggle or possess said contraband within DC.
Thanks for the clarification of elitist law vs common law.
OK, waayyyy to much Dimple Pinch for this but what the hell:
Three Kings looking for pie in the sky, (Obama, Benny, Geithner)
Seven of the dwarf-minded in their halls of stone, (Boehner, Pelosi, Reid, Schumer, Feinstein, Boxer, Nadler)
Fine for Mortal Men doomed to die,
One for the (half) Darky Lord on his dark throne,
In the Land of Fascists, where the Elitist’s buy.
One set of laws to exclude them all, One Ben to find them,
One rule to protect them all and in their greediness bind them,
In the land of Fascism where TPTB lie…
;-)
You transposed lie & die.
I suppose that gives us 'regular Joes' a 'happy ending'!
No matter the timeline, the happy ending, signals the drop...lol.
+100.
Maybe the faggot will get robbed. No, wait, unlike the Proles, he has an Armed Bodyguard.
Commie liberals would vote for Reagan before they would touch trigger; however, they don't mind paying Someone Else to do their dirty work. Evry now and then, though , you find a guy like Che who really enjoyed wetwork.
**************
Then, again, maybe Bloomie has a secret undergound showroom of thousands of weapons going back to the earliest days of the Talmud including hebrew torture devices.
"temporary possession"
Now how the fuck, considering that David might just own a few of the rifles capable of accepting such magazine, do they know it was temporary?
They search his house, question him, lie detector? What happened?
Tell me that.
Fucking all part of the OneandTheSame Messiah Propaganda Network.
The saga of "DC Just-Us" as it relates to common man vs the elite man is not going unnoticed or unremarked on...still more...the strange case of Mr.Binkley (a commoner)...
"Despite the evidence Mr. Brinkley had been legally transporting the gun, his attorney Richard Gardiner said the D.C. Office of the Attorney General “wouldn’t drop it.” This is the same office now showing apparent reluctance to charge Mr. Gregory.
Mr. Brinkley refused to take a plea bargain and admit guilt, so the matter went to trial Dec. 4. The judge sided with Mr. Brinkley, saying he had met the burden of proof that he was legally transporting. Mr. Brinkley was found not guilty on all firearms-related charges, including for the “high-capacity” magazines, and he was left with a $50 traffic ticket."
So, the commoner has the added expense of hiring a lawyer, expending his time & energies whereas all David Gregory's old lady does is pick up the phone in her LAW OFFICE and phones her aquiantances over at the prosecutors office.
How nice.
"Secret Service spokesman Ed Donovan told The Washington Times, “We feel it was a valid arrest, and the appropriate charges were brought.” Moments later, a spokesman for the D.C. attorney general's office, Ted Gest, called and provided the exact same quote. Mr. Gest added that, despite Mr. Brinkley’s acquittal, the ruling “doesn’t mean the judge is right, and we’re wrong.”
Actually, it does you fucking bozo.
"Mr. Brinkley believes the “Meet the Press” anchor is receiving special treatment because of his high-profile job. “I’m an average person,” Mr. Brinkley said in an exclusive interview with The Washington Times. “There seems to be a law for us and a law for the upper echelon.”
Well stated Mr.Binkley, well stated.
http://www.washingtontimes.com/news/2013/jan/4/if-youre-not-david-gregory/
//////////////////////////////
And who could these two people be (page 58, bottom left photograph)?
Why, yes it is...its Gregory's wife smiling with the man who refused to prosecute her husband...how nice ;-)
http://www.shakespearetheatre.org/_pdf/1011AR_lowres.pdf
WTF.?. How much more in your face can it get?
They can run but they cannot hide.
“Rememeber this. The people you're trying to step on, we're everyone you depend on. We're the people who do your laundry and cook your food and serve your dinner. We make your bed. We guard you while you're asleep. We drive the ambulances. We direct your call. We are cooks and taxi drivers and we know everything about you. We process your insurance claims and credit card charges. We control every part of your life.
We are the middle children of history, raised by television to believe that someday we'll be millionaires and movie stars and rock stars, but we won't. And we're just learning this fact. So don't fuck with us.”
You didn't build that pettiion... somebody else did.
Maybe we could get Geraldo dolled up with Bernanky and they could make a shockumentary about it. They could hustle out old Bushie and they could all get a looksie at the handwritten, spooge stained IOU signed by Billy Clinton.
I am creating a petition as well...actually 4
1) To bring back the Gold standard
2) To remove the MLK holiday
3) To ban umpires from baseball
4) To have those cocksuckers Corzine, Bernanke and Hillary Clinton shave their fuckin beards off....oh shit my bad...Hillary is not a cocksucker
Just amend it to "make Hillary get rid of her beard, Bill."
But Hillary does eat much bearded clam. Or so I heard from friends down Arkansas way. How about a petition that she abstain for lent.
al la carte. That says it all. ¶
Regardless of the result, they will just trot out Antonio Villarigosa to tell everyone that they have already made up their mind as to what they are going to do.
They will agree to the petition, and then show the independent auditors one bar of
gold plated tungsten alongside a picture of their loved ones. An understanding will be
reached and 8100 tons will be assessed in record time.
8100 hundred tons of paper napkins with IOU written them is the equivalent of a trillion dollar platinum coin. The CFTC woke up from their slumber for a brief moment to issue that diktat and then fell right back to sleep again.
I could care less how much gold is in fort Knox. I am much more concerned about how much gold is lying in rivers and lakes all over America, carefully lost by real American citizens. As long as we have some idea where our gold lies, who cares what the government controls?
Do we really think they would use it for OUR benefit?
Wait! What's this?!?
Its Krugman's coin over here in the corner under the corner of the tarp...all's well!!!
Sayanara, Do your homework. 2013 is going to be a currency trading (Disney Land).
The only thing these petitions do, is give Obama something to chuckle at.
"Oh, look at this one.....they want an audit of Ft Knox...... lol, isn't that precious?"
They dont give a fuck......never will.
" from the bizarre to the surreal to the outright absurd, including such demands as Texas (and other southern states) seceding"
What exactly is bizarre, surreal or absurd about secession (if that's what you meant)
Secession will be the only viable option outside of civil war in a couple of years.
Wait, this looks like it's straight from The Tylers, and yet it starts off with "...White House petitions ranging from the bizarre to the surreal to the outright absurd, including such demands as Texas (and other southern states) seceding..."
WTF?
Leviathan is hauling us out to sea like Gregory Peck and crew in Moby Dick -- http://www.youtube.com/watch?v=ryIK9TLAoAs -- as if harpoon-chucking voters can control the beast, and secession is "outright absurd"?
Check our roots, Tylers, and ask yourselves how much more tyranny we're supposed to suffer through before the Amercian Union follows its Soviet predecessor into the dustbin of history.
This just in:
http://dailycaller.com/2013/01/11/hannity-foresees-states-leaving-union-...
Understand, I don't care why; I just care that. Meaning that the mere threat of secession becomes real enough that the USG is forced to respond, one way or another, and that Americans are at long last confronted with a viable alternative to the status quo.
Its gone MSM now.
Maybe Hannity will be Becked or Napolitanoed now.
Peersonally I find Hannity an obnoxiuos hypocrite,but he does have a big following.
The First civil war took a while to brew before seccession.With the net, and TV ,not
this time around.
I have hated Hanity since he belittled Dr. Paul in '08. Nice he is finally smelling the coffee-
5 years late.
Now why is it nowhere can you find the media explaining the truth about why Americans are buying guns??
They fear the government.
It is the biggest worry of all informed people.
I can't believe I haven't seen it yet today...
Fuck you Bernanke!
*Proof* the bernack reads The Hedge. hahahahahhahahahah Fuck you no nut sack bernak. Fuck you.
Signed. Got #1500 exactly :)
I appreciate the intent, but doesn't it seem a bit ironic to "petition" a government that routinely and regularly kills innocent civilians?
Its really fun reading their responses the entertainment value alone makes it worth it . They should offer a course in creative lying. Wait a minute maybe they already took that course, must have been in one of those ivy league schools.
WTF register with a yahoo account ,then click whatever you agree with geez how lazy are you? Time took all of 45 sec.
They don't need a course, they are born that way
I was signature number 249 ...
It will of course be denied for "national security reasons" ... which is completely true, becuase if the Germans knew i just bought some of their gold in the form of a shiny new American Eagle, they might be a bit upset.
ut oh..they are counting backwards if you are 249 and the guy below was 1500!
How are things in Cincy, Mike?
And here I thought it was the Federal Reserve's gold...or at least 261 million oz of it. That's what they report on their balance sheet every week at any rate....confiscated fair and square, all legal like. The Supreme Court said so, so it's got to be true, right?
They tell you what they are going to do to you before they do it:
Maryland and Pennsylvania using computers to predict future crimes.
http://www.dailymail.co.uk/news/article-2260609/Maryland-Pennsylvania-us...
"They tell you what they are going to do to you before they do it:"
Yep, The Georgia Guidestones."
Crimes commited by politicians or corporate America or Joe Six Pack?
Oh that's right, Joe Six Pack.
Get some sleep/ You're gonna need it Sunday<
You mean they might not have all that stolen gold?
NO NO NO wait, lemme buy more first!
Wasteoftime.jpg
No worries. This is just a few gold shillings that fell through the punctured Gordon Brown trouser pockets.
Gordon Brown saves the world…
LOL Online petitions. How many have succeeded so far? Taking 20 seconds to type some shit in then surfing over to BangBros is not an effective way of getting shit done.
Outside of force, you got a better idea?
No, I'm ok with the porn
Voting? hahahahhahahahahhahahahhahahah
Thank God Congress banned incandescent light bulbs...now America will have an unlimited supply of gold.
Wife?
{Let the Games Begin} Bitchez
Ron Paul:
"I'd like to thank the People for allowing me to inspect Ft Knox. Here's the good news: There will never be a Tungsten shortage in America."
I signed it too, cause a retired TX congressman asked me to.
CEO's build ships. marketing departments sell products.
Row Row Row the boat, gently up the stream....>
signed
But maybe they'll 'assay' your Gold Visa card, lest you've done an "Edge of Glory" number on it "as seen on TV", and take it onto an airplane for a quick shave.
oh whatever. the assayer will be just one more slob with a government gun pointed at his head. You can't evaluate government, nor quasi-government, nor 'independent non-governmental agencies', when government is involved.
Coins? Zinc coated Quarters?
Over 8K reads of this article on ZH and yet only 1.8K have signed the petition.
Hummmm
Things aren't looking very good for America.
That flushing sound you hear............
Come Monday, I hope to post a petition that: "Joe Biden Secedes From The U.S.A., After A One Trillion Dollar Platinum Coin(at market price and volume) Is Shoved Up His Assay."
AIG is suing the FED, no really, and just to get first swing at BAC, I dont' even know who to root for. I'll go with "others"
AIG sues Federal Reserve Bank of New York over right to sue Bank of America, others - @Reuters
Story metadata:Hong Kong action hero Jackie Chan provokes controversy by calling the US 'the most corrupt country in the world' - @AFP
AFP - Hong Kong action hero Jackie Chan has once again provoked criticism, this time from an American blogger, after suggesting on Chinese television that the US is the "most corrupt" country in the world.
"When you talk about corruption -- the whole world, is there corruption in the United States? The most corrupt in the world!" the Rush Hour star, who has made headlines recently for his controversial views, told Phoenix TV last month.
Chan reaffirmed his view after the show's host questioned him -- "Of course! Where did the great breakdown come from? The world, the United States started it," Chan said, referring to the financial crisis and gesticulating as he spoke.
In the same interview, he said that he was bullied by Hong Kong triads and had to hide in the United States. He also said he needed to carry a gun everyday to protect himself, leading to a police investigation.
There ain't nothing but an F'n IOU and a block of tungsten in the FED's vaults. Everybody knows that. But, I'm signing the petition for the hell of it.
Ooooo I got 1,845
I'm going to play that on tomorrow's Lotto number.
rotsa ruck wacky shitballs!
moar tungsten!
flat broke! what you talk bout? these states united' wealth be immense and most powerful; control of all physical and digital trade routes makes all the bullion in stowage kin to a fart in a funnel cloud.
Hey why don't we send you over the Queen, she loves touring gold vaults.
A few cheap photos and some press coverage and you won't need no public audit.
Of coarse your need to put some gold back in the vault and pretend it's yours for hour or two, shouldn't be a problem though ah.
[EDIT] Scrap that you could just Photoshop her into a old photo.
"8,100 Tons Of Gold" or the 8,100 tons of tungsten that ae painted gold
There is enough evidence to conclude the banksters are going to bring the curtain down soon. They too know that unbridled fraud will crash the system but they are letting it go until a time soon. The transfer of maximum wealth to them is coming to a close. The gun confiscation may be the last moments and the start of their planned collapse of the existing system. They would be fools to not have it planned out at this point. Its getting closer.
I know where it's gone.
Medicaid has used most of it for dental work in the inner cities...that grill work consumes a shitload of raw materials.
Signed,
Racist for this minute!
Off topic but its the weekend.
I am thinking of hiking the Camino de Santiago in the spring. Has anyone else here done it and do you have anything to comment.
As a pilgrim or a tourist? Do you speak Spanish? Ten years ago, it was pleasant.
mkhs
I never travel as a tourist but to say I am a pilgrim would be a stretch. Ive been too inactive this year and gained weight so I thought hiking the Camino would facilitate some weight loss and provide an interesting time. I'm facing change and its a bit blurry.
I do not speak spanish. Big problem???
Not really. Enough english speakers to take care of you. Any fellow travelers will be glad to help out.
Yeah, I dropped a few pounds on the trip. Good exercise.
Maybe we have differing idea about tourist; if your not there on busniess, your a tourist.
Gat Honest/ Be righious For the second time/ Jaimie Coleman @ Forex Live, is a moron!
The person is an idiot! His help is fantastic
Please sign my petition. 6 hour work day - u will like it.
http://wh.gov/PSy4
If you add we have to be paid in gold too I'll sign it.
^^^
How come foreigners can sign this petition too?
LOL, because its just some nonsense that will never pass congress. It gives the illusion they care.
It's not tungsten after all.
http://www.silverdoctors.com/forums/topic/truth-on-fort-knox-is-out/
I'm pissed offf.
Don’t get pissed, it’s all a dog & pony show. Comedy is good for your health! We'll just send Lew into Fort Knox for a photo op. ;P
Why Did They Send In The Queen Instead Of Auditors?
I'm out. Have fun fellas.
Get rid of this cancer too
https://petitions.whitehouse.gov/petition/abolish-federal-reserve-act-ch-6-38-stat-251-enacted-december-23-1913-12-usc-ch3/0ptR6gxN
An unintended problem I see with WH petitions and such like, is that when only (say) 0.1% of petitions have any credibility at all and the rest are only ever intended to poke fun or to make a point, is that TPTB have a ready-made excuse to ignore them or at least deny them. All they have to say is "most petitions are submitted by subversives and are rubbish, so we don't take them seriously." IOW, they can simply mock the whole process.
.
.
[We have a similar situation in the UK when it comes to pedophilia, the late Jimmy Savile (a BBC TV Star) and sexual abuse of children in care homes. For several months, at least one Left-wing nutter blogger with a political agenda has been spewing out countless allegations about exactly "who" in Very High Places is involved. He lists high-ranking politicians on the Right and even one or two members of Royalty and regularly names individuals without a shred of evidence. Of course he's not entirely stupid and attempts to cover his ass to avoid libel charges but his smears and allegations are there for all to see. This stupidity allows the Establishment to dismiss the whole blogosphere on grounds that it's full of nutters trying to cause trouble for innocent people that they dislike; even though there is undoubtedly more to the pedophilia issue in the UK than we know about involving past/present people in high places and widescale cover-ups etc]
HighBypass Turbofans are worthless.<
Fixed wing propulsion is obsolete
Long-suffering, God fearing, innocent America is attacked by an evil Arab who demolishes three skyscrapers and torpedoes the planet's best-defended military headquarters from his hideout in Afghanistan. Following an exhaustive criminal investigation that involves shipping most of the evidence to China and torturing countless Iraqi goat herders, America's finest track the culprit down to a suburban redoubt and wipe him out with such extreme prejudice that not even a photograph remains.
Pay no attention to the pallets of metal in the vault, look, there is a hot babe in a bikini. Lead is cheaper than tungsten. Audit? We don't need no stinkin' audit.
You can simply look at gold and tell by its shine if it's real or not. I checked and it's not solid through and through. It's claded, and guarded against non like minded individuals, and then that is leveraged to astronomical amounts, for loans to keep the gvt spending going. Remember, the Fed can never get enough, or control enough, money.
We probably should go back to a gold standard. At least this way we would know Australia would be the new Saudi Arabia.
But the question remains this. Why a gold standard? Why not a platinum or a diamond or silver standard? Why does it have to be gold? Why can't it be another commodity perhaps oil or copper or maybe pork bellies? Why not a rare earths standard? Because gold makes the best jewelry? Who knows?
Why not a gold standard? Because the disadvantages are much worse than the advantages.
There are no disadvantages to a gold standard, as your failure to enumerate a single one indicates. The people that make stuff will become rich off of work, instead of the people with printing presses getting rich by printing a bigger share of the pie for themselves. Gold will be distributed via work and capability.
Nothing else works but gold as money:
http://www.therichterreport.com/content.php?id=107&menu_id=-1&menu_item_id=82
There are no disadvantages.
Gold as a medium of exchange & store of value has zero disadvantages compared to anything else on the planet - and it's OK to have competing tanigbles as currency/value units to store/trade. No reason gold money should preclude silver money, diamonds or rubies. Diamonds are in fact very common but uncommon diamonds are valued by wealthy entities, not for intrinsic utility like gold, silver, copper, etc.
Rubies & saphires are quite hard and also rare. There's a cool under-water cutter/milling type of device you can use for home-Fab stuff, it's like a fire-hose shot through a needle-stream carrying metal particles which carves your machine underwater to prevent splashing/deflection.
That needle-stream is constrained under so much pressure by saphire.
Silver, rubies, saphire, gold are in fact actually rare.
Diamonds, rare-earth 'metals' are not metal, not rare, and whatever is bulky, unsafe to handle, not rare or has little intrinsic value really makes poor money for an economy.
Rare-cut large diamonds, jade, particular paintings & various types of art makes "good money" only for the richest of the rich. They can trade whatever the hell they want to each other. It's not our concern for it is not an economy for ALL of us.
Pork-bellies & other consumable food products which are NOT stored & preserved do not make good money: they rot if not consumed. They make an average medium as one can swap equally valued lots of equally-expiring-lots of goods. If one wishes to swap cattle contracts or beef in freezer for the same in pork, what's the harm? Good on them but it won't drive a full economic unit of trade.
Again, I'm all for competing units of trade, so I say let it be if it can manage to continue being useful.
HONEY is a food product so high in sugar that if sealed to avoid insects trying to eat it, it will stay edible for thousands of years, so as a food product it will in fact work as a store of value, able to be traded in jars.
I presume since only 13 billion dollars of gold was mined in the USA last year and our reserves equal 289 billion then we have a serious problem. Here's a list of disadvantages since I didn't list any.
Disadvantages
The unequal distribution of gold as a natural resource makes the gold standard much more advantageous in terms of cost and international economic empowerment for those countries that produce gold.[51] In 2010 the largest producers of gold, in order, are China, followed by Australia, the US, South Africa and Russia.[52] The country with the largest reserves is Australia.[53]
The gold standard acts as a limit on economic growth.[54] “As an economy’s productive capacity grows, then so should its money supply. Because a gold standard requires that money be backed in the metal, then the scarcity of the metal constrains the ability of the economy to produce more capital and grow.”[54]
Mainstream economists believe that economic recessions can be largely mitigated by increasing money supply during economic downturns.[55] Following a gold standard would mean that the amount of money would be determined by the supply of gold, and hence monetary policy could no longer be used to stabilize the economy in times of economic recession.[56] Such reason is often employed to in part blame the gold standard for the Great Depression, citing that the Federal Reserve couldn't expand credit at a fast enough rate to offset the deflationary forces at work in the market.[57]
Although the gold standard has brought long-run price stability, it has also historically been associated with high short-run price volatility.[58][59] It has been argued by, among others, Anna Schwartz, that this kind of instability in short-term price levels can lead to financial instability as lenders and borrowers become uncertain about the value of debt.[60]
The total amount of gold that has ever been mined has been estimated at around 142,000 metric tons[61] and arguments have been made that this amount is too small to serve as a monetary base. The value of this amount of gold is over 6 trillion dollars while the monetary base of the US, with a roughly 20% share of the world economy, stands at $2.7 trillion at the end of 2011.[62] Murray Rothbard argues that the amount of gold available is not a bar to a gold standard since the free market will determine the purchasing power of gold money based on its supply.[63]
Deflation punishes debtors.[64][65] Real debt burdens therefore rise, causing borrowers to cut spending to service their debts or to default. Lenders become wealthier, but may choose to save some of their additional wealth rather than spending it all.[66] The overall amount of expenditure is therefore likely to fall.[66]
Monetary policy would essentially be determined by the rate of gold production.[67] Fluctuations in the amount of gold that is mined could cause inflation if there is an increase, or deflation if there is a decrease.[58][67] Some hold the view that this contributed to the severity and length of the Great Depression as the gold standard forced the central banks to keep monetary policy too tight, creating deflation.[68][69]
James Hamilton contended that the gold standard may be susceptible to speculative attacks when a government's financial position appears weak, although others contend that this very threat discourages governments' engaging in risky policy (see Moral Hazard).[69] For example, some believe that the United States was forced to contract the money supply and raise interest rates in September 1931 to defend the dollar after speculators forced Great Britain off the gold standard[69][70][71]
If a country wanted to devalue its currency, a gold standard would generally produce sharper changes than the smooth declines seen in fiat currencies, depending on the method of devaluation.[72]
Most economists favor a low, positive rate of inflation. Partly this reflects fear of deflationary shocks, but primarily because they believe that central banks still have some role to play in dampening fluctuations in output and unemployment. Central banks can more safely play that role when a positive rate of inflation gives them room to tighten money growth without inducing price declines.[73]
It is difficult to manipulate a gold standard to tailor to an economy’s demand for money, providing practical constraints against the measures that central banks might otherwise use to respond to economic crises.[74] The demand for money always equals the supply of money. Creation of new money reduces interest rates and thereby increases demand for new lower cost debt, raising the demand for money.[75]
The fact that people are even making petitions to the government indicates the public is now waking up. That means the government is in deep shit and screwing up. This is not what the kind of population they wanted. It only gets worse from here as they continue to blow these angry petitions off with trite little statements.
**Prepare for the Worst: Celente on 2013
Video**
http://www.homment.com/jHTBQnDGS4
Fasion island, Lido island (balboa) I take the ferry
A word to the wise; be VERY careful of what you put your name to. In the days ahead when TPTB become desperate they will use it against you in the gulags.
Self-incrimination of crimes to be.
Crush them like dirt. Record bonuses.
Please, all the gubbemint needs to do to remain solvent is buy more facebook and netflix stock! What is the US doing holding this barbarous relic anyway?
They are the majority shareholder in Amazon.....imposible to short with a conservative PE of 3349.25
A petition to audit the gold?
I am very sorry friends, you have as much chance of that happening, as having a blow job off the Queen.
Dream on suckers, as my son would say.
:-)
Message to COngress and White House:
I demand you vote against and oppose ANY infringements of the Second
Amendment. Do not dishonor but instead affirm and uphold your Oath of Office...
"to defend and protect the US Constitution against all enemies, foreign and
DOMESTIC".
Self defense of one's life and property is a natural and unalienable birth right.
https://www.popvox.com/home
And yet they refuse to build a death star?
http://www.guardian.co.uk/world/2013/jan/12/white-house-death-star-petition
Their economic policy IS the Death Star!
This makes me suspicious....since the Trillion $$ coin scam failed, now their gonna find ALL THIS VALUE in Ft. Knox so we can boost the debt ceiling to Infinity and beyond!
Watch for it.
All you need to know is the mandatory account creation to sign to the petition.
Welcome to the drone list.
I signed up and signed the petition.
So what about your info. If you file a tax return, if you have a credit card, if you have a bank account, if you buy ammo on line, if you get a passport, if you buy a plane ticket, if you cross the border, etc, all of your info is in the system.
What are you afraid of - soldier on via your computer.
We should get 25,000 signatures in 24 hours from ZH alone.
The US Treasury owns no enumcumbered AU.
Definition of 'Unencumbered'An asset or property that is free and clear of any encumbrances such as creditor claims or liens. An unencumbered asset is much easier to sell or transfer than one with an encumbrance. Examples of typical unencumbered assets are a house without any mortgage or other lien on it, a car where the automobile loan has been paid off or stocks purchased in a cash account, rather than a margin account
Read more: http://www.investopedia.com/terms/u/unencumbered.asp#ixzz2HmD318LQ
This one is even more important than the one that wants to kick Piers Morgan out of the country.
Why bother? If they get away with obvious forgeries of a birth cert and selective service card as well as a fake SS number, they can get through the audit with gold spray-painted chunks of 2X4.
bath house barry has more SSNs than the local SS office.
does anyone owe any loyalty to an obvious fraud?
Signed.
If you absolutely have to defend yourself:
"Warm it all up! Everything you've got!..." --> Starship Troopers - Come on you apes
IF this petition wont go through 1776 WILL COMMENCE AGAIN!!
Ps. Get yourselfs off the suicide pills.
But for real, best thing I have heard for awhile, there is no way of knowing exactly how much gold there is US, and since it hold other countries gold as well. I think I would be nice to see if its really all there.
As far as pointless gestures go, I think this ersatz petitions don't hold up to everybody holding hands and singing "We are the World".
Some low level WH flunkies are laughing their balls off and thanking you for saving them from the unemployment line.
I guess people forget that any action would have to originate from Congress critters and their only real concern, for the most part, is your votes that keep them on the gravytrain.
If you want to make gestures, you might target them where it might do some good.
The American Revolution was a secessionist movement, led by secessionists. Traitors is what the King called them. I doubt they'd see secession as bizarre or absurd. Neither do a whole swath of Americans who, unless I am totally wrong, are not giving up their guns to a tyrannical government without emptying them first.
The American Revolution was a secessionist movement, led by secessionists. Traitors is what the King called them. I doubt they'd see secession as bizarre or absurd. Neither do a whole swath of Americans who, unless I am totally wrong, are not giving up their guns to a tyrannical government without emptying them first.
If the USG has become King George, why should we not either leave or restore it by any "legal" means necessary?
"There" and "not already allocated to someone else" might be two different issues.
"There" and "not already allocated to someone else" might be two different issues.
Owing to the gold carry trade, there’s probably little of the stated gold left in Fort Knox. Some twelve or fifteen years ago, central banks began lending physical gold (at less than 1%) to so-called bullion banks; these latter then sold said gold into the market and used the proceeds to buy US treasuries (then paying 4-5%).
As a result of this carry trade, central banks and governmental treasuries changed a line on their balance sheets from “gold” to “gold and gold receivables”.
This carry trade worked fine until gold left the area of $300 per troz.
This “missing” gold, plus the bullion banks’ unenviable short gold position; and a few other unexamined factors (gov’t insurance on bank deposits, Mortgage Backed Securities (MBS), US treasuries owned (but held by NY Fed) by foreign central banks, large companies’ (worldwide basis) cash positions et cetera) will work serious havoc on financial markets, when people become aware of them.
All the aforementioned classes of paper are ultimately convertible into gold – and hardly anyone knows it; at least no one has factored them into a potential for gold prices.
I would like to tell you my projections, but most people would think I’d been smoking… something. For my projections to make any sense you have to study the relationship of those classes of paper to gold – then it will illuminate.
I agree, not much will come of this petition; don’t want people to learn most of the gold is missing.
If you want a slightly more practical petition, I posted a petition to reduce or abolish internal taxes, based on the reality that all taxes are laid most heavily on the weakest members of society. And who are these weakest members but children (in the case of taxes) and those yet-to-be-born (in the case of government debt)?
Take money from a man (thru taxation) and you make him less able to provide for his children. Even the supreme court and Justice Department declared such, in a backward sort of way. Both agreed that, if you give money (unemployment benefits) to a man, you prevent him sinking into vagrancy or banditry, ill-health or depriving his children. ‘Whatever is done to the breadwinner is also done to his dependents’, they said.
But they failed to look at the other side of the coin: when you take money from a man, you drive him to vagrancy…
This is an issue that could affect every person in the country.
If you want to add your signature to the petition, follow this link (https://petitions.whitehouse.gov/petition/reduce-or-abolish-all-legal-impediments-child-rearing/XSlhSdLf )
here is a good topic for another petition, just read it:
It's even worse than we previously thought. A retired four-star admiral is now claiming that Barack Obama intentionally conspired with America's enemies to stage a bogus attack and the kidnapping of an American ambassador so he could "negotiate" the release of a "hostage" and bolster his mediocre approval ratings just prior to the election?
The Washington Examiner, quoting retired Four-Star Admiral James Lyons, writes: "the attack on the American Consulate in Benghazi... was the result of a bungled abduction attempt.... the first stage of an international prisoner exchange... that would have ensured the release of Omar Abdel Rahman, the 'Blind Sheik'..."
But something went horribly wrong with Obama's "October Surprise." Although the Obama Administration intentionally gutted security at the consulate prior to the staged kidnapping, former Navy SEALs Tyrone Woods and Glen Doherty disobeyed direct orders to stand down, saved American lives, single-handedly killed scores of attackers...and the attackers, believing that the Obama had betrayed them, tortured Ambassador Chris Stevens and dragged his body through the streets.
Some will say that Admiral Lyons' accusation is not a smoking gun. We agree, that's exactly why Congress must investigate Benghazi-gate.
So far 3,198 including my vote:
PS: Fuck you Benny
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If the White House does not want the signatures to reach 25,000, then they will not reach 25,000.