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Summary
Transcript
This could cause a credit collapse on the other side of the coin. All this could be fixed if our money was tied to gold. You know, the gold that’s supposed to be in Fort Knox, but we don’t know. If they re-evaluate that gold, they re-value it, it will change the game dramatically. Now, if you look back to history, the biggest reset in history occurred in 1933 when Roosevelt confiscated gold from the citizens at $20.50 per ounce, then turned around and re-valued it at $35. This was massive criminal theft, and it was done by executive order, not even an act of Congress.
The next reset was in 1964 when Johnson took all the silver out of the dimes, quarters, and half dollars, and then fraudulently replaced it with pot metal. The next big reset was in 1971 when Nixon seized redeeming gold to foreign governments, much as how Roosevelt had denied Americans doing it before. So history has showed us that the connection to gold and breaking away from the precious metals has hurt our dollar big time, and one good way to fix that would be to connect it back to gold somehow. To do that is going to take a complete reset of the game.
Right now, the U.S. government still values the gold that’s supposed to be at Fort Knox at $42 an ounce on its balance sheets. If you revalue that, that gives them $750 billion in overhead to add to it, just in the blink of an eye, just by revaluating gold. And not only is their gold going to go up, but so too with the whole market. It would cause the whole thing to continue to rise. And for this to work backing a currency, many say that it needs to be somewhere between $20,000 and $40,000 an ounce in gold.
You will see an absolute explosion from here in gold and silver. Silver may do better numbers than gold. Plain ketchup. That’s where I would position if I was you. Head your bets there, and hopefully you’re in a state where they’re not taxing the precious metals. But this is incoming, and it’s coming fast, and it can come at any time. We’re seeing pressure being put on banks. We’re seeing all kinds of different lawsuits popping up from money laundering, and all this is the stage is set for a big event. Only time will tell now, but I’m telling you, it’s closer than ever.
I’d get ready, and I’d prepare for this reset. Join me for the live streams going live Monday, Wednesday, and Friday, 9 p.m. Eastern, talking about this, and a whole lot more. Hope to see you there. Much love. [tr:trw].