When [?] Gold And Silver Bottom Is Irrelevant To Your Financial Health
July 20, 2013
As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend their importance. Everyone agrees they are resoundingly better than any fiat currency, as history has amply proven. However, few consider the why PMs are so anathema for all central bankers.
There was a time in this country when gold and silver were the coin of the realm. Actually, they still are! The Coinage Act of 1792 has never been repealed, and that means, by law, gold and silver are, [read section 20], the current money of account of the United States. There is a very potent message within that Act, and like we said last week, Knowledge is not of value, using it is.
Here is what not enough people know, even in the PM community: The qualities within a gold coin are title, rights, and interest. When gold was used to purchase anything, all title, rights, and interest transferred from the gold coin to whatever was purchased. It was paid in full.
By contrast, thanks to the Rothschilds, the genesis for the entire Western world’s financial system, central bankers have replaced ALL title, rights, and interest in whatever you buy with commercial debt instruments, liens. All Federal Reserve Notes are evidences of debt. They are not “dollars,” even though the word is printed on them, and the Federal Reserve has admitted as much. Federal Reserve Notes, [FRNs] are commercial debt instruments, and they are issued by the privately owned corporation, The Federal Reserve.