Subject: IS THIS THE BEGINNING OF THE END FOR PRIVATE GOLD OWNERSHIP?
From Betty Jean
This came in from one of the spiritual community lists I am on. In my opinion this is the first shot in the war that will see private ownership of gold eliminated as it was in World War II.
Unfortunately, many people who belong to this emailing list do not have the historical or political background to understand why doing away with gold is a dangerous practice.
At the moment, we do not have our currency pegged to gold or to anything except the labor of the American people. That is why the government refers to us as collateral. WE are the collateral for the federal reserve notes.
If the nations of the world sell off their gold stores what will happen if the world economy goes into hyperinflation? This is a condition where the currency value is not linked to anything, and because of economic instability and world wide fear, everything keeps increasing in cost. The bread that cost two dollars on Monday will be four dollars on Tuesday, eight dollars on Wedsnesday and by the end of the next week, it could be hundreds of dollars a loaf.
At some point in a hyperinflation run, currency becomes worthless and people revert to barter or trading with gold or silver. Throughout history, gold and silver have retained their value during periods of hyperinflation.
If our nations are convinced to sell off all their gold and peg their currencies to nothing, eventually the power will go to whoever it is who has the gold. If the entity who has the power is not a nation, but an organization like the United Nations or the World Bank, then that organization becomes the real power on the planet.
The New World Order uses the innocent people in the environmental and spiritual communities to start movements for change in this country and the world. While the idea of ending the destruction of our environment by banning the mining of gold sounds like a wonderful idea, the reality of it is quite different.
Most environmental activists have no idea what the idea of biospheres (from the Rio Conference Agenda 21) is all about. Biospheres do not protect the environment, they simply keep the minerals that are on the biosphere under the control of a select few. In other words, going on a biosphere is illegal for everyone, except those who have access and influence... in other words, the environment will not be saved, it will merely become another financial asset in the pocket of the people who run the world -- our one world government.
Biospheres will be off limits to all people. Eventually all wild lands will be called biospheres. This is part of the Rio Agreements that were designed by Maurice Strong, the man who many say is the power behind the United Nations and the foremost designer of the One World Government.
Unfortunately, Maurice Strong has a powerful influence over many people in the New Age, spiritual and environmental communties. Because of his influence, and many years of shaping and molding the spiritual messages his community hears, he and those around him are able to start a grass roots movement with just one or two messages like the one that follows.
I hope that people in the spiritual and environmental communities, who also have an understanding of the true nature of the people who are behind the United Nations and its environmental policies, will use their influence to let the truth be known. While the emotions of the innocent people in the environmental and spiritual communities are in the right place, the reality of who is behind this and what the results will be are quite different. People who have been influenced superficially by the New Age movement and the Environmental movement are this generations version of Lenin's "useful idiots". What these people forget is once their "Usefulness" was finished -- they were killed.
From a spiritual emailing list --
Please read and widely distribute these two articles (with variations) on the wisdom of selling off gold reserves to preserve our environment. Please write your representatives to encourage prioritizing healthy places for people, over subsidizing profits for corporations. Let's build an awareness to value clean air and water, more precious than gold.
Besides, dumping gold makes good economic sense as the value of US gold reserves has declined by two thirds in the last 20 years: ''At market prices, the value of this country's 8,600 tons of gold reserves has declined from 215 billion dollars to 73 billion dollars since 1980 - not to mention the interest that might have accrued from placing the proceeds in other investments such as government securities,'' says the report. Gold is simply a bad investment.
Australia, China, Argentina, and England have been selling off their gold reserves over the last several years --- and Anglogold, the world's largest gold mining company which operates the Cripple Creek & Victor Gold Mine in my hometown in Colorado, has been buying millions of ounces from the banks to hedge or protect the value of their commodity. Let them eat gold.
FINANCE-ENVIRONMENT: New Report Urges Selling Off Gold Reserves
By Danielle Knight
WASHINGTON, Apr 5 (IPS) - Selling significant portions of gold reserves held by the United States and other industrialised nations could prevent environmental disasters by discouraging new mining of the precious metal,argues a new report released Wednesday by three US environmental organisations.
By holding gold reserves and keeping an oversupply of gold off the market, governments essentially promote the extraction of new gold that results in ecological devastation, says 'Gold at What Price,' by the Mineral Policy Centre (MPC), Project Underground and the Western Organisation of Resource Councils (WORC).
''Why should we destroy more land and water to wrest gold from the earth, when we could mine the vaults first?'' the report asks rhetorically.
>From the Omai gold mine in Guyana and the Summitville deposit in Colorado, to the Kumtor mine in Kyrgyzstan, gold extraction has polluted rivers, killed fish, poisoned drinking water, and has even been blamed for human deaths, say the organisations.
The most recent example of widespread environmental damage caused by gold mining, says the report, occurred in January when a well- publicised cyanide spill at a Romanian gold mine devastated hundreds of kilometres of the Danube river and its tributaries.
The spill resulted in massive fish kills and affected the drinking water supply for as many as 2 million people.
''The cyanide spill that devastated the Danube brought the issue of massive subsidies to gold mining companies into stark relief,'' says Stephen D'Esposito, president of MPC.
(from Betty Jean -- Now we know the real reason for the cyanide spill -- the NWO was setting up their plan to gain control of all the world's gold)
Project Underground, an international mining watch-dog, has documented cases worldwide - from the Amazon to the Philippines - where recent gold mining has threatened the survival of indigenous tribes.
Going into remote rainforests to extract the precious metal, gold miners have brought with them diseases, violence and alcoholism that have led to the death of many indigenous people, says Danny Kennedy, director of the California-based organisation.
''Indigenous communities worldwide face repressive, even violent regimes favouring the gold industry,'' he says.
But this assault on the environmental and local communities could be halted if governments sold off parts of their reserves, says the report. Central banks and international institutions, like the World Bank, hold more than 34,000 tons of gold - more than 13 times the annual global mine production, says the report.
These reserves could satisfy gold demand for eight years, 85 percent of which is for jewelery, it argues.
''All this gold squirreled away in the central banks is a huge subsidy supporting pollution of our clean water and the destruction of communities around the world,'' says Richard Parks, chair of the WORC, based in the mining state of Montana.
Since 1971 when the International Monetary Fund prohibited its member countries from using the gold standard, central banks have been slowly but steadily selling their gold holdings, says the report.
The United States holds 54 percent of its reserves in gold. In making the case that the United States should sell off its gold to protect the environment, the report argues that the metal, once the foundation of currencies worldwide, may be on its way to becoming just another commodity.
The groups argue that by holding on to its reserves, the United States is not only contributing to the damage done to ecosystems but also losing billions of dollars.
''At market prices, the value of the country's 8,600 tons of gold reserves has declined from 215 billion dollars to 73 billion dollars since 1980 - not to mention the interest that might have accrued from placing the proceeds in other investments such as government securities,'' says the report.
Australia, for example, which sold two-thirds of its gold holdings two years ago, has recently calculated that it has earned 506 million dollars more since the sale than it would have if it had held on to its reserves.
''In this case what's good for the environment is also likely a good financial decision,'' says D'Esposito.
While it seems unlikely that governments can be persuaded to sell off all of the gold in their reserves, the report calls for international and national debates on the rate at which at least some gold should be sold off.
But any major programme of gold sales, stresses the report, should address the development of programmes for worker transition and alternative forms of economic development for communities - such as those in South Africa - that rely heavily on gold mining. (END/IPS/EN/EF/dk/da/00)
From Betty Jean --
Can an expert in the finacial markets please comment on this article?
Also -- can someone please tell me what the effect of lowering the price of gold til is is almost worthless, will have on Panama's lucretive drug money laundering system through the practice of trading drug dollars for gold in Panama, then bringing the gold to the US and selling it.