Gold

[Xuxalina Rihhia]

Originally Posted by Rick Ronsavelle

This is the goDD of the Kikenvandal$!

[Rick Ronsavelle]

"There is another Uncle with a lot of money: Uncle Scrooge. Uncle Scrooge was never dumb enough to offer his nephew Donald an insurance policy for Donald's schemes to make money. If he had, he would have found himself handing out a lot of money.

Uncle Scrooge understood the effects of insuring profit-seeking schemes by people who have been given security from their own mistakes.

How do I know what Uncle Scrooge thought? Because I knew him personally. Well, not quite. I knew his advisor.

For many years, the man who wrote the story lines for the Uncle Scrooge (Disney) comic books was Vic Lockman. He was a professional cartoonist. Back in 1969, he published a cartoon booklet on the Federal Reserve System, The Official Counterfeiter. That booklet deserves to be posted on some website, or lots of websites.

Uncle Scrooge had a vault full of gold coins. So does the Federal Reserve System, or so we are told. Uncle Scrooge owned his coins. The FED holds gold bullion bricks as a reserve for a part – a fixed part – of the money supply of the United States. It does this on behalf of the United States (it says here). That gold may still be in the vault at the New York FED, or it may not. Members of Congress do not know, nor do they know what, if anything, is in the vault at Fort Knox. Congress is assured that the gold is there. By whom? By the handful of Treasury and Federal Reserve bureaucrats who have access to these vaults.

So, with gold as a reserve – we hope – and with government debt as a reserve, and with mortgages handed over to the FED by banks and financial institutions in exchange for Treasury debt, the Federal Reserve System regulates America's money supply, or tries to.

It now wants to regulate far more than the money supply. It wants to regulate the institutions that lend or invest large chunks of the nation's money supply.

Why? Officially, because of the fragility of the financial system. That, at least, is the implication of Secretary Paulson's published statements. The financial system was not seen as fragile in July, 2007, but it is now. On the contrary, the system was said to be A-OK in July, 2007, but not now. Everything is different today.

It isn't different, of course. It is the same. What is different is that what was always implicit has now become explicit: the threat of falling dominoes.

If the proposed legislation passes – and it will – things will be even more different in the future."

http://www.lewrockwell.com/north/north617.html

Feel free to hate gold- no one will stop you, or force you to use it.

[Rick Ronsavelle]

(deleted by poster)

[Alex Linder]

Why is this in the gold thread?

Disney hated jews because they stole his character.

[Rick Ronsavelle]

Disney was behind Uncle Scrooge. The poster who criticized the money bin cartoon claimed gold was jewish.

A tenuous connection. It could be moved or deleted. I don't care.